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
Corporate profits increase inflation | Fact Sheet
The prices of many goods and services have increased dramatically across Australia since 2021. This has resulted in hardship for many households—along with $100 billion in increased profits for major companies. These corporate profits have been a key factor driving inflation.
Corporate profits increase inflation
The prices of many goods and services have increased dramatically across Australia since 2021. This has resulted in hardship for many households—along with $100 billion in increased profits for major companies. These corporate profits have been a key factor driving inflation.
Secrecy is not security
Excessive secrecy in government decision-making makes Australia less safe, not more.