{"id":21614,"date":"2013-07-18T08:42:45","date_gmt":"2013-07-18T07:42:45","guid":{"rendered":"http:\/\/www.taxresearch.org.uk\/Blog\/?p=21614"},"modified":"2013-07-18T08:42:45","modified_gmt":"2013-07-18T07:42:45","slug":"the-banks-still-do-tax-avoidance","status":"publish","type":"post","link":"https:\/\/www.taxresearch.org.uk\/Blog\/2013\/07\/18\/the-banks-still-do-tax-avoidance\/","title":{"rendered":"The banks still do tax avoidance"},"content":{"rendered":"<p><a href=\"http:\/\/www.leftfootforward.org\/2013\/07\/yes-the-mega-rich-did-postpone-their-bonuses-to-avoid-50p-tax\/\" target=\"_blank\">Richard Exell of the TUC, writing for Left Foot Forward<\/a>, has produced some interesting stats based on yesterday's income data. One grabbed my attention, which was this chart:<\/p>\n<p style=\"text-align: center;\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter\" alt=\"\" src=\"http:\/\/www.leftfootforward.org\/images\/2013\/07\/Bonuses-2.png\" width=\"640\" height=\"418\" \/><\/p>\n<p style=\"text-align: left;\">Part of the earnings\u00a0spike\u00a0in April was bonuses. Now we can see why: it is very\u00a0obvious\u00a0that bankers' bonuses were delayed into April from last tax year. The explanation is an easy one: the tax rate was cut from 50% to 45% on 6 April. Those bonuses have now fallen back to a more 'normal' level.<\/p>\n<p style=\"text-align: left;\">Now given that the 50% tax rate only impacted those earning over \u00a3150,000 a year its easy to appreciate that the individual\u00a0sums\u00a0deferred were significant. This can only have happened with the banks' active cooperation as employers, of course.<\/p>\n<p style=\"text-align: left;\">The result is very clear evidence that the banks remain as committed to tax avoidance as ever.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Richard Exell of the TUC, writing for Left Foot Forward, has produced some interesting stats based on yesterday&#8217;s income data. One grabbed my attention, which<br \/><a class=\"moretag\" href=\"https:\/\/www.taxresearch.org.uk\/Blog\/2013\/07\/18\/the-banks-still-do-tax-avoidance\/\"><em> Read the full article&#8230;<\/em><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,10],"tags":[],"class_list":["post-21614","post","type-post","status-publish","format-standard","hentry","category-barclays","category-tax-avoidance"],"_links":{"self":[{"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/posts\/21614","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/comments?post=21614"}],"version-history":[{"count":0,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/posts\/21614\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/media?parent=21614"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/categories?post=21614"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/tags?post=21614"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}