Oral question asked in the House of Commons, by Vincent Cable (Liberal Democrat). It was answered on Tuesday, 15 December 2009 on behalf of the Treasury.
Remuneration Levels
- Question
- On the Government's proposal to tax banks' bonus remuneration, are the Government yet in a position to say which of the 192 regulated banks it will apply to; what the main exempted categories are, be they shares or contractual agreements; and, as it will take a long time to suss out the difficult avoidance possibilities, whether they have ruled out the possibility of extending the policy into the next financial year?
- Answer
-
I understand that the draft guidance has been published. The proposals that we have introduced are designed to bite on banking groups, but we remain open to the possibility of extending the legislation and the tax if the avoidance measures that some have talked about are put into practice.
Secondary information
- Type
- Oral question
- Reference
- 502 c786-7
- Session
- 2009-10
- Oral question type
- Supplementary
- Chamber / Committee
- House of Commons chamber
- Subjects
- Banks Pay Public sector
- Link
- View this Oral question on www.publications.parliament.uk
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- Timestamp
- 2023-12-01 15:15:04 +0000
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