Check out what Westpac has to say about the new bank levy

It would result in a new cost of $65m in the second half of 2017.

According to Reuters, Westpac says it is difficult to precisely calculate the levy given the limited detail available to the bank.

Levy is expected to be tax deductible, but will not attract franking credits (australian tax imputation credits).

Read more here.

Join Asian Banking & Finance community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

Top News

Lorem Ipsum Three
Lorem Ipsum is simply dummy text of the printing and typesetting industry. 

Exclusives

Lorem Ipsum Three
Lorem Ipsum is simply dummy text of the printing and typesetting industry. 
Lorem Ipsum Content on ABF
The text to display in the title bar of a visitor's web browser when they view this page. 
Lorem Ipsum
Contrary to popular belief, Lorem Ipsum is not simply random text. 

Event News

Lorem Ipsum Three
Lorem Ipsum is simply dummy text of the printing and typesetting industry.