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Banking and Finance News. NAB calls for deposit tax relief. Tax concessions on deposits should be a key priority for the October tax forum if the banking system is to address its chronic over-reliance on offshore wholesale funding, according to National Australia Bank finance director Mark Joiner. Mr Joiner also warned of extra costs as a result of global capital and liquidity reforms to cut the risk of another financial crisis. Mr Joiner said Canadian banks now had cheaper access to global funding marke.
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Banking and Finance News

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Banking and Finance News. NAB calls for deposit tax relief. Tax concessions on deposits should be a key priority for the October tax forum if the banking system is to address its chronic over-reliance on offshore wholesale funding, according to National Australia Bank finance director Mark Joiner. Mr Joiner also warned of extra costs as a result of global capital and liquidity reforms to cut the risk of another financial crisis. Mr Joiner said Canadian banks now had cheaper access to global funding marke.

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The site had the following in the homepage, "NAB calls for deposit tax relief." I noticed that the web site stated " Tax concessions on deposits should be a key priority for the October tax forum if the banking system is to address its chronic over-reliance on offshore wholesale funding, according to National Australia Bank finance director Mark Joiner." They also stated " Mr Joiner also warned of extra costs as a result of global capital and liquidity reforms to cut the risk of another financial crisis. Mr Joiner said Canadian banks now had cheaper access to global funding marke."

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