15 January 2013

The scorpion and the frog

I don't blame Goldman Sachs - or at least not wholly.  It's in its nature after all:
The great vampire squid’s move to even consider delaying bonus payments to some of its staff just to save them a few quid in tax indicates that it continues to live in a separate world to the rest of us.
More than that, it lives in a world beyond even most other powerful banks. Early reports on the matter said that other large finance firms had wondered whether they should wait for the tax rate to drop from 50% to 45% before paying out bonuses and quickly decided that it would look bad.

No, it's Slasher Osborne who deserves the opprobrium.  First, for reducing income tax for the very rich; and second for giving the world a year's notice before putting it into effect.

No comments: