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10% tax on bank profits proposed
http://www.x404.co.uk/forum/viewtopic.php?f=19&t=4268		 Page 1 of 1
Author:  pcernie [ Tue Nov 17, 2009 1:39 am ]
Post subject:  10% tax on bank profits proposed
http://news.bbc.co.uk/1/hi/uk_politics/8363563.stm

Quote:
Treasury spokesman Vince Cable told the BBC that banks should have to pay the levy because their businesses have been underwritten by public funds.

The tax would raise some £2bn a year to help pay off the UK's deficit, he said.


Go on, Vince! :lol:
Author:  bobbdobbs [ Tue Nov 17, 2009 9:09 am ]
Post subject:  Re: 10% tax on bank profits proposed
Chances of that happening are zero and falling. Even if by some outlandish miracle and the lib dems got into power they wouldnt put it into practice.
Author:  pcernie [ Tue Nov 17, 2009 10:12 am ]
Post subject:  Re: 10% tax on bank profits proposed
bobbdobbs wrote:
Chances of that happening are zero and falling. Even if by some outlandish miracle and the lib dems got into power they wouldnt put it into practice.


Yip, that's it, it just feeds into many peoples' perception of the Lib Dems as a bunch of loopers :oops:
Author:  l3v1ck [ Tue Nov 17, 2009 10:42 am ]
Post subject:  Re: 10% tax on bank profits proposed
What about banks that didn't rely on public money? Why should those that didn't take insane risks have to pay more?
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