Boris Johnson hits out at bank tax
London Mayor calls bonus tax ‘ill-judged’ and ‘damaging’
London Mayor calls bonus tax ‘ill-judged’ and ‘damaging’
Boris Johnson has attacked the government’s plans to tax bank bonuses and
warned it risked damaging London’s competitiveness.
In a letter to chancellor Alistair Darling, the London mayor argued that the
move to tax bonuses over £25,000 at 50%, along with the raising of the top rate
of income tax to 50%, was “ill-judged”.
“You have made unilateral changes to taxation the risk damaging London’s
competitiveness and its status, alongside New York, as the world’s leading
financial services centre,” he wrote.
The
Telegraph reported that he has requested an urgent meeting with Darling
to discuss “the damage done to perceptions of London as a global financial
centre”.
More about:
The numbers you crunch tell a story. Your expertis...
14yEmbracing user-friendly AP systems can turn the tide, streamlining workflows, enhancing compliance, and opening doors to early payment discounts. Read...
View articleOrganisations can enhance their financial operations' efficiency, accuracy, and responsiveness by adopting platforms that offer them self-service cust...
View articleIn a world of instant results and automated workloads, the potential for AP to drive insights and transform results is enormous. But, if you’re still ...
View resourceDiscover how AP dashboards can transform your business by enhancing efficiency and accuracy in tracking key metrics, as revealed by the latest insight...
View articleGeroge Osborne and Alistair Darling will today warn that the Treasury would be forced to unveil an emergency Budget to fill £30bn black hole if UK vot...
View articleHMRC terminates bonus scheme used by major banks to avoid PAYE and NIC payments, and is now on the hunt for an additional £30m in avoided tax Read Mor...
View articleTax take from expat bankers and hedge fund managers rises Read More...
View articleBonuses held back to April, when the higher rate of income tax was cut to 45% Read More...
View articleAll British overseas territories with significant financial centres sign up to automatic tax disclosure deals Read More...
View articleLuxembourg will sign up to the EU Savings Directive, leaving Austria the last nation yet to sign Read More...
View articleWegelin, Switzerland's oldest private bank, is to close permanently after pleading guilty to helping Americans evade taxes through secret accounts Rea...
View articleData from law firm Pinsent Masons shows a 23% rise in taxes from foreign ex-pats over two years Read More...
View article