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Last Word
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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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Windfall taxing big banks’ profit is not the answer
Last Word,
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