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📈 ASX share review: Commonwealth Bank of Australia (ASX:CBA)

Australian Finance Podcast

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CVA Contributes a Huge Sum to the Australian Economy

CVA is one of Australia's largest taxpayer. The total tax expense that we're looking at here on the slide, Kate, is $3.6 billion. That would fund a huge amount of government programs and initiatives. Imagine all the banks if we had small banks that couldn't pay it. It would feel very scary because you wouldn't trust the banking system.

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