Monday, January 4, 2010

Goldman To Foot Bonus Tax Bill

So basically, the shareholders pay the bill. 

Goldman Sachs, the US investment bank, is moving towards a decision that rather than passing the cost of the tax onto employees by absorbing it within the year-end bonus pool (which would automatically mean paying out less money to staff), it will instead gross up its bonus pool so that the bank pays the cost of the tax itself.

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