Letter: Punishing failure
Then of course there is Edinburgh trams fiasco where some TIE directors received huge pay-offs.
These are all rewards for failure. Meanwhile, ordinary workers who are made redundant receive only very limited compensation for losing their jobs through no fault of their own.
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Hide AdThe tax laws allow the first 25,000 to be paid tax-free with the remainder at the applicable tax-rate.
The government may not be able to change contracts of employment or the payments for compensation but they can change the law.
I suggest that these payments should attract a punitive rate of tax of 90 per cent. That should end the greed culture and bring in much needed tax revenue.
Clark Cross
Springfield Road
Linlithgow