This article is from the source 'bbc' and was first published or seen on . It will not be checked again for changes.

You can find the current article at its original source at http://news.bbc.co.uk/go/rss/-/1/hi/business/8420026.stm

The article has changed 3 times. There is an RSS feed of changes available.

Version 0 Version 1
Deutsche 'to spread bonus pain' Deutsche 'to spread bonus pain'
(about 4 hours later)
The boss of Germany's Deutsche Bank has told the Financial Times that the bank will spread the impact of the UK's bonus tax among its staff worldwide. The boss of Germany's Deutsche Bank, Josef Ackermann, is considering spreading the impact of the UK's bonus tax among its staff worldwide.
"We will clearly globalise it", said Josef Ackermann, Deutsche Bank's chief executive. "It would be unfair to treat the UK bankers differently", he added. If the tax is paid out from the bonus pool, "we will clearly globalise it... It would be unfair to treat UK bankers differently," said Mr Ackermann.
It is the first bank to detail its response to the bonus tax. He did not rule out the cost being absorbed by the bank itself.
Chancellor Alistair Darling last week announced a one-off 50% tax on bonuses of more than £25,000 until April 2010.Chancellor Alistair Darling last week announced a one-off 50% tax on bonuses of more than £25,000 until April 2010.
France has also announced similar plans.France has also announced similar plans.
"We will monitor what [other] banks are doing, how much of the cost will be borne by staff and how much will be taken by shareholders", Mr Ackermann told the paper. In an interview with the Financial Times, Mr Ackermann said: "We will monitor what [other] banks are doing, how much of the cost will be borne by staff and how much will be taken by shareholders."
He also said that he opposed government interference in deciding bankers' pay, saying "bonuses should be the result of supply and demand for skilled people". It is the first bank to detail its response to the bonus tax.
Mr Ackermann said that he opposed government interference in deciding bankers' pay, saying "bonuses should be the result of supply and demand for skilled people".
But he also says the measure will not jeopardise London's future as a financial centre, because there is so much more to it - such as infrastructure, resources and the quality of people.
"If people think one measure could jeopardise the strength of a financial hub, they are dead wrong. This is not going to happen," he said.