Mayor Johnson says top bankers fleeing from London over taxes
Thousands of high-earning bankers will flee London because of the Government's taxation policy, Mayor Boris Johnson has warned. He has written to Chancellor Alistair Darling asking for a meeting to discuss his introduction of a 50p income tax rate for top earners and a temporary 50% levy on banking bonuses over £25,000.
His call comes after US President Barack Obama said he would tax America's biggest banks to recoup the cost of the multi-billion dollar taxpayer bail-out. British companies are expected to be hit with a bill of £900m by Mr Obama, Sky sources say.
Mr Johnson, Mayor of London, says 9,000 bankers are planning to leave London because of the Government's tax policy. Several companies have told him they are rethinking plans to locate, grow or remain in London, including one financial institution where 1,600 staff have asked for reallocations out of the City and another which is considering moving up to 800.
Mr Johnson told the Chancellor: “I believe that the Government's current policy towards financial services is ill-judged.
”You have made unilateral changes to taxation that risk damaging London's competitiveness and its status, alongside New York, as the world's leading financial services centre.
“London becomes a less attractive destination for the globe-trotting, highly-skilled business men and women who can contribute greatly to our economy.
”By allowing this approach to continue, the Government is doing nothing more than fast-tracking the departure of this talent pool out of Britain and into the welcoming arms of our competitors such as New York and Singapore.“
As the Government comes under pressure from the Mayor to ease taxes, the Government is coming under pressure to follow Mr Obama's lead and levy a bail-out tax to help recover the £850bn spent propping up UK banks.
Labour MP John Mann said the new US tax had ”de-legitimized“ claims bankers will flee abroad to avoid levies in the UK. Mr Mann, who sits on the influential Commons Treasury Committee, said: ”I think it is an excellent plan and it opens up the possibility for the rest of the world - including this country - to do something similar”.
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the main problem is - the volumization- of British Banks.
think a country is about -- 1.9 trillions Euro GDP- which has only exportings like ..British Accented Speakers on foreign TV...Football Clubs..
but has -- 7 trillions £ assets(ed)--Banks
French and Germans inside of NATO structure ..
but there, too many kinds other weapons that they know or not ..
media lies”..They need the lies to exploit others..to stance.
NATO 's other all members( non Anglo-Saxons) have miserable conditions !
hurrah PAPUA NEW GUINEA ..hurrah PAPUA NEW GUINEA (likely).
my GDP (revenue) annualy is 250.000 $...I want to have a
*1 million$* Bank or Bank Share or Banking Accounts at Swiss..Luxembourg..Off Shore of course by tax exemptions ..
but they are voice out on the Anglo-Saxon yoked Media.. Why? ..becouse
they have no weighty Military Powers.
no any Democracy at here.all are the factotum of gay Pentagon.
TV s are directed by Anglo-Saxons as Owl said.
British and accented speakers do in all TV channels. all said are lie.
Britons in Papua New Guinea.
{( UQ) -United Queendom} together with US.
to us and proposed a barter with their a Fifth (5.) League Team.
We had expelled them.
there should be seized them step by step !!
( Britishland)
output ( assets) : 6.660 trillions £
direct investment : 1.050 trillions £
portfolio : 1.900 trillions £
debts : 1.220 trillions £
other : 3.600 trillions £
input ( liabilities) : 6.750 trillions £
direct investment : 0.680 trillion £
portfolio : 2.300 trillions £
debts : 1.600 trillions £
other : 3.700 trillions £
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