Windfall taxing big banks’ profit is not the answer
OPINION: Calls for banking inquiries and tax are all very well, but it’s the consumer who will suffer.
Illustration: Michael Hickmott.
The Big Four banks displayed an uncanny pattern when reporting results over the past few weeks. Profit over a billion? Check. ‘We’re doing really well because New Zealand’s economy is surprisingly strong’? Check. Dark clouds ahead warning? Check.
The results and commentary were so similar
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