Former chancellor Alistair Darling has admitted that the tax on bankers’
bonuses he introduced failed as City financiers devised “imaginative” ways to
work around the rules.
Speaking at a financial services conference, Darling said the tax was
unlikely to be reinstated by the current government as “the very people you are
after here are very good at getting out of these sorts fo things” reports the
The 50% tax on bonuses over £25,000 had also failed to change the behavior of
the industry over pay, he admitted.
Taxman lines up early exit from doomed Concentrix tax credits deal, as HMRC faces intense scrutiny from MPs
Does Darwin's theory apply to taxation? Colin ponders...
The EC has been instructed to draft a European Union (EU) directive authorising an EU financial transaction tax, which would apply to ten of the EU’s 28 member states
Crowe Clark Whitehill , the top 20 accountancy firm, has announced the promotion of Chris Mould to partner