New Posts For Thread: 50% windfall tax on bonuses but it's really 10%, 'm missing the point?????https://community.betfair.com/chit_chat/go/thread/view/94038/23418918/50-windfall-tax-on-bonuses-but-its-really-10-m-missing-the-pointDon't the bankers normally pay tax on bonuses?If yes, then 50% would represent just an extra 10% because on normal occasion they would pay 40% tax on bonus.So it's really 10% tax extra.I'm wrong?I have worked in tax for more than 20 years, and this is going to be ludicrously easy to avoid. It will raise a pittance, and very likely to cost more to collect than it raises.https://community.betfair.com/chit_chat/go/thread/view/94038/23418918/50-windfall-tax-on-bonuses-but-its-really-10-m-missing-the-point?post_id=417635026#417635026I have worked in tax for more than 20 years, and this is going to be ludicrously easy to avoid. It will raise a pittance, and very likely to cost more to collect than it raises.Wed, 09 Dec 2009 13:15:25 -0600Jim Hensen, I think we're supposed to be with the illusion that every other Western Country is just doing fine except for the United Kingdomhttps://community.betfair.com/chit_chat/go/thread/view/94038/23418918/50-windfall-tax-on-bonuses-but-its-really-10-m-missing-the-point?post_id=417634966#417634966Jim Hensen, I think we're supposed to be with the illusion that every other Western Country is just doing fine except for the United KingdomWed, 09 Dec 2009 12:40:36 -0600sorry, my thanks goes to Jim Hensen, well written posthttps://community.betfair.com/chit_chat/go/thread/view/94038/23418918/50-windfall-tax-on-bonuses-but-its-really-10-m-missing-the-point?post_id=417634962#417634962sorry, my thanks goes to Jim Hensen, well written postWed, 09 Dec 2009 12:38:56 -0600all celebrities claim they'll leave their country when things don't go their way, does it make a difference? no, they think they are far bigger than they areappears same it happening for the bankers..."oooh! are you going to leave the country? good ohttps://community.betfair.com/chit_chat/go/thread/view/94038/23418918/50-windfall-tax-on-bonuses-but-its-really-10-m-missing-the-point?post_id=417634958#417634958all celebrities claim they'll leave their country when things don't go their way, does it make a difference? no, they think they are far bigger than they areappears same it happening for the bankers..."oooh! are you going to leave the country? good oWed, 09 Dec 2009 12:38:09 -0600the BEST 3 years ^^https://community.betfair.com/chit_chat/go/thread/view/94038/23418918/50-windfall-tax-on-bonuses-but-its-really-10-m-missing-the-point?post_id=417634950#417634950the BEST 3 years ^^Wed, 09 Dec 2009 12:33:51 -0600Being missed is the IMPACT of BIG bonuses on their Pensions !!Many schemes let one take the beat 3 years out of your last 10 to calculate your "Final Salary" on which your Pension is based ..A £5 million Bonus counts as pay ...so anyone within 10 yehttps://community.betfair.com/chit_chat/go/thread/view/94038/23418918/50-windfall-tax-on-bonuses-but-its-really-10-m-missing-the-point?post_id=417634946#417634946Being missed is the IMPACT of BIG bonuses on their Pensions !!Many schemes let one take the beat 3 years out of your last 10 to calculate your "Final Salary" on which your Pension is based ..A £5 million Bonus counts as pay ...so anyone within 10 yeWed, 09 Dec 2009 12:33:24 -0600their expensive accountants will find a way of evading it 1.01https://community.betfair.com/chit_chat/go/thread/view/94038/23418918/50-windfall-tax-on-bonuses-but-its-really-10-m-missing-the-point?post_id=417634610#417634610their expensive accountants will find a way of evading it 1.01Wed, 09 Dec 2009 11:18:40 -0600Wasn't these geniuses that brought the country down with their wreckless gambling.https://community.betfair.com/chit_chat/go/thread/view/94038/23418918/50-windfall-tax-on-bonuses-but-its-really-10-m-missing-the-point?post_id=417634578#417634578Wasn't these geniuses that brought the country down with their wreckless gambling.Wed, 09 Dec 2009 10:51:34 -0600most will be payed by other means, or deffered until after the election anyway.The bit that gets me is the counter argument that without bonuses these people would leave. Leave to go where exactly? To another bank that is also not paying bonuses?https://community.betfair.com/chit_chat/go/thread/view/94038/23418918/50-windfall-tax-on-bonuses-but-its-really-10-m-missing-the-point?post_id=417634574#417634574most will be payed by other means, or deffered until after the election anyway.The bit that gets me is the counter argument that without bonuses these people would leave. Leave to go where exactly? To another bank that is also not paying bonuses?Wed, 09 Dec 2009 10:49:18 -0600Gotcha!That makes sense.https://community.betfair.com/chit_chat/go/thread/view/94038/23418918/50-windfall-tax-on-bonuses-but-its-really-10-m-missing-the-point?post_id=417634570#417634570Gotcha!That makes sense.Wed, 09 Dec 2009 10:48:27 -0600