Thanks HLL,
I read that comment too “There is no ‘magic pudding’," Westpac chief executive Brian Hartzer told
News Corp. "The cost of any new tax is ultimately borne by shareholders, borrowers, depositors, and employees."
CEO Brian Hartzer is wrong. The new tax is cleverly designed and will be borne by shareholders of overpriced and over profitable banks. If not then customers will walk. I can't believe the market bought that tripe!
No disrespect to the master: only commenting on the quote.
