Effective bank tax rate reached 55.1% in 2020 in Australia, according to the National Central Bank. This is 86.2% more than in the previous year.
Historically, effective bank tax rate in Australia reached an all time high of 55.1% in 2020 and an all time low of 20.9% in 2008.
Australia has been ranked 5th within the group of 58 countries we follow in terms of effective bank tax rate.
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