Thursday, December 09, 2010

Ireland Proposes 90% Bank Bonus Tax

Irish Finance Minister Brian Lenihan said on Thursday he would impose a 90 per cent tax on bankers’ bonuses, in a move to try to silence critics who have said the banking sector drove Ireland into the ground.

“As far as the future is concerned I do propose to introduce the amendment to the finance bill to put this matter beyond any doubt and provide a high rate, a 90 per cent rate of charge on any ... bankers’ bonuses,” Mr. Lenihan told local radio.

On using bank bailouts to pay banker's bonuses:

“Let me make this clear, they’re entitled to be paid it, we’re entitled to tax it,” Fine Gael deputy leader James Reilly.

Posted via email from liberalsarecool.com

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