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Supertax to claw back bankers' huge bonuses

Publié par Clifford Armion le 12/07/2009

Francis Elliott and Patrick Hosking

"Alistair Darling is preparing to introduce a punitive new tax on bankers' bonuses in a Pre-Budget Report that will draw the battle lines for the next general election.

"The Chancellor is expected to argue that, because billions of pounds of public cash was used to bail out the financial sector, taxpayers have a right to a larger share of bankers' payouts.

"Accountants expressed doubts over the practicality of such a tax, claiming that it could breach human rights.

"Yesterday Mr Darling said that voters would expect the broadest shoulders to bear the greatest burden when it came to restoring the public finances. Although final details have yet to be agreed, it is understood that he has bowed to pressure from Gordon Brown and is considering a supertax on individual bankers who receive bonuses over a certain level."

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Pour citer cette ressource :

"Supertax to claw back bankers' huge bonuses", La Clé des Langues [en ligne], Lyon, ENS de LYON/DGESCO (ISSN 2107-7029), juillet 2009. Consulté le 16/05/2021. URL: http://cle.ens-lyon.fr/anglais/archives/archives-revue-de-presse/supertax-to-claw-back-bankers-huge-bonuses