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Bonus Tax

Banks Still Adding Jobs In London, Despite Taxes

Bloomberg | Simon Clark, Ambereen Choudhury and Gavin Finch | Posted 05.25.2011 | Home

Investment banks in Europe's financial capital are adding jobs, helping to bolster headcounts at law and accounting firms across London, as the rest o...

What Exodus? Financiers Coming Back To London Despite Taxes

CNBC | Posted 05.25.2011 | Home

Speculation has swirled in recent months about a looming exodus from the City to less regulated business districts in Switzerland and Asia, particular...

U.K. Official: Tax On Bankers Bonuses FAILED

Telegraph | Amy Wilson | Posted 05.25.2011 | Home

The Labour politician said the tax was likely to be a "one-off" and won't be reinstated by the Coalition, because it had failed to change behaviour in...

Bloomberg's Federal/State Priorities Don't Include Preventing Devastating City Cuts?

Amy Traub | Posted 05.25.2011 | New York
Amy Traub

Apparently helping New York retain its most critical public services is not among the "easy-to-reference issues" political donors should consider "when political candidates are calling for contributions."

It's Alive! (A Wall Street Bonus Tax, that is)

Ben Protess | Posted 05.25.2011 | Home
Ben Protess

Remember that Wall Street bonus tax that a couple Senate Democrats unsuccessfully floated this month? It's not dead yet. As we recently reported, the...

Another Wall Street Bonus Tax Falters In Congress

Huffington Post Investigative Fund | Ben Protess | Posted 05.25.2011 | Home

Few topics have generated as much political heat between Main Street and Wall Street as the billions of dollars in bonuses handed out at financial com...

London Banker Bonuses, Salaries surge

Reuters | Posted 05.25.2011 | Home

LONDON (Reuters) - Bankers in London have received average bonus increases of 40 percent this year and most have also received a jump in base salary, ...

Daniel Gross: Big-Five Investment Banks: When Deserve the Public's Scrutiny | Daniel Gross | Posted 05.25.2011 | Home

But if the banks want us out of their business, they should get out of our business first. We've (barely) lived through a 40-year period in which inve...

On the great bonus debate

Robert Teitelman | Posted 05.25.2011 | Home
Robert Teitelman

Every once in a while something occurs that suggests you're just talking to yourself. Last week I spoke briefly to radio's Marketplace about a short p...

Jamie Dimon Reportedly Entreated British Politician To Reconsider U.K. Bonus Tax | Elizabeth Hester | Posted 05.25.2011 | Home

Dec. 28 (Bloomberg) -- JPMorgan Chase & Co. Chief Executive Officer Jamie Dimon told U.K. Chancellor of the Exchequer Alistair Darling that his 50 per...

Deutsche Bank: U.K. Bonus Tax To Be Plans to Spread Costs of Globally | Aaron Kirchfeld | Posted 05.25.2011 | Home

Dec. 18 (Bloomberg) -- Deutsche Bank AG, Germany's biggest bank, plans to spread the costs of the U.K. bonus tax to all employees worldwide, risking a...

Goldman Sachs' London teams could quit the City over taxes and regulations

Telegraph | Helia Ebrahimi, Senior City Correspondent | Posted 05.25.2011 | Home

The bank is understood to be considering its options in the wake of the UK's windfall tax on bankers' bonuses, a new 50pc top income tax rate, and inc...

Tullett Preborn To Help Employees Relocate To Avoid UK Bonus Tax

Posted 05.25.2011 | Home

Tullett Prebon, a London-based inter-dealer broker described as one of the City's biggest trading firms, will help employees relocate to avoid the Uni...

Sam Stein

Geithner Won't Endorse Bonus Tax Bill, Says Right Balance Will Be Found | Sam Stein | Posted 05.25.2011 | Home

Treasury Secretary Timothy Geithner refused to endorse a congressional effort to heavily tax bonuses issued by TARP recipients, saying that the govern...

Sam Stein

VP Economic Adviser: Bonus Tax 'May Be Dangerous' | Sam Stein | Posted 05.25.2011 | Home

Jared Bernstein, chief economic adviser to the vice president, offered on Sunday the strongest White House pushback yet to the bonus tax bill passed b...

Wall Street CEOs Push Back On Bonus Tax: "Terribly Unfair"

Wall Street Journal | JOE BEL BRUNO and MATTHIAS RIEKER | Posted 05.25.2011 | Home

The chief executives of the nation's three largest banks on Friday pushed back against legislation that would heavily tax Wall Street bonuses. Citigr...

Billions In Merrill Lynch Bonuses Would Elude Tax

NY Times | LOUISE STORY | Posted 05.25.2011 | Home

Merrill Lynch's $3.6 billion bonus pool has been among the most controversial payouts on Wall Street. But most of those bonuses, which included some 7...

Sam Stein

Congressman Claims 'Sphincters Are Tightening' As AIG Debate Turns Anatomical | Sam Stein | Posted 05.25.2011 | Home

The debate over what the White House and Congress should do about AIG's bonuses has turned...anatomical. Appearing on the floor of the House of Repr...

Proposed Bonus Tax May Imperil Bailout

Washington Post | Shailagh Murray, Paul Kane and David Cho | Posted 05.25.2011 | Home

Congress moved yesterday to levy punitive taxes on bonuses paid by financial firms receiving government aid, threatening to undermine federal efforts ...

A Disturbing D.C. Whodunit [Update II]

Arianna Huffington | Posted 05.25.2011 | Home
Arianna Huffington

The mystery over who killed a provision in the stimulus package that would have curtailed bonuses at bailed out companies is a disturbing D.C. whodunit. But even more disturbing is what it reveals about how our government is run.

Sam Stein

Congress, White House Pointing Fingers Over Who Killed Bonus Provision | Sam Stein | Posted 05.25.2011 | Home

The question of who killed a provision that could have reined in lavish bonuses issued by bailout recipients remains a mystery, with key players eithe...

Ryan Grim

House Passes Bill Taxing AIG Bonuses, Republicans Switch Votes In Droves | Ryan Grim | Posted 05.25.2011 | Home

The House overwhelmingly passed legislation on Thursday to tax bonuses paid out by AIG and other bailed-out firms at a rate of 90 percent. "We want ou...

Sam Stein

Wyden: My Bill Could Have Prevented AIG Mess | Sam Stein | Posted 05.25.2011 | Home

Additional reporting by Arthur Delaney Senator Ron Wyden said on Tuesday that the furor surrounding AIG's bonus payments could have been avoided had...