Stephen Hestor renders to the lynch mob

CLAPTON

Pennywise wrote: »

And that's another example of the banker's greed. I think we can safely say it wouldn't have been going through the payroll on his payslip subject to normal tax and NIC! For a couple of decades, the Treasury has been ducking and diving trying to close the loopholes exploited by the banks to avoid paying tax and/or NIC on these massive bonuses. They were paid in gold bullion to avoid NIC, until Treasury stopped it, then they were paid in wine, until the Treasury stopped in, then some kind of foreign currency or derivative, etc. The Treasury were trying to hit a moving target for years and the bankers were putting their all into finding new schemes to avoid having to pay tax/nic. There is absolutely no way that the bankers have willingly and voluntarily paid the same tax/NIC that any normal worker would have paid on their bonuses. They've been dragged kicking and screaming into paying the "right" amount of tax/NIC! If it isn't bad enough that the bankers have been getting huge bonuses, it's a disgrace that they tried so hard to avoid paying the right tax/nic on their bonuses.

what you say is indeed true

however the whole ethos of this website is to reduce your tax /NI and maximise ones own advantage in any legal way.

Yes, I admit it, I do use my ISA allowance each year with a view to paying less tax.
And pay into a pension fund in the full knowledge that it reduces my NI and tax (salary sacrifice)

Graham_Devon

Rochdale_Pioneers wrote: »

Then the Chairman turns down his bonus which kind of makes that position an obvious lie quickly exposed.

Lie?

A board member voluntarily giving up their bonus is very different to imposed sanctions.

RBS made their position in any government influence very clear.

Trying to spin this as Cameron lying is a bit much.

Wookster

Graham_Devon wrote: »

Lie?

A board member voluntarily giving up their bonus is very different to imposed sanctions.

RBS made their position in any government influence very clear.

Trying to spin this as Cameron lying is a bit much.

That's Labour's message - blame the current government for the legacies they put in place while in power.

There is an anger emerging from the Labour party that is akin to that of the tea party. Its a style that defies rational thought & logic.