February, 06 , 2010

Germany's largest bank - was the first institution to reveal what it expects to pay in the UK "supertax" on bonuses. Ackermann said the bank will spread the tax burden across its global operations to avoid the bank's key operations in London being "destroyed" if its 8,000 staff there were not adequately compensated."We are in a very sensitive situation right now and want to find the right optimization," Ackermann said in a conference call with analysts. "We could not pay no bonus without jeopardizing the franchise."

The 50 percent tax covers all bonus payments above the first 25,000 pounds ($40,000). Deutsche Bank's payment is an indication that the tax could raise some 2 billion pounds to fill Britain's coffers, based on estimates from analysts of some 75,000 people working in London's investment banking sector.During the conference call, Ackermann also said that he expects bankers' pay levels to decrease in years to come as banks lower the amount of bonus payments for their staff.Bildunterschrift: Großansicht des Bildes mit der Bildunterschrift: Deutsche Bank CEO Josef Ackermann says the bank is well positioned for 2010.

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