Compass has published a report on banking with the above title. It’s proposals are:
Policy 1: Making the bankers’ bonus windfall tax permanent
Policy 2: Extending the scope of the banker’s bonus windfall tax
Policy 3: Remuneration caps
Policy 4: Financial transactions tax
Policy 5: Separation of retail and investment banks
Policy 6: High Pay Commission
All of which make sense, although I prefer broader taxes on high pay as a means of addressing bonuses than one addressed just at banking.
Thanks for reading this post.
You can share this post on social media of your choice by clicking these icons:
There are links to this blog's glossary in the above post that explain technical terms used in it. Follow them for more explanations.
You can subscribe to this blog's daily email here.
And if you would like to support this blog you can, here:
Buy me a coffee!
