The Forum > General Discussion > Are the banks getting away with blue murder
Are the banks getting away with blue murder
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You see banks generally work on about a 2.5% margin,this means they borrow at say 4.5%, then lend at 7%.
Now while this may appear quite a small margin, they are actually making a killing as thier actual margin is more like 35%.
Is this one sector that should be paying more tax on their super profits?