Coalition rejects claims of $2 billion bank levy 'black hole'

By James Massola, Clancy Yeates
Updated April 24 2018 - 10:07pm, first published May 24 2017 - 11:50pm

The Turnbull government is staring down claims there is a $2 billion "black hole" in the revenue its new bank tax will raise, after federal Labor cited figures from the big four banks and industry estimates to attack the levy.

Subscribe now for unlimited access.

$0/

(min cost $0)

or signup to continue reading

See subscription options

Get the latest Canberra news in your inbox

Sign up for our newsletter to stay up to date.

We care about the protection of your data. Read our Privacy Policy.