News Formal

Extending bank levy to non-bank lenders under consideration, finance minister confirms

  • 📰 businessposthq
  • ⏱ Reading Time:
  • 9 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 7%
  • Publisher: 71%

Malaysia News News

Malaysia Malaysia Latest News,Malaysia Malaysia Headlines

Michael McGrath says such a move would likely require legislative change

The extension of the bank-levy to non-bank lenders in the upcoming budget is being actively considered, but would likely result in legislative changes concerning how the levy is constituted and collected, the Minister for Finance has said.

Michael McGrath told the Business Post that he was examining a range of ways that the bank levy could be reformed, and would make his intentions known on budget day.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 8. in MY

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Government to offer tax breaks to keep small landlords in rental market, McGrath saysMinister for Finance says priorities include retaining existing investment and attracting new development in sector
Source: IrishTimes - 🏆 3. / 98 Read more »