text_body: --- DIVISION TITLE ---
  
  Finance Bill - New Clause 5 - Bank payroll tax
  
  --- MOTION EFFECT ---
  
  @ MP voted aye for a review of the potential impact of introducing a tax on bankers bonuses covering how the revenue could be invested to pay for a guaranteed jobs scheme for those in long term unemployment. 
  
  
  @ MP voted no against a review of the potential impact of introducing a tax on bankers bonuses covering how the revenue could be invested to pay for a guaranteed jobs scheme for those in long term unemployment. 
  
  The majority of MPs voted against a review of the potential impact of introducing a tax on bankers bonuses covering how the revenue could be invested to pay for a guaranteed jobs scheme for those in long term unemployment. 
  
   
  MPs were considering the Finance Bill[1]. The new clause which was rejected in this vote was:
  
  :â(1) The Chancellor of the Exchequer shall carry out a review ofâ
  
  :(a) the possible impact on the bank levy rate of incorporating a bank payroll tax within the bank levy; and
  
  :(b) how the additional revenue could be invested to help pay for the first year of a guaranteed jobs scheme for people in long-term unemployment.
  
  :(2) The Chancellor must within six months of the passing of this Act publish the report of the review and lay the report before the House
  
  The majority of MPs voted against giving the clause its second reading; preventing it from continuing its path to becoming law. 
  
  A tax on bankers' bonuses formally as a "bank payroll tax" was levied as a one-off in 2009.[2] 
  
  
  
  * [1] [http://services.parliament.uk/bills/2013-14/financeno2.html Parliament's webpage on the Finance Bill]
  * [2] [http://www.parliament.uk/briefing-papers/sn05251.pdfâ Taxation of banking - House of Commons Library - Standard Note - 17 July 2013]
  
  --- COMMENTS AND NOTES ---
  
  (put thoughts and notes for other researchers here)
  