Contrary to Lindsay Maxsted, Chairman of Westpac, it is a wonderful precedent to make the big 5 banks pay extra taxes after ripping off the customers so throughly to achieve record profits!
I have a solution to the banks’ problem with the new tax on the top 5 banks. Let them pay it out of the highly inflated salaries and fees of the Chair, Directors, CEOs and senior management teams. Then they wont have to pass it onto their shareholders and customers!
And just look at the connections Lindsay Maxsted, Chairman of Westpac. Talk about nose in the trough!