Bankers’ bonus tax hits first hurdle

EurActiv reports that Franco-British plans to introduce a one-off supertax on bankers' bonuses hit a snag December 2009 when the asset management sector won exemption from a draft UK law after threatening to leave the country. A related European law could face similar difficulties.

• Primary Source

ESO: Background information: Commission proposes further revision of banking regulation to strengthen rules on bank capital and on remuneration in the banking sector http://www.europeansources.info/record/press-release-commission-proposes-further-revision-of-banking-regulation-to-strengthen-rules-on-bank-capital-and-on-remuneration-in-the-banking-sector/

ESO: Background information: Bank capital rules face overhaul http://www.europeansources.info/record/bank-capital-rules-face-overhaul/

ESO: Background information: France to impose tax on bank bonuses http://www.europeansources.info/record/france-to-impose-tax-on-bank-bonuses-entente-fiscale/

European Commission: DG Internal Market and Services: Banking: Regulatory capital http://ec.europa.eu/internal_market/bank/regcapital/index_en.htm

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