Via the AFR:
Victorian Senator Derryn Hinch says he will accept an increase to the bank levy, rather than exempting the big banks from company tax cuts, as part of his suite of demands for supporting the remainder of the government’s 10-year corporate tax cut plan.
But the government will reject any new impost on banks whatsoever.
Openly admitting he needs political cover if he is to support the company tax cuts, he is also believed to be demanding up to $2 billion in spending measures on low-income pensioners and the mature-aged unemployed.
Surely a little Twiggy love is all he needs.
