CHRISTMAS CITY BONUSES

Summary

That this House notes that city bonuses this Christmas are estimated to be £9 billion, with over 4,000 city workers receiving over £1 million each; further notes that the work of the Tax Justice Network that shows the UK tax gap is between £90 to £154 billion due to tax avoidance by wealthy individuals and companies; is disappointed that wealth inequality has continued to widen in the last decade; and therefore urges the Government to impose a windfall tax on city Christmas bonuses.

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Timeline

1. 19 December 2006

   Early Day Motion

   That this House notes that city bonuses this Christmas are estimated to be £9 billion, with over 4,000 city workers receiving over £1 million each; further notes that the work of the Tax Justice Network that shows the UK tax gap is between £90 to £154 billion due to tax avoidance by wealthy individuals and companies; is disappointed that wealth inequality has continued to widen in the last decade; and therefore urges the Government to impose a windfall tax on city Christmas bonuses.

   Source: Early Day Motion

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Sponsors

• John McDonnell · Labour · Primary sponsor

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