So the guvment is to tax all British-trading banks a "one-off" 50% tax on bonuses is it?
A couple of questions:
What will stop banks from "paying" bonuses in a non-taxable manner? Which will lead to lower tax revenues
What right does a government have to dictate tax in a discriminary manner?
I know there is deep anger against bankers at the moment but governments should not have the right to dictate bonus policy of a privately-owned business. That is down to shareholders and management not a politician (and following troughgate the irony is huge).
Today could be the day that Labour's scorched-earth policy comes to fruition and I will remember the date for ever as it's my birthday...bastards!
Couldn't you have sent a card instead?
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