Bankers face bonus tax

| 10/12/2009

(AP): British Treasury chief Alistair Darling has announced a one-off tax on bankers’ bonuses. The 50-percent tax unveiled in the government’s pre-budget report on Tuesday will be levied on 2009 bonuses of more than 25,000 pounds ($40,800). The charge will be imposed on the pool of bonuses, rather than individual payments. It will be paid by banks — not the employee. The government has sharply criticized bonuses paid to bankers — especially those paid by companies saved from collapse by taxpayers’ money — and the measure is likely to prove popular with the general public.

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Category: Business

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