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The banking industry supports a fair, transparent, and efficient tax system that is sustainable and continues to support a strong and stable economy whilst meeting the needs of the community.

Banks take their tax obligations seriously and do not structure their tax affairs through low taxing jurisdictions.

Overall, the industry is contributing over $14 billion in income tax to the economy, through corporate tax and various levies. This represents over 40% of the ASX200 companies combined tax paid.