Goldman Sachs Considers Moving London OPs to Avoid New British Tax Rules

I suppose this is one way to get your point across. What was the UK thinking?

Reuters:

Goldman Sachs Group Inc (GS) has begun a review of its London operations that could result in entire departments going overseas to avoid paying increasing British taxes, the Daily Telegraph reported in its Monday edition.

The newspaper, which quoted unnamed sources, said the bank was understood to be considering its options after Britain announced plans for a new tax on bankers' bonuses, a new income tax rate and the increased banking regulations.

For the rest, head to Jr Deputy Accountant.