Banks want you to pay less tax on interest, but why?

Authors

John A. McLaren, University of WollongongFollow

RIS ID

91521

Publication Details

McLaren, J. (2014). Banks want you to pay less tax on interest, but why?. The Conversation, 3 April 1-2.

Link to publisher version (URL)

The Conversation

Abstract

Australia's big banks want the government to give their customers tax breaks on interest income, having told the Financial Systems Inquiry it would encourage more savings. In turn, the banks will have access to greater deposits to lend as the economy recovers.