Goldman Sachs Bonuses For UK Bankers Could Be Delayed Until Top Tax Rate Falls

How Goldman Is Helping Its Bankers Avoid Taxes
FILE - In a March 15, 2012 file photo, a trader works in the Goldman Sachs booth on the floor of the New York Stock Exchange. The Justice Department on Thursday, Aug. 9, 2012 said it won't prosecute Goldman Sachs or its employees in a financial fraud probe. (AP Photo/Richard Drew, File)
FILE - In a March 15, 2012 file photo, a trader works in the Goldman Sachs booth on the floor of the New York Stock Exchange. The Justice Department on Thursday, Aug. 9, 2012 said it won't prosecute Goldman Sachs or its employees in a financial fraud probe. (AP Photo/Richard Drew, File)

NEW YORK (Reuters) - Goldman Sachs Group Inc

The strategy relates to bonuses that were deferred from 2009, 2010 and 2011, the person said. The Financial Times reported the news earlier today.

Goldman recently brought forward payments of deferred stock to executives in the U.S. to 2012, in order to beat tax hikes implemented for top earners in 2013.

The investment bank made the payments weeks earlier than usual, disclosing about $65 million of stock awards to 10 executives including Chief Executive Lloyd Blankfein in filings with the U.S. Securities and Exchange Commission on the last day of December.

About 24 hours after the grants, the U.S. Congress agreed to raise the top tax rate for individuals with more than $400,000 in taxable income to 39.6 percent in 2013 from 35 percent last year, and to raise capital gains taxes.

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