UK Finance News

A report conducted by the Financial Times suggests that the Chancellor Alistair Darling could be well off the mark when predicting that the UK’s one off tax on bank bonuses would bring £550million in to the Treasury during this financial year.
Instead the Financial Times report says that the 50% tax levied on bonuses over £25,000 [...]

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France are to follow the lead outlined by the UK government in Alistair Darling’s recent pre-budget speech and introduce a special one off tax on banker’s bonuses for 2010.
French Finance minister Christine Legarde has said that a bill will be put before the French parliament in January that will commit tax bonus payments of over [...]

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Despite their differences of opinion on financial regulation, British PM Gordon Brown and French President Nicolas Sarkozy have united in an article published in the Wall Street Journal today, calling for a level playing field for taxing bonuses and restricting pay across the world.
In what is seen as an open attempt to lure US President [...]

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The shadow chancellor George Osborne was greeted with howls of derision today as he called upon the UK’s high street banks to clampdown on big bonuses and instead to make the cash available to businesses to help people keep their jobs.
Osborne said he was talking about “emergency measures this Christmas” when he made the statement, [...]

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The Financial Services Authority (FSA) say that under a proposed  new scheme, some of the fines that it hands out for breach of market regulations could treble in size, if the proposals are adopted for regulation in 2010.
The new approach is designed to permanently change the behaviour of those who breach market rules by imposing [...]

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