In a move reminiscent to the rumblings coming out of a newly minted Congress back in January of 2009, the British government is expected to announce a one time tax on bankers bonuses stemming from over $1 trillion in British taxpayer bailouts.  Of particular concern with such a move is the precedent it makes when it comes to the future of tax law not only in the UK, but also other countries contemplating similar ways to stem popular anger against the banking industry and politicians.

Read the whole article here.