Speaking of tax if this happens after a change in govt here in May then our NZ based 28% Corp rate taxed A2M will be even more popular to insto’s wanting in.
As we are headed to the asx top 50 soon!
What a joke if this gets implemented!!
Banks will study this commitment in detail and expect to be consulted on its practical impacts should Labor form government after the upcoming election," Australian Banking Association spokeswoman Anna Bligh said in a statement.
The tax would apply to the big four banks and others included in the S&P/ASX 100 index, based on their market capitalisation.
($1 = 1.4004 Australian dollars)
A2M Price at posting:
$14.05 Sentiment: Buy Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)