Recent content by KevinACT

  1. KevinACT

    Credit card perks under threat as regulators eye changes to payment rules

    Banks debit loan accounts with fees that extend the loan and should pay the fee. Instead they pay themselves and still leave you owing the money. This means you pay twice. The debit gives the bank a capital gain so it increases the money supply and is "hidden" from the ATO. The same applies to...
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