![CBA chairman Catherine Livingstone with CEO Ian Narev.](/web/20170522224201im_/http://www.watoday.com.au/content/dam/images/g/j/8/i/9/x/image.related.landscape.460x307.gw9ztq.png/1495454042569.jpg)
CBA rouses shareholder rebellion
Westpac and Commonwealth Bank expect to pay $480 million combined in extra tax as a result of the bank levy.
James Massola is chief political correspondent for the Sydney Morning Herald and The Age, based at Parliament House
Westpac and Commonwealth Bank expect to pay $480 million combined in extra tax as a result of the bank levy.
A key crossbench senator has made his party's support for the Turnbull government's new bank levy conditional on the tax applying to foreign banks.
Bill Shorten dismissed the advice of a majority of his shadow cabinet when he announced Labor would only support an increase to the Medicare levy for people earning more than $87,000 a year
The big banks have been given an extended deadline to respond to new levy laws.
Senior federal police and ATO officials are likely to be bombarded with questions by Parliament.
Anthony Albanese says Labor should have claimed victory after Coalition's 'ideological surrender'.
Five major banks told they must sign the agreements to see details of the new $6.2 billion bank levy.
Global ratings agency cast doubts over return to surplus, consumer confidence falls and wages stall.
Standard and Poor's confirms AAA rating but leaves the nation on negative watch.
The federal government's housing affordability package is a "sham", Labor's Chris Bowen says, and the measures set out in the 2017 budget will simply drive up prices.
Search pagination