House debates

Tuesday, 23 May 2017

Questions without Notice

Budget

2:32 pm

Photo of Chris BowenChris Bowen (McMahon, Australian Labor Party, Shadow Treasurer) Share this | Hansard source

My question is to the Treasurer. Treasurer, the budget forecasts that the bank tax will raise $1.6 billion in its first year. But the big four banks have reported that it will cost them just $965 million after tax in the first year.

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