text_body: --- DIVISION TITLE ---
  
  Finance Bill - New Clause 13 - Report on Bankers' Bonus Tax
  
  --- MOTION EFFECT ---
  
  
  @ MP voted aye to require a report on a tax on Bankers' Bonus, including on how the revenue raised could be spent to create jobs.
  @ MP voted no against requiring a report on a tax on Bankers' Bonus, including on how the revenue raised could be spent to create jobs. 
  
  
  The majority of MPs voted against requiring a report on a tax on Bankers' Bonus, including on how the revenue raised could be spent to create jobs. 
  
  The text the proposed new clause for the Finance Bill which was rejected in the vote was:
  
  :The Chancellor of the Exchequer shall review how a bank bonus tax could be repeated and place a report in the library of the House of Commons by 1 September 2012 on how the revenue raised could be invested in a Real Jobs Guarantee to create new jobs and tackle unemployment.
  
  A tax on bankers' bonuses, known formally as a "bank payroll tax", was levied as a one-off in 2009[1].  A bank payroll tax was first introduced by Section 22 of the Finance Act 2010[2]; Schedule 1 of that Act[3] set the rate of the bank payroll tax at 50% which applied to bank bonuses exceeding Â£25,000.
  
  * [1] [http://www.parliament.uk/briefing-papers/sn05251.pdfâ Taxation of banking - House of Commons Library - Standard Note - 17 July 2013]
  * [2] [http://www.legislation.gov.uk/ukpga/2010/13/section/22 Section 22 of the Finance Act 2010]
  * [3] [http://www.legislation.gov.uk/ukpga/2010/13/schedule/1 Schedule 1 of the Finance Act 2010]
  
  
  --- COMMENTS AND NOTES ---
  
  (put thoughts and notes for other researchers here)
  