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CBA record profit shows government has wrong target for raising revenue

Adam Bandt 12 Aug 2015

Responding to news that the Commonwealth Bank has posted a record $9 billion profit, Greens Treasury spokesperson Adam Bandt MP today said the government is targeting everyday Australians to raise revenue when they should be looking at the Big 4 Banks. Mr Bandt called on the government to ditch its plan to increase the GST and instead put a levy on the profits of the Big 4 Banks.

“Time after time, we hear news of the Big 4 Banks putting away record profits,” Mr Bandt said.

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