bank extra tax become true, page-77

I don't think extra taxing any particular business is good but it is a bit more complex than that.
The measure has an element of political but also to stop banks going rogue ... he want to prevent rather than cure ...

After the uk banks collapse after years of lax regulation they reign in the banks over there with levy and regulations... ScoMo is just doing what the uk doing to prevent us ever going down that path and the voters will love it too.. one stone kill 2 birds.

So that mean going forward they going to be levy and regulate a lot more than previous decades

That translate to lower profit going forward, just look to the UK for our future profitability