Sydney Morning Herald | Abbott government dumps Labor's bank deposit tax at cost of $2 billion in lost ... Sydney Morning Herald The Abbott government has walked away from a plan to impose a tax on bank deposits, a proposal that was expected to deliver revenue of $500 million a year. Prime Minister Tony Abbott and Treasurer Joe Hockey announced on Tuesday the government ... Tony Abbott declares bank deposit tax 'dead' Tony Abbott and Joe Hockey announce scrapping of bank deposit tax Govt not going ahead with bank levy: PM |