Home » Uncategorized » PolitiFact: Is Labor’s bank deposits levy a new tax?

PolitiFact: Is Labor’s bank deposits levy a new tax?

The claim

Coalition frontbencher Luke Hartsuyker says Kevin Rudd wants to “put his hand in the pockets of those people who have prudently saved”.

Luke Hartsuyker Fact Checker is savings levy a tax?
Luke Hartsuyker’s claim is mostly false.

He has told the Coffs Coast Advocate: “Under Labor you will effectively be taxed twice on your savings – once when you earn the money and again when it sits in the bank.”

Fact: Is Labor’s bank deposits levy a new tax?.

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