Sunday, Dec 06, 2009

"We are not going to be held to ransom"

BBC: Banks 'face windfall bonuses tax'

The Treasury is preparing to levy a £1bn a year temporary windfall tax on British-based banks, BBC business editor Robert Peston has learned.

Posted by devo @ 07:43 PM (1621 views)
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7 Comments

1. paul said...

About time too. Its a rare occurrence, but just occasionally they can do something right.

Sunday, December 6, 2009 07:54PM Report Comment
 

2. markj69 str05 said...

@paul... You're too optimistic. No matter what they do, it won't be nearly enough, it will then be watered down to a pathetic gesture. And even then the Bw@nkers will find loop-holes all over the place.

Sunday, December 6, 2009 08:08PM Report Comment
 

3. markj69 str05 said...

The only real way of sending a message to these people is by walking. If everyone decided to take their money out of the bank (Let's just pick on RBS for now), I wonder what would happen then.

OK the gov't have guaranteed protection for savers if banks going bust, so no-one feels the need to withdraw. But why not withdraw from RBS just to send teh message. Lets face it the gov't arn't going to get it through to them. And retrospective legislation isn't likely to happen. So 'stable door' syndrome again.

Sunday, December 6, 2009 08:13PM Report Comment
 

4. crunchy said...

3. markj69 str05 said... 'But why not withdraw from RBS just to send teh message. Lets face it the gov't arn't going to get it through to them. And retrospective legislation isn't likely to happen. So 'stable door' syndrome again.'

Lazy money first, morality second unfortunately. How about a 100% tax to get around these bonus contracts.

Sunday, December 6, 2009 08:50PM Report Comment
 

5. markj69 str05 said...

100% tax on any bonus' paid from today - OK, i'd go for that.

But I still have no faith. The legislation will be too little too late. Oxbridge friends and the like will time it to perfection. Bonus's paid, then legislation agreed.

Sunday, December 6, 2009 09:35PM Report Comment
 

6. doahh said...

I think that this will simply be passed on to the banks customers with the bank adding a little extra on top as a nice profit for the 'service' that they are providing.

Monday, December 7, 2009 04:21AM Report Comment
 

7. mountain goat said...

Political nonsense. Labour bailed out these dead business' for £850 billion now trying to rescue their reputation by taxing them for £1bn. Banks told to squeal loudly to act like this hurts.

Monday, December 7, 2009 09:10AM Report Comment
 

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