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Monday, 14 January 2013

The bonus season fiasco

The BBC News website mentioned that Goldman-Sachs may be postponing their UK bonus pay-outs this year so that employees who qualify will only have to pay tax at 45% rather than 50%. I do not know if this is factually correct but I have strong views on this:
  • No company should be paying its employees average bonuses over £200k as I understand G-S did last year. Is this a correct figure? If correct, such payments look OBSCENE. Who needs this sort of money?
  • No company should be manipulating bonus payments for tax avoidance reasons.
See .

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