TaxCorporate TaxObama ponders bank tax options

Obama ponders bank tax options

US president considers how to tax banks

Barack Obama is mulling over a taxing on US banks, following the government’s
financial support for them.

The US president is considering his options around a tax on banks as Wall
Street institutions line up a round of bonuses.

However he is not expected to look at a banking bonus tax, and a tax on
financial transactions is unlikely.

Instead, he may opt for increasing corporation tax, a tax on the size of the
firm’s balance sheet or a slice of their overall payroll, reports the Daily
Mail.

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