Banks shouldn’t be blocked from tax cuts


Federal government minister Kelly Dwyer does not agree that banks should be quarantined from receiving government's planned tax relief, saying it's not a "moral tax".

The Independent Senator Derryn Hinch, whose support the government needs to pass the reduction in corporate tax, says that banks should not be rewarded for the problems that have been revealed by the Royal Commission so far.

But Mrs. Dewyer, Minister of Income and Financial Services, told ABC TV: "We need a new tax system based on a moral tax?" I mean, let's get a little real here. "



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