Goldman Sachs is reviewing its London operations in a move which could see entire departments moving out of the UK to avoid higher taxes, reports the Daily Telegraph. The report, citing unnamed sources, said the bank was considering its options in light of Britain’s plans for a new tax on bankers’ bonuses, a new income tax rate and tougher banking rules. Goldman has asked an internal team to examine various strategies. The review is in preliminary stages, however, and could also recommend no changes at all.

This entry was posted by Gwen Robinson on Monday, January 4th, 2010 at 4:05 and is featured in The 6am Cut London (4 Jan 2010) . Tagged with goldman sachs. Edit this entry.