Bankers across the City are trying to change the terms of their pay deals to avoid Alistair Darling’s threatened bonus tax on their earnings.
Financiers are in frantic talks with their employers, having moved swiftly over the past few days to try to avoid punitive taxes on their bonuses.
The City is scared that Mr Darling will use today’s Pre-Budget Report to announce such a one-off levy. And high earners have rushed to make contingency plans with their employers, lawyers and accountants.'
Read more...
I am perplexed at the government's approach to the bankers. The banks were technically bankrupt, these bankers are crap and would all have lost their jobs without our money. See Bankers Bonuses.
ReplyDelete