Wednesday, 16 January 2013

Dodgy bankers

Goldman Sachs has abandoned a plan which would have allowed bankers to benefit from a cut in the top rate of income tax by delaying UK bonus payments until after the new UK tax year.

The idea – first reported by the Financial Times on Sunday – would have seen the payment of the deferred portion of Goldman’s UK bonuses from the last three years delayed from February until early April, potentially saving bankers tens of millions of pounds in tax.

Maybe we are now starting to topple the big guys, or is it just a phase?

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