{"id":190350,"date":"2009-12-07T21:06:00","date_gmt":"2009-12-08T02:06:00","guid":{"rendered":"https:\/\/www.panix.com\/~msaroff\/40years\/2009\/12\/07\/wishing-that-i-was-a-brit\/"},"modified":"2009-12-07T21:06:00","modified_gmt":"2009-12-08T02:06:00","slug":"wishing-that-i-was-a-brit","status":"publish","type":"post","link":"https:\/\/www.panix.com\/~msaroff\/40years\/2009\/12\/07\/wishing-that-i-was-a-brit\/","title":{"rendered":"Wishing That I Was a Brit"},"content":{"rendered":"<p>Chancellor of the Exchequer Alistair Darling <a href=\"http:\/\/www.guardian.co.uk\/uk\/2009\/dec\/07\/alistair-darling-shock-tax-bankers\">will be levying a tax on excessive bonuses<\/a>:<\/p>\n<blockquote style=\"color: rgb(0, 0, 153);\"><p>Alistair Darling will try to force a &#8220;permanent culture shift&#8221; in the City as he announces a one-off punitive super-tax of more than 50% on the bonuses of tens of thousands of bankers as the centrepiece of the pre-budget report.<\/p>\n<p>The chancellor intends his targeted, one-off levy as a clear message that the City has to &#8220;start living in the real world&#8221; as the financial sector prepares to lavish hefty payouts on its staff.<\/p>\n<p>The new super-tax rate will be aimed at any bonus above a fixed rate, rather than the basic salary of the employee. It is intended to hit many thousands of bankers, but low-paid staff in bank branches will be exempt.<\/p>\n<p>The tax will be set higher than the 50% income tax rate coming in from April for those earning more than \u00a3150,000 a year, sources indicate.<\/p><\/blockquote>\n<p>Needless to say, the bankers don&#8217;t like this, calling the measure, &#8220;populist, political and penal.&#8221;<\/p>\n<p>I think that they meant the statement as a condemnation, but I found it to be a complement, though I do like the alliteration.<\/p>\n<p>The details are not clear, but I would suggest something on the order of 93% of anything in excess of \u00a3400,000.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Chancellor of the Exchequer Alistair Darling will be levying a tax on excessive bonuses: Alistair Darling will try to force a &#8220;permanent culture shift&#8221; in the City as he announces a one-off punitive super-tax of more than 50% on the bonuses of tens of thousands of bankers as the centrepiece of the pre-budget report. The &hellip;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[984,1004,985,1019,983],"tags":[],"class_list":["post-190350","post","type-post","status-publish","format-standard","hentry","category-europe","category-finance","category-regulation","category-schadenfreude","category-taxes"],"_links":{"self":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts\/190350"}],"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=190350"}],"version-history":[{"count":0,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts\/190350\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/media?parent=190350"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/categories?post=190350"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/tags?post=190350"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}