Banking
Levy on international banks ditched by government over fears of legal action
The government has also abandoned plans to levy non-bank lenders in Budget 2024
International banks are no longer subject to the bank levy due to concerns within government over possible legal action.
The government has also decided not to proceed with an extension of the levy in Budget 2024 to non-bank lenders due to similar concerns and the effect the move could have on mortgage holders with those firms.
The Business Post first revealed that the bank levy was to be extended and expanded in Budget 2024, as ...
