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<p>The bank payroll tax applied only to banking bonuses awarded between December 2009
and April 2010. The last Labour Chancellor conceded that it could not be repeated
without significant tax avoidance.</p><p> </p><p>Bank specific tax measures introduced
by the Conservative government since the bank payroll tax include the bank levy, an
additional 8% surcharge on banking profits, making misconduct compensation non-deductible
and restricting the amount of carry-forward losses. All these changes mean that we
will have raised more than £44 billion in additional bank taxes by 2023.</p>
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