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August 30, 2007

Taxation and City Bonuses

Interesting number:

He said that the taxman tended to recoup around 50pc of bonus earnings in taxes and National Insurance, equating to as much as £7bn last year.

So what is it that everyone complains about?

August 30, 2007 | Permalink


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Because these profits are all due to the state sponsored protection racket known as the banking cartel!

Posted by: Jock | Aug 30, 2007 9:31:58 AM

Yes, that is exactly what people are complaining about. Strange old world, eh?

Posted by: Mark Wadsworth | Aug 30, 2007 9:50:37 AM

"So what is it that everyone complains about?"

That the remaining 50% is still a large number.

Posted by: Kay Tie | Aug 30, 2007 9:55:14 AM

that they aren't getting it

Posted by: MARK T | Aug 30, 2007 10:16:48 AM

"So what is it that everyone complains about?"

1. Banks' systematic abuse of the Unfair Terms in Consumer Contracts Regulations 1999; and
2. The prospect of the whole damn house of cards falling down because some greedy bastards wanted to sell half-million dollar mortgages to gardeners.

That's off the top of my head.

But then again, like Manuel, I know nothing.

Posted by: Martin | Aug 30, 2007 3:16:23 PM