TaxCorporate TaxRBS chief Stephen Hester says banks should pay higher taxes

RBS chief Stephen Hester says banks should pay higher taxes

Stephen Hester concedes there is a good case for banks paying higher taxes as financial institutions continue to be propped up by the government

The Royal Bank of Scotland’s most senior executive has admitted banks should
pay more in tax after being saved from the threat of collapse with government
bailouts.

Stephen Hester acknowleded that banking giants were still in the debt of
taxpayers as the UK government still held an 83% interest in
RBS,
the Daily Herald
reported.

“That there should be a bit of extra taxation seems to be pretty hard to
resist,” Hester said.

Further reading:

Milliband
turns on the banks

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