Why A Bank Levy Is A Great Idea
The South Australian state government announced in late June 2017 that it was going to follow the Federal government and introduce a levy on the big banks. Episode 19 of Follow The Money, explains why the banks can absolutely afford the levy, why it’s a good idea economically and just how small the levy really is compared to — for example — the salaries of the CEOs of the big 4 banks.
Host: Deputy Director Ebony Bennett // @ebony_bennett
Contributors: Chief Economist Richard Denniss @RDNS_TAI // Senior Economist Matt Grudnoff @MattGrudnoff
Producer: Jennifer Macey // @jennifermacey
Title Track: Jonathan McFeat // pulseandthrum.com
Find us on Twitter // Facebook.
Australia Institute research on the bank levies:
- The South Australian bank levy
- Of levies, profits and backstops: the bank tax in context
- Bank levy to have minor impact on average Australians
You can subscribe to The Australia Institute’s podcast series Follow The Money on iTunes. Each episode busts some economic myths, interprets econobabble and helps you sound really smart at your next dinner party.
Between the Lines Newsletter
The biggest stories and the best analysis from the team at the Australia Institute, delivered to your inbox every fortnight.
You might also like
Victoria’s Electoral Laws Need Truth in Advertising and Fair Rules for New Entrants
Victoria should adopt truth in political advertising and address the unfairness created by its donation cap and public funding model.
“Just get it done”: New research shows Australians back tax on fossil fuel exports
New research released by the Australia Institute shows a majority of voters back measures to tax fossil fuel exports, as Rod Sims and Ross Garnaut use today’s National Press Club address to call for a fossil fuel tax.
Millionaire Tim Gurner’s Refreshing Honesty Reveals the Soul of Business
Every now and then a window opens into the soul of the business community, and we catch a glimpse of the values and goals that shape the actions of the captains of industry.