The Taxpayers’ Union is calling on ASB Bank CEO Vittoria Shortt to put her money where her mouth is and make a donation to the Government given her call for New Zealanders to be taxed even more. Stuff reports that Ms Shortt says “New Zealand has to collect more tax to invest in the infrastructure the country so desperately needs.”“Ms Shortt needs to get out more,” says Jordan Williams, a spokesman for the Taxpayers’ Union. Or did she only mean for her ASB customers to pay more?”ASB Bank takes distinct position from Australian parent on bank excess profit tax“We also note Shortt’s comments appear to contradict the views of her Australian bosses.” said Williams. (see https://www.theguardian.com/news/article/2024/aug/29/commonwealth-bank-ceo-labels-greens-tax-policy-insidious-populism-after-firms-98bn-profit)“Is ASB saying that they support a tax on the extra-ordinary profits the Australian-owned banks are making on their New Zealand operations? If not, why is what Shortt says is good for the goose, not good for the gander?” asked Williams.

Source: The Guardian October 13, 2024 23:14 UTC