Bank tax sets ‘wonderful precedent’

 

 

http://www.smh.com.au/business/banking-and-finance/bank-tax-sets-terrible-precedent-westpac-chairman-lindsay-maxsted-20170512-gw3jq1.html

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!

https://www.crikey.com.au/2012/12/11/the-power-index-biz-directors-lindsay-maxsted-at-4/

 


John Young
14-may-2017

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About John Young

I am the CEO of Yindi Systems, a boutique consultancy that helps clients to create marketing and communication solutions using the Internet, social media, Google's fabulous free technologies and the incredible Wordpress for web sites. Many of my projects now are based around community advocacy for better outcomes for the planning systems used by NSW Government, defending local councils from forced mergers and preserving the environment, especially in greater Sydney. Major projects include www.keepingplace.net.au and www.cubbacubba.net.au
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