HSBC incurred a $367m payroll tax on bonuses in the UK and France.
The promise of the boost to Britain's depleted coffers has been made in recent days and is almost four times the £550m Alistair Darling has said he intends to raise through his payroll tax on bonuses.
While it has been subjected to some refinements by Revenue & Customs – including clarifying the definition of a "bank" – the government is determined to press on with the payroll tax on bonuses and made clear it intends to clamp down on any avoidance techniques, such as deferring payments beyond the tax year.
Other features include "autopilot" payroll and spot bonuses, as well as other employee-facing enhancements like self-onboarding, and visually informative pay stubs.
In combining a tax credit for new workers with a wage bonus for payroll expansion, the administration's proposal resembles elements from other recent proposals.
The grading system we used looks at the number of wins per player payroll (including all salaries, bonuses and benefits) relative to the rest of the NFL.
The sums that continue to be spent by Wall Street firms on payroll, payoffs and, most controversially, bonuses appear to bear no relation to the losses incurred by investors in the banks.
New York State should correct this imbalance by implementing a onetime 50percentt payroll tax on bankers' cash bonuses over $50,000, with the proceeds invested in protecting our heath care delivery system and children's education.
Our methodology for measuring the NFL's top general managers: won-lost record vs. payroll rank over the past three seasons, with bonus points awarded for playoff appearances, Super Bowl appearances and championships.
Taxpayers are furious.Hence the one-off 50% payroll tax at source on bank bonuses over £25,000 announced in the PBR.
