The Financial Times quotes Jeremy Cape on bankers' bonus tax
12 December 2009
Jeremy Cape spoke to
the Financial Times' Personal Finance Editor Matthew
Vincent and was quoted in an article on the Pre-Budget Report's 50 per cent tax
rate on bankers' bonuses.
The piece describes the range of
roles in the financial services industry that, under the report's
definition, could be included, and reviews the anti-avoidance
measures.
"Employers may, therefore, be able to
award salary rises instead of bonuses, and backdate them. 'I think
that is where the wriggle room is: "the excluded remuneration" -
there is scope on salaries,' said Jeremy Cape, tax partner at
Denton Wilde Sapte."
To view the article on the Financial
Times website, please click
here.