SA's bank tax passes the first hurdle

August 10, 2017

South Australia's controversial bank tax has passed state parliament's lower house.

The South Australian Opposition says it has support from the crossbench in state parliament's upper house to block the government's tax on big banks.

Leader Steven Marshall told reporters on Wednesday the levy will create uncertainty in the local economy by driving investors interstate.

"Today the Liberal party will be moving amendments to take the toxic state bank tax out of the budget," he said.

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