smbtitle4.jpg

UK SINGER REFUSES TO PAY IN BANK BONUS PROTEST













Home | About Us | Contact and Links | Get Educated | Upcoming Events | Link to Us | Downloads | Archives





BILLY BRAGG REFUSES TO PAY TAX IN BONUS PROTEST
















billybragg.jpg

English singer says he is going to stop paying tax to the British government unless it halts the payment of big bonuses to staff at the Royal Bank of Scotland.

Folk singer Billy Bragg reiterated Sunday his call to halt the financial bonuses at the Royal Bank of Scotland (RBS) as he prepared to withhold his taxes in protest.

"Millions of workers are already facing stark choices: are they willing to work longer hours for less money, or would they rather be unemployed? I don't see why the bankers at RBS shouldn't be asked the same question," the performer told crowds at Speaker's Corner in London's Hyde Park.

Bragg added that he objected to RBS plans to pay £1.5 billion in bonuses to bank staffers despite having been bailed out by taxpayers' money and suffering the "worst losses in British commercial history" in 2009.

The famous singer said he will not pay his tax until UK Chancellor of the Exchequer Alistair Darling uses his power and stops the payment of bonuses above £25,000.

"The British taxpayer owns 84% of the shares of RBS, so we do have a right to have an opinion about what they do with the money, really that they owe us," Bragg said.

"My message to the bankers at Royal Bank of Scotland is 'before you pay yourselves any bonuses, pay us back,'" he added. 

 


ADVERTISEMENTS - PLEASE SUPPORT OUR SPONSORS

ShrinkingGraph728x9064K.gif 
 

  
















Powered by Register.com