News, analysis and personal reflections on the markets & the financial sector

Monday, December 21, 2009

Banks consider globalizing U.K. tax on bonuses

Major banks worldwide are considering whether to globalize the pain of the U.K.'s tax on bankers' bonuses by reducing their bonus pool. Deutsche Bank CEO Josef Ackermann already announced that he is looking into globalizing the tax. Other banks are considering how to deal with the tax but have not announced a plan.

No comments: