Bloomberg News
@Bloomberg-News·2.8M subscribers·40.1K videos
Here’s Where You Can Take Home the Most Pay After Taxes
Posted
March 16, 2021
Views
1,376
Likes
19
Comments
1
Engagement
1.45%
March 16, 2021
1,376
19
1
1.45%
Every word spoken in this episode is indexed. Type any phrase to jump straight to the moment it was said.
Type any word or phrase that may have been spoken. Click a result to seek the player to that exact moment.
Try a name, a topic, or a quoted line
5:00Now PlayingFor the traders and bankers who had a hyper-lucrative pandemic, the other shoe could be dropping soon.
Their pay packets represent an inviting target for government officials around the world conjuring a solution to the trillions of debt they added in the past year.
For instance: Now that President Joe Biden has passed his $1.9 trillion Covid-19 stimulus act, he is said to be planning to pay for his long-term economic program with the first major U.S. federal tax hike since 1993. Earlier this month, British Chancellor of the Exchequer Rishi Sunak rolled out a budget that will take taxes to their highest level since the 1960s (even though income taxes won’t go up).
“Are people concerned? Of course,” says Benedikte Malling Bech, director of North Star Law, a London-based boutique law firm that advises international and ultra-high-net-worth individuals. “Every government is going to have a financial struggle. What people are watching with great interest is how are different countries going to be able to cope with it.”
If keeping and attracting skilled workers and their employers are vital to a nation’s economic recovery, deciding how the bill is paid — and by whom — will be a delicate task for policy makers. As data calculated by PwC U.K., the U.K. arm of PricewaterhouseCoopers LLP, for Bloomberg News shows, some will have more room to maneuver than others.
Subscribe to our YouTube channel
Bloomberg Quicktake brings you live global news and original shows spanning business, technology, politics and culture. Make sense of the stories changing your business and your world.
To watch complete coverage on Bloomberg Quicktake 24/7, visit or watch on Apple TV, Roku, Samsung Smart TV, Fire TV and Android TV on the Bloomberg app.
Connect with us on…
Breaking News on YouTube
Sentinel Indexing in Progress
Metadata and chapters are available. Claim extraction for this episode is pending.
All video content is delivered via YouTube embedded players in accordance with the YouTube Terms of Service. Sentinel provides research tools that promote discovery and accountability across political media.
