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Immunised from Banking Lurgy? Ep 335 David Tripe

NZ Everyday Investor

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The Tax on Deposits in New Zealand

If we did have something like insurance here in New Zealand for our deposits, who pays for the premiums on that insurance? My view has always been that it should be a tax on retail banks regardless. Precisely, we haven't got any ideas yet as to how their tax is going to be assessed. It's maybe going to be a couple of cents for a... or a cents or two for every $100 of deposits sort of thing.

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