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MP Wants Tax On Bank Bonuses

Monday April 7 2014

Dan Jarvis MP Dan Jarvis MP

A TAX on bank bonuses should be introduced to fund jobs for young people in Barnsley, according to MP Dan Jarvis.

Under Labour's Compulsory Jobs Guarantee, every young person out of work in Barnsley for more than 12 months will be given a paid starter job which they will have to take up or face losing benefits.

If it was introduced today, over 150 young people would benefit in the MP's Barnsley Central constituency.

Mr Jarvis said: "I know from talking to my constituents that youth unemployment is a big problem in our town.

"Most young people affected want to get off benefits and into work. This would give them the chance to make that move and start planning properly for their future.”

What do you think to this? Have your say below.

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19 Showing 19 comments

Reply Posted by rainbow on Monday April 7 2014 at 16:03
Good idea Dan, also why not a tax on the profits of MP's second homes payed for out of their expenses.????

Reply Posted by Is it me on Monday April 7 2014 at 16:34
Dont banker already get taxed on their bonuses?

Reply Posted by guy fawkes on Monday April 7 2014 at 18:16
lets be honnest how many of us believe one word an mp says ,they practice on how not to answer a question to me its one of the best private members club in the world cheap beer smoking in the bar paid second homes a few have been caught fiddling the expences no wonder young people dont vote there balled of with the crap blind pugh can see what this country needs tighter immigration lets make something lets build houses lets make the tax dodging millionaires pay what they should lets invest in education make the nhs a happier place to work in it goes on and on.

Reply Posted by Alex on Monday April 7 2014 at 18:23
Tax them? that's a joke! All that will do, is generate more revenue for the government. Do they think we are all mad? What happened to stopping bonuses altogether?

Reply Posted by True Try on Monday April 7 2014 at 18:37
If you think that will make up for what they have done for the misery they have caused you are sadly mistaken most deserve a prison sentence and there bonus taken off them never in history have so few brought this country to its knees the banks need to be broken up

Reply Posted by Fred on Tuesday April 8 2014 at 08:52
Hey up here we're go again,

The looney left of WABarnsley at it again,
I would hope you would have had enough common sense and experience to realise that all politians are liars and in it for them selves, do you think DJ gives a flying fig about Barnsley ! But hey any band wagon and your jumping on head first regardless of consequences!

Reply Posted by STEVEO on Tuesday April 8 2014 at 10:04
Again, not often this happens but TOTALLY AGREE Fred!

Reply Posted by Ray on Tuesday April 8 2014 at 16:12
Surprisingly comments are allowed on WABs red political broadcast Nicky or Josh must have forgotten to switch them off. "Good Morning WABERs, we like labour because they are red like our website - what colour do you like remember you have to vote on your favourite colour in election time"

We are no longer allowed to comment on Duggy Dugher anymore who follows the same rhetoric as cross eyed Ed Balls in that he talks complete and utter b****cks to get column inches thus making Cameron and Osborne look like geniuses, he gets an article on here a week, last weeks was a beauty in that he managed to do left and right in a couple of days!

MPS are enjoying their 12% payrises, as they tell other public sector workers theirs is frozen for another year. and old maria is sorry she had to apologise for yet another expense and tax dodge from the politicos whilst her colleague Michael Gauke tells us plebs it is morally wrong to pay cash in hand.

London, the worlds biggest cesspit of corruption.

Reply Posted by ? on Tuesday April 8 2014 at 11:40
I didn't know bank bonuses weren't taxed?

The bonus I get at work is ALWAYS taxed, this need's to be changed ASAP.

Reply Posted by Red Optimist on Tuesday April 8 2014 at 12:35
Of course any bonus received by any banker is taxed. Just like any bonus which you or I would receive.

Reply Posted by Ray on Tuesday April 8 2014 at 16:17
Nope. most investment bankers are not on PAYE so therefore manage to avoid a lot of tax and NI by going down the self employed route. They use the same loopholes that a lot of BBC workers did and got exposed for recently - who do you think they got the ideas to do this from?

Reply Posted by guy fawkes on Tuesday April 8 2014 at 18:11
what about the bankers who pay accountants to make sure they dont pay what they should pay open thee eyes kid and smell the aroma of tax evasion.

Reply Posted by Fred on Tuesday April 8 2014 at 20:43
@guy Fawkes

Some extremely naive peple on here, employing an accountant is not tax evasion all accountants are legally obliged to inform HMRC of anyone trying to evade tax. Tax avoidance is a very different to tax evasion !
What this/all governments need to do is ensure the mega corporations, Vodafone, Amazon, Starbucks, Google etc, pay the ! owed in taxes and do not allow them to decide what to £
Ask any Greek why they are in such a mess, mass corporate tax evasion.

It is not a crime for some people to earn big money as long as they pay their dues and demands ! 50% tax bracket is hardly tax evasion ! If we tax all the high earners out of the country in to lower tax regimes our economy will crumble. We need high earners, we need entrepreneurs, we need middle management, we need minimum wage earners, the economy of our country needs all levels of skill and earners!
DO NOT TAX THIS COUNTRY INTO OBLIVION, success is not a crime !

Reply Posted by Red Optimist on Tuesday April 8 2014 at 23:09
I fully agree with you. However, the top rate of income tax is 45% and not 50% as you state. I am all for reducing the rate of direct taxation for everyone, if circumstances allow.

Reply Posted by Fred on Tuesday April 8 2014 at 23:35
@guy fawkes

Oh dear oh dear, Some one may be the friend of someone else so they don't pay tax !!!

Get real or go live in North Korea !!

Reply Posted by guy fawkes on Wednesday April 9 2014 at 09:09
fred read about the bullingdon club that will open your eyes a little.

Reply Posted by guy fawkes on Wednesday April 9 2014 at 08:36
get real fred cos thee ignorance is stunning.

Reply Posted by arrgghhh on Friday April 11 2014 at 18:08
Tax tax tax tax why not tell the bone idol little sh**s to go get a job tberes plenty out there. And why dont the government cap how many people can.come from eu to work cause tbh its owt of control how many foreiners are workong here now

Reply Posted by arrgghhh on Friday April 11 2014 at 18:15
O and by the there should be a flat rate tax people should not be taxed more cause they have made a success of themselves all you from government officials is lets tax this and tax that generate sum funds but take money art of peiplea pockets and let them struggle

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