Guest 698- Registered: 28 May 2010
- Posts: 8,664
The more the banks pay in bonuses, the better off the taxpayer is.
I'm an optimist. But I'm an optimist who takes my raincoat - Harold Wilson
Keith Sansum1
- Location: london
- Registered: 25 Aug 2010
- Posts: 23,942
the millions of pounds of bonus's to one person?
ALL POSTS ARE MY OWN PERSONAL VIEWS
Brian Dixon
- Location: Dover
- Registered: 23 Sep 2008
- Posts: 23,940
the person earned it kieth,thats why its called a bonus.
Guest 698- Registered: 28 May 2010
- Posts: 8,664
£1m bonus: income tax £500k to the Exchequer.
Keep that money in the business: corporation tax £240k to the exchequer.
So the net gain to the exchequer for every £1m of bonus money is £260,000, or 26%.
Simples.
I'm an optimist. But I'm an optimist who takes my raincoat - Harold Wilson
Guest 710- Registered: 28 Feb 2011
- Posts: 6,950
" The Royal Bank of Scotland (RBS) is expected to reward top executives in its investment bank division with large bonuses despite the fact its investment banking division is struggling to make money and RBS is expected to cut staff levels by 5,000..."
What about the tax lost due to job cuts and the cost in unemployment benefit?
Simples?
http://www.myfinances.co.uk/investments/2012/01/10/rbs-set-to-continue-bonus-culture-amidst-5-000-job-lossesIgnorance is bliss, bliss is happiness, I am happy...to draw your attention to the possible connectivity in the foregoing.
howard mcsweeney1- Location: Dover
- Registered: 12 Mar 2008
- Posts: 62,352
Brian Dixon- Location: Dover
- Registered: 23 Sep 2008
- Posts: 23,940
i dont blame him at all,i would do so myself.rather that or be ripped off.
howard mcsweeney1- Location: Dover
- Registered: 12 Mar 2008
- Posts: 62,352
the last film i saw him in he was living in spain but i think they are planning to raise taxes.
Guest 714- Registered: 14 Apr 2011
- Posts: 2,594
Just because a bank lost money it doesn't mean individuals within the bank didn't make a profit on their own trading. If Keith, Brian and I all trade for RBS, Keith makes £20m, Brian and I both lose £20m the bank has lost £20m but Keith deserves a bonus for a job well done.
howard mcsweeney1- Location: Dover
- Registered: 12 Mar 2008
- Posts: 62,352
Keith Sansum1- Location: london
- Registered: 25 Aug 2010
- Posts: 23,942
sorry guys cant agree not while others suffer
ALL POSTS ARE MY OWN PERSONAL VIEWS
Guest 714- Registered: 14 Apr 2011
- Posts: 2,594
Cant agree with what?
Keith Sansum1- Location: london
- Registered: 25 Aug 2010
- Posts: 23,942
Although in 13th Century Philosopher Thomas Aquinas was unable to get his head round, a just price for any piece of work,
the present set up cannot be justified.
Bankers use market forces as a way of justifying big big bonus's.
The present crisis has been caused partly by the financial institutions, and there irresponsible decisions.
Yet they tell us time for remorse is over and we should be happy for them to recieve large bonus's again.
It makes little sense in motivational or financial terms.
The trouble with paying bonus's at the moment is that there achievements are less than exceptional.
Evidence show bonus's don't motivate.
Research shows bonus's dont work, dont produce the desired results for more complex activities.
Experiments show getting fnancial reward do worse at complex tasks than those without such rewards.
So, putting aside risk, Many banks make profit due to the Govt underwriting losses, when banks fail the govt stepped in
and the taxpayer paid, Many bankers were happy to milk the dosh before the crash, whilst at the same time misreading the risks.
and reporting big profits.
Bankers should take account of previous big losses in setting this years bonus's and reduce them significantly
Thats the polite version
ALL POSTS ARE MY OWN PERSONAL VIEWS
Guest 714- Registered: 14 Apr 2011
- Posts: 2,594
And who's words are they Keith?
And you still haven't said who you don't agree with
Keith Sansum1- Location: london
- Registered: 25 Aug 2010
- Posts: 23,942
you
as explained
ALL POSTS ARE MY OWN PERSONAL VIEWS
howard mcsweeney1- Location: Dover
- Registered: 12 Mar 2008
- Posts: 62,352
i'm lost completely here.
Jan Higgins
- Location: Dover
- Registered: 5 Jul 2010
- Posts: 13,883
David Little wrote:Just because a bank lost money it doesn't mean individuals within the bank didn't make a profit on their own trading. If Keith, Brian and I all trade for RBS, Keith makes £20m, Brian and I both lose £20m the bank has lost £20m but Keith deserves a bonus for a job well done.
I follow what you mean David but surely Brian and your good self should have got the sack for loosing all that lovely lolly.
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I try to be neutral and polite but it is hard and getting even more difficult at times.
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howard mcsweeney1- Location: Dover
- Registered: 12 Mar 2008
- Posts: 62,352
in other words keith is turning down his 20 million quid bonus, all falls into place now.
Guest 714- Registered: 14 Apr 2011
- Posts: 2,594
Exactly Howard, I'm really not sure Keith read what I wrote
howard mcsweeney1- Location: Dover
- Registered: 12 Mar 2008
- Posts: 62,352
no david, keith is just showing what a kind, caring, selfless socialist he is. the rest of us would have scarpered quicker than you could say top rate income tax.