Wednesday, 9 December 2009

Darling to unveil bank bonus tax

Alistair Darling may unveil a 50% tax on bank bonuses above about £10,000 in the pre-Budget report, the BBC understands.

This strikes me as targeting the wrong people. From next year people earning over £150,000 will be paying 50% anyway so you're really only hitting relatively junior people in the banking sector who had very little to do with the situation we find ourselves in at the moment. If he really wanted to punish the bankers who recklessly invested their bank's money then they should look at the top earners on say £1m+, even then as a real money making exercise it would be a waste of time or even counter productive.

This is simply a publicity stunt designed to attract uninformed voters.

Thank god I work in insurance and not a bank. I pay far too much tax as it is.

1 comment:

  1. £25,000, still far too low. There's currently no official definition of 'banker' out there but unless i'm very lucky I shouldn't be affected anyway.