Tax On Bonus Payments To Bankers

EDM number 1847 in 2008-09, proposed by Richard Younger-Ross on 09/07/2009.
Categorised under the topics of Financial institutions and Pay.

That this House notes the continued payment of bonuses to bankers; recognises that in some circumstances a bonus may be justified but believes that the bonuses being paid are generally excessive; and therefore calls on the Government to limit bonus payments to bankers by applying a 90 per cent. tax on all bonus payments in excess of 15 per cent. of salary.

This motion has been signed by a total of 40 MPs.