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Deutsche Bank to “globalise” bank bonus tax

Deutsche Bank will spread the 50 per cent tax on bank bonuses among staff around the world, according to reports in the Financial Times today.

Deutsche’s chief executive Josef Ackermanm said: “We will clearly globalise it. If parts [of the cost of the tax] are paid out of the bonus pool we would seek to globalise it. It would be unfair to treat the UK bankers differently.”

Banks have been threatening to move staff offshore in a bid to get round the tax since the Chancellor introduced it in the pre-Budget report last week.

According to the FT, a number of US banks are considering similar measures to Deutsche, sharing the effects of the tax among shareholders, UK and global employees.

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Comments

There are 2 comments at the moment, we would love to hear your opinion too.

  1. Typical Bank arrogance once again assuming theyare a different breed to the rest of us mere mortals

  2. Peter L.Griffiths 14th September 2010 at 3:31 pm

    The best way to tax bank bonuses is to add the bonuses on to the bank’s taxable profit.

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