Taxpayers risk losing millions as Goldman Sachs bankers plot to delay £8.3billion in bonuses to avoid the 50p tax rate | Mail Online

Taxpayers risk losing millions as Goldman Sachs bankers plot to delay £8.3billion in bonuses to avoid the 50p tax rate | 

Yep ! Bonuses are considered as salary payment and are therefore deductible as an expense against Corporation Tax. this is one big reason why mom and pop businesses are now becoming limited companies. They can take profits out as pay and/or bonuses and pay no tax for the company. They may also take a director's loan from the company and never pay it back!!!