Brits Put Whopping Tax on Bank Bonuses - HuffPoQuicklink submitted by Jason Paz Permalink
|listair Darling, the U.K.'s Chancellor of the Exchequer -- sort of like a Treasury Secretary, but with more pluck -- announced today that he will impose an immediate, one-time 50-percent tax on bonuses of more than 25,000 pounds (about $40,800). That's on top of regular income taxes. The New York Times calls it 'the most direct attack on bonuses anywhere in the world.'|
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