Relocating The Banks
Monday, December 14th, 2009It seems that London’s dominance as the premier global financial centre is under threat following the Chancellor’s decision to tax bankers’ bonuses. Banks are apparently under significant pressure to move their operations to other parts of the world, including Zurich, New York and Hong Kong, whose tax regimes are more in their favour. This raises serious questions about the banks’ relationship with, and commitment to, many of their employees. (more…)