We have updated our Terms of Use.
Please read our new Privacy Statement before continuing.

Taxing times

19 October 2009 By Hugo Dixon

The industry has enjoyed a windfall on the back of taxpayer support and is now proving extraordinarily insensitive in pushing ahead with plans for megabonuses. A windfall tax is normally a bad idea. But unless the banks rapidly get onmessage, it will be unavoidable.

This content is for Subscribers only

 

Email a friend

Please complete the form below.

Required fields *

*
*
*

(Separate multiple email addresses with commas)