Darling admits bonus supertax failed to work

first_img whatsapp Tags: NULL KCS-content More From Our Partners Killer drone ‘hunted down a human target’ without being told tonypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comMark Eaton, former NBA All-Star, dead at 64nypost.comBill Gates reportedly hoped Jeffrey Epstein would help him win a Nobelnypost.com‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.comWhy people are finding dryer sheets in their mailboxesnypost.com‘The Love Boat’ captain Gavin MacLeod dies at 90nypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.com Darling admits bonus supertax failed to work Share whatsapp FORMER chancellor Alistair Darling admitted yesterday that his controversial super-tax on bankers’ bonuses failed to change the industry. The Labour MP said banks had sidestepped the 50 per cent tax on bonuses over £25,000 to stay competitive. “I think it will be a one-off thing because, frankly, the very people you are after here are very good at getting out of these things and … will find all sorts of imaginative ways of avoiding it in the future,” Darling said at a conference sponsored by investment bank Nomura. “But what I wanted to do was send a message to them that we all live in the same world.”His admission comes after Credit Suisse announced a one-off “discretionary leadership award” for around 400 managing directors. Show Comments ▼ Wednesday 1 September 2010 8:50 pmlast_img read more