Interesting Fact # 1264 - Money
According to the Financial Times £2.5bn gross (£1.5bn net)will be raised by the super-tax on bank bonuses in the UK.
(Of course bankers are furious at the 50 per cent super-tax. The first £25,000 of bonuses is exempt, so a lot of banks have reduced bonuses to this amount, with the "understanding" that employees will be "seen all right" later, when this annoying tax is out of the way. Personally I think the tax should stay in place until every penny of taxpayer's money that was used to bail out the banks has been paid back.)
(Of course bankers are furious at the 50 per cent super-tax. The first £25,000 of bonuses is exempt, so a lot of banks have reduced bonuses to this amount, with the "understanding" that employees will be "seen all right" later, when this annoying tax is out of the way. Personally I think the tax should stay in place until every penny of taxpayer's money that was used to bail out the banks has been paid back.)
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