Analysis of major banks’ latest financial results shows that the amount they paid via the federal government’s controversial bank levy rose by about $50 million to $850 million at the peak of the COVID-19 pandemic.
The quarterly levy of 0.015% on banks with liabilities of more than $100 billion was introduced in 2017. And The AFR’s Michael Roddan clearly wants to levy to be scrapped:
The banks played more than their fair part in the so-called Team Australia during the pandemic…
