RE:RE:RE:RE:RE:RE:Your comments pleaseBanks are so rich the goverment hits them with another tax.
A second change will see the government inch up the corporate tax rate for banks and insurers on their profits over $100 million to 16.5 per cent, from 15 per cent previously. That move is expected to bring in $445 million annually to government coffers. Over the five years of the budget forecast, that brings the total of the bank tax changes to more than $6 billion.