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
HMRC compliance crackdown targets SMEs, resulting in £468m for year ending 31 March 2016
Report argues that the government must change the way it makes tax and budget decisions
Partner at Pinsent Masons says Serious Fraud Office has secured 'one of the top ten enforcement actions of all time'
Committee expresses concern about costs to businesses and April 2018 implementation date