close
MENU
Last Word
5 mins to read

Windfall taxing big banks’ profit is not the answer

OPINION: Calls for banking inquiries and tax are all very well, but it’s the consumer who will suffer.

Illustration: Michael Hickmott.

The Big Four banks displayed an uncanny pattern when reporting results over the past few weeks. Profit over a billion? Check. ‘We’re doing really well because New Zealand’s economy is surprisingly strong’? Check. Dark clouds ahead warning? Check.

The results and commentary were so similar

Want to read more? It's easy.

Choose your best value subscription option

Student

Exclusive offer for uni students studying at a New Zealand university (valued at $499).
Individual
Group membership
NBR Marketplace

Yearly Premium Online Subscription

NZ$499.00 / yearly

Monthly Premium Online Subscription

NZ$44.95 / monthly

Smartphone Only Subscription

NZ$24.95 / monthly

Premium Group Membership 10 Users

NZ$350+GST / monthly

$35 per user - Pay by monthly credit card debit

Premium Group Membership 20 Users

NZ$600+GST / monthly

$30 per user - Pay by monthly credit card debit

Premium Group Membership 50 Users

NZ$1250+GST / monthly

$25 per user - Pay by monthly credit card debit

Premium Group Membership 100 Users

NZ$1875+GST / monthly

$18.75 per user - Pay by monthly credit card debit

Yearly Premium Online Subscription + NBR Marketplace

NZ$499.00 / yearly

Already have an account? Login
News tip? Question? Typo? Let us know: editor@nbr.co.nz
© All content copyright NBR. Do not reproduce in any form without permission, even if you have a paid subscription.
Windfall taxing big banks’ profit is not the answer
Last Word,
96562
true