Bankers ‘Let Down’ as Tax Makes London Most Expensive (Update1)
Jan. 14 (Bloomberg) -- The U.K. government’s decision to raise the top rate of income tax will leave residents earning more than 1 million pounds ($1.6 million) a year worse off than they would be in any of the world’s other major financial centers.
“People feel let down,” Nick Bacon, a London-based financial services tax partner at accounting firm KPMG, said in a telephone interview. “They thought that the U.K. could always be relied on as being tax-friendly.”
I guess that only diamonds are forever. "Oh, the (in)humanity!"
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