Bankers: Give Us Our Money Back

C'mon!

Updated Apr. 25, 2017 11:23AM EDT / Published Dec. 10, 2009 12:58AM EST

London's bankers are threatening to quit the city following the British government's announcement that it will be taxing bonuses at 50 percent this year. “I can’t tell you how many people have called me from London asking to move,” one Wall Street banker told the Financial Times. “The question all the banks have now is: who the hell wants to be in the U.K.? Some businesses will definitely leave.” The new government plan, announced Wednesday, would leave the first $40,800 in bonus money tax-exempt. Added a British banking official, “Viewed from abroad, London may well look now like a significantly less attractive place to build a business.”

Read it at Financial Times

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Bankers: Give Us Our Money Back