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Joye: Banks get $5b annual taxpayer subsidy

May 19, 2017 - 11:48 -- Admin

By Leith van Onselen More good work from Chris Joye today, who has estimated that the Big Five banks receive more than $5 billion in subsidies from taxpayers every year. From The AFR: So Standard & Poor’s has confirmed that Scott Morrison’s gutsy budget saved Australia’s coveted AAA rating… A downgrade of the sovereign rating

The post Joye: Banks get $5b annual taxpayer subsidy appeared first on MacroBusiness.

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