WA to implement its own bank levy?

Advertisement

By Leith van Onselen

The Western Australian Government is reportedly mulling whether to emulate South Australia and implement its own bank levy. From The ABC:

The WA Government previously expressed an interest in a bank levy similar to that flagged by South Australia, which would tax bank bonds and deposits quarterly at a rate of 0.015 per cent.

The full text of this article is available to MacroBusiness subscribers

$1 for your first month, then:
Cancel at any time through our billing provider, Stripe
About the author
Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness. Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.