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

My question is to the 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. Does the Treasurer stand by the forecast for the bank tax in the budget which he brought down just two weeks ago?

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