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The British government slaps a hefty tax on bank bonuses

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Janine RabeDecember 10, 2009

The push for taxing fat bonuses for bankers is getting some executive political attention. French President Nicolas Sarkozy and British Prime Minister Gordon Brown have issued a call for a global reform of financial markets. In a jointly-written op-ed piece in the Wall Street Journal, both men say a tax on bonuses must be a priority. The British government is doing more than just talking.

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