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Call for a 90% tax on banker bonuses

Jim Riley

14th July 2009

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There have been renewed calls for a 90% tax on bank bonuses. City banks appear to be reintroducing huge payouts for staff with Goldman and Sachs paying an average of £400,000 in pay and bonuses. I am going to split my class in two and have one side argue the benefits of this tax with the other looking at the costs. To improve discussion I will put the following words on the board.

Progressive tax Brain drain Direct Tax Redistribution of income

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Jim Riley

Jim co-founded tutor2u alongside his twin brother Geoff! Jim is a well-known Business writer and presenter as well as being one of the UK's leading educational technology entrepreneurs.

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