Goldman Threatens UK With Spanish Move
The bonus tax spat notches up a gear as Goldmans threatens to move bankers to Spain. Up to 20% of its 5000 London-based staff may be moved over to the sun-drenched unemployment paradise according to the Independent: …the Wall Street investment bank, which paid more than £2bn to the Exchequer’s ailing coffers in corporation tax alone last year, has fired a warning shot across the Government’s bows in response to the tax measures unveiled in the pre-Budget report earlier this …
The bonus tax spat notches up a gear as Goldmans threatens to move bankers to Spain. Up to 20% of its 5000 London-based staff may be moved over to the sun-drenched unemployment paradise according to the Independent:
…the Wall Street investment bank, which paid more than £2bn to the Exchequer’s ailing coffers in corporation tax alone last year, has fired a warning shot across the Government’s bows in response to the tax measures unveiled in the pre-Budget report earlier this month.
A City source said: “Goldman could move a relatively large number of people if it wants to. Given how much Goldman and its staff contribute to the tax take, the firm has plenty of leverage. This is a bargaining position more than anything.”
The gloves off approach is a little at odds with Goldman’s recent smoothly-does-it PR approach but hey, whatever works.
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