{"id":190239,"date":"2009-12-18T17:16:00","date_gmt":"2009-12-18T22:16:00","guid":{"rendered":"https:\/\/www.panix.com\/~msaroff\/40years\/2009\/12\/18\/bankers-offer-to-overpay-on-uk-bonus-tax\/"},"modified":"2009-12-18T17:16:00","modified_gmt":"2009-12-18T22:16:00","slug":"bankers-offer-to-overpay-on-uk-bonus-tax","status":"publish","type":"post","link":"https:\/\/www.panix.com\/~msaroff\/40years\/2009\/12\/18\/bankers-offer-to-overpay-on-uk-bonus-tax\/","title":{"rendered":"Bankers Offer to Overpay on UK Bonus Tax"},"content":{"rendered":"<p>No, really, <a href=\"http:\/\/www.guardian.co.uk\/business\/2009\/dec\/17\/bankers-voluntary-contributions-bonus-tax\">I am completely serious<\/a>:<\/p>\n<blockquote><p><span style=\"color: rgb(0, 0, 153);\">Some of the most senior bankers in Britain are planning to convince the Treasury to drop the new 50% tax on bonuses by dangling the prospect of a combined contribution to the exchequer of \u00a32bn.<\/span>  <span style=\"color: rgb(0, 0, 153);\">The promise of the boost to Britain&#8217;s depleted coffers has been made in recent days and is almost <span style=\"font-weight: bold;\">four times the \u00a3550m<\/span> Alistair Darling has said he intends to raise through his payroll tax on bonuses.<\/span>  <span style=\"color: rgb(0, 0, 153);\">The Chancellor has been met with anger in the City since he announced the one-off tax in his pre-budget report last week and been warned of a mass exodus of high-flying bankers to countries with a less punitive tax regime<\/span>.<\/p><\/blockquote>\n<p>(<span style=\"font-style: italic;\">emphasis mine<\/span>)<\/p>\n<p>I don&#8217;t know what is going on here, but when Britain&#8217;s own little vampire squids wrapped around the face of humanity,<sup>*<\/sup> decide that it&#8217;s time to overpay their taxes by a factor of 4, something <span style=\"font-weight: bold;\">very<\/span> hinky going on.<\/p>\n<p>Somewhere in these bonus pools that Chancellor Darling wants to tax is something bad&#8230;.Something Really, <span style=\"font-variant: small-caps;\">Really, <span style=\"font-weight: bold;\">Really, <span style=\"font-size:180%;\">Really<\/span><\/span><\/span> bad.<\/p>\n<p>We are talking something murder-for-hire and laundering drug money through child prostitutes bad.  Something is rotten in the <del>Street<\/del> City,<sup>\u2020<\/sup> and they, whoever exactly <span style=\"font-weight: bold;\">they<\/span> are, very badly want it covered up.<\/p>\n<p><sup>*<\/sup><span style=\"font-size:78%;\">Alas, I cannot claim credit for this bon mot, it was coined by the great Matt Taibbi, in his article on the <\/span><span style=\"text-decoration: line-through;font-size:78%;\" >massive criminal conspiracy<\/span><span style=\"font-size:78%;\"> investment firm Goldman Sachs, <\/span><a href=\"http:\/\/www.rollingstone.com\/politics\/story\/28816321\/the_great_american_bubble_machine\"><span style=\"font-style: italic;font-size:78%;\" >The Great American Bubble Machine<\/span><\/a><span style=\"font-size:78%;\">.<\/span><br \/><sup>\u2020<\/sup><span style=\"font-size:78%;\">The UK equivalent of Wall Street.  Corrected my error on edit.<br \/><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>No, really, I am completely serious: Some of the most senior bankers in Britain are planning to convince the Treasury to drop the new 50% tax on bonuses by dangling the prospect of a combined contribution to the exchequer of \u00a32bn. The promise of the boost to Britain&#8217;s depleted coffers has been made in recent &hellip;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[984,1004,985,983,1015],"tags":[],"class_list":["post-190239","post","type-post","status-publish","format-standard","hentry","category-europe","category-finance","category-regulation","category-taxes","category-weird"],"_links":{"self":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts\/190239"}],"collection":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/comments?post=190239"}],"version-history":[{"count":0,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts\/190239\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/media?parent=190239"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/categories?post=190239"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/tags?post=190239"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}