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<p>There was a one off Banker’s Bonus Tax in 2009-10 aimed at encouraging banks to
rebuild their financial base in the wake of the financial crisis.</p><p> </p><p>Since
2010, the government has been clear that banks should make a fair contribution to
the Exchequer. For that reason, in 2011 the government introduced the bank levy, a
tax on banks’ balance sheets that has so far raised £14.3bn. In 2015 the government
set out a long term plan for bank taxation, announcing the introduction of an 8% bank
corporation tax surcharge alongside reform of the levy. The OBR forecast that these
two measures will raise £18.9bn over the next five years.</p>
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