Deutsche Bank is planning to smooth out the effects of the government’s sting
on UK banking bonuses among its staff across the globe, claiming it would be
unfair to single out UK employees.
The banking industry has been up in arms about
clampdown which was announced in the pre-Budget report earlier this month.
Deutsche’s CEO Josef Ackermann told the
“If parts are paid out of the bonus pool we would seek to globalize it.
“It would be unfair to treat UK bankers differently.”
Introduced in 2013 to encourage R&D investment, the scheme allows UK businesses to pay only 10% corporation tax on profits derived from any UK or certain EU patents
Yet, KPMG’s annual survey shows that the UK is still an attractive place to do business, despite falling in rankings in tax competitiveness and FDI appeal
Following recent issues with HMRC’s personal tax computation software, Brian Palmer of the AAT questions whether the government’s implementation timeframe for Making Tax Digital is realistic
MTD cost estimates are not based on 'facts', and are 'disbelieved' by most small businesses and sole traders, says Lords committee chairman