|
|
20 Mar 2009
US politicians are rushing through legislation that would hit bankers with a 90% tax on their bonuses.
The law going through Congress will affect any employees of any company that has received more than $5bn (£3.4bn) in money to rescue it. Any employee with a gross income of more than $250,000 who was paid a bonus this calendar year would face a 90% tax on it, reported the FT.
The bill is being pushed through after it was revealed that AIG has paid out $165m in bonuses, having received over $170bn of public money to rescue the insurance group.
Further reading:
Bonus culture: the real cost of bank FDs
You may also like
Search thousands of financial jobs:
Search thousands of financial jobs:
Careers
Search for jobs
Click to search our database of all the latest accountancy roles
Create a profile
Click to set up your profile and let the best recruiters find you
Jobs by email
Sign up to receive regular updates with the latest roles suitable for you
Briefings
By looking at the reasons supplier statements became unfashionable, and the reasons why it is different today, this paper delves into the many benefits that can be obtained by automating the process.
Having a real and true view of your organisation’s current financial position, and having the right systems and processes in place, will ensure that you can make strong choices and are ready to capitalise on opportunities
AccountancyAgeInsight is a frequently updated resource centre for finance professionals, offering a free and easy-to-use digital library of briefings, white papers and other information resources. 
Visitor comments Add your comment