The bankers’ bonus tax will drive some financial institutions to seek legal
advice on whether they can duck the tax by claiming they are not banks.
While they don’t expect wide-scale litigation to counter the tax, some will
look to challenge the authorities if they are targeted.
There will be scope for the current provisions to be challenged,
Mishcon de Reya lawyer
Daniel Naftalin told the FT.
Ronnie Fox, founder of law firm
said he doubted whether the 50% tax on bank bonuses of more than £25,000 would
lead to challenges.
Report argues that the government must change the way it makes tax and budget decisions
Committee expresses concern about costs to businesses and April 2018 implementation date
Andrew Tyrie airs views on the Finance Bill, 'Making Tax Policy Better' report, and Brexit
Top 25 firm HW Fisher & Co has acquired London firm Rhodes & Rhodes