Goldman weighs bonus delay to avoid UK taxes

By Staff | January 14, 2013 | Last updated on January 14, 2013
1 min read

Goldman Sachs is considering holding off on giving out bonuses in the UK until April 6, when the top income tax rate drops from 50% to 45%, the Financial Times reports.

“Pat McFadden, a Labour member of the Treasury select committee, said: ‘This [plan] makes a mockery of the government rhetoric on the 50p rate when the system is gamed by companies in this way,’” the report notes.

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Advisor.ca staff

Staff

The staff of Advisor.ca have been covering news for financial advisors since 1998.