Wednesday, 9 December 2009


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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