SA's bank tax unreasonable and misguided, investment fund warns

October 31, 2017

As State parliament resumes today to debate SA Labor's bank tax, the Adelaide Advertiser newspaper reports today that a UK-based $80 billion investment firm is downsizing its Australian investments due to the risk posed by state bank taxes such as the one proposed in SA.

The Advertiser reports that independent MP John Darley and Australian Conservatives Dennis Hood and Rob Brokenshire were holding firm in their opposition to the tax late Monday, meaning the bank tax — and by extension the entire state Budget — is destined to be blocked.

Subscribers can read the full article here.

South Australia goes to the polls in March 2018.

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