Hockey’s Bank Deposit Tax must be replaced with Lambie’s Financial Transactions Tax

Independent Senator for Tasmania, Jacqui Lambie has called on the Liberal Party to scrap their plans to impose a new tax on bank deposits, which will be passed onto customers – and replace it with her Financial Transactions Tax.

“My Financial Transactions Tax (FTT) (see attached) will raise almost 3 times more in revenue than the Liberal’s bank tax, while only targeting about half a dozen high frequency share trading companies in Australia. Independent financial experts from the Australia Institute have told me that a FTT between 0.1 & 0.01% on high frequency share trades by Australian companies which use super computers and are located in our main stock exchange - will raise up to $1.4B p/a.” said Senator Lambie.

Hockeys Bank Deposit Tax must be replaced with Lambies Financial Transactions Tax - 29-3-15 - 29-3-15

FTT - QWN speech - 24-3-15

FTT QWN - 23.3.15