Economy

Ghost Dog

(16,881 posts)

33. Finance Sector Paid $98 Billion in UK Taxes in 2011: Report

Fri Dec 16, 2011, 09:05 AM

Dec 2011

The financial services sector contributed an estimated 63 billion pounds in taxes this year, up 18 percent, PricewaterhouseCoopers (PwC) said in a report for the City of London Corporation...

...The one-off bank payroll tax, charged on 2009 bonuses, was paid in this year, totalling 3.4 billion pounds. However, the bank levy was introduced after the study period closed, and the VAT rise to 20 percent did not take full effect in the period...

... "At a time when the City's value is being questioned, both in the UK and in Europe, these figures highlight the huge fiscal contribution it continues to make, even in this extremely challenging economic environment," said Stuart Fraser, policy chairman for the City of London Corporation...

... Earlier this week, official figures showed that the number of Britons out of work had risen in October to the highest level in more than 17 years.

/... http://www.cnbc.com//id/45693738

... And, that would be in relation to what level of profits before-and-after bonus payouts? (not counting those UK sectors even further offshore than the mainland, that is)?

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STOCK MARKET WATCH, Friday, December 16, 2011 [View all] Hugin Dec 2011 OP

Okay, here's the downside of me doing this. Hugin Dec 2011 #1

excellent n/t Po_d Mainiac Dec 2011 #2

Yes, I can do that mid-morning here tomorrow. Ghost Dog Dec 2011 #5

Please, excuse my lack of perceptiveness... Hugin Dec 2011 #87

This is what my firewall/site analyzer shows me, that's all. Ghost Dog Dec 2011 #92

... Hugin Dec 2011 #103

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Sorry about that. Hugin Dec 2011 #4

I suggest adding a link back to each previous day's thread, Ghost Dog Dec 2011 #6

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There would be a link missing above, no, Demeter? Ghost Dog Dec 2011 #62

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"Assistance to Europe", of course, should read "assistance to certain European banks", Ghost Dog Dec 2011 #66

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I jinxed them! (either that or it was Fitch's release >>>>> Roland99 Dec 2011 #83

I just hope things last a little longer...... AnneD Dec 2011 #93

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... xchrom Dec 2011 #88

.... Po_d Mainiac Dec 2011 #96

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