Bulletin 15 – Henry calls for less tax on deposits

Credit unions and mutual building societies are urging the Government to promptly accept the Henry Report recommendation to reduce tax on deposits.

“The Henry Report on taxation out today says that the real effective marginal tax rate on interest income from deposits can be as high as 80 per cent,” says Abacus CEO Louise Petschler.

Please click here for further information.

 

Back to the top