This tax applies to bonuses of 25,000 pounds or higher and is a 50% tax. http://www.bloomberg.com/apps/news?pid=20601087&sid=aCSPV5jNFXqo&pos=1 This sounds like a good idea to me.
Peferect response. Lets hope Obama does the same. Bankers receive a salary for their work and a bonus based on revenues derived. In this case the revenues derived were not of their doing alone but was based in large part to the financing bailout by the governments. The bailout provided capital to invest and provided stability for it to be invested safely. without the bailout the revenues would not have been where they ended up. So...clearly the tax man deserves his cut on the bonus he was the supporting cast to create. Bankers ego's think they did this all themselves but they didn't. The repayment of bailout funds, with interest, was the base salary. tax on the bonus is the governments cut for the revenues they were a major player in creating. The only other option would be to have the banks calculate their bonus pool and give Uncle Sam half of it up front. Either way, the money should be the taxpayers bonus for suffering through the abuses of the banks.