Barclays Banks On Gay Employees: Will Start Paying America’s Discriminatory Tax Penalty

Business must be good for Barclays bank, the British financial giant that snapped up Lehman Brothers in 2008, because it’s found the cash to offset the tax penalty American employees must pay for benefits provided to same-sex partners. Barclays will begin picking up the tab (estimated around $1,000 per employee) on Jan. 1, joining a growing crop of companies that already includes Google and Cisco Systems.

Get Queerty Daily

Subscribe to Queerty for a daily dose of #barclays #jobs #taxes stories and more


  • reason

    How nice of Barclays. According to the deficit panel we need to do away with all tax benefits. Child credit, mortgage interest, education, charity credits, marriage benefits etc. That will bring trillions in, help half the deficit, and create an equal tax hell for everyone.

  • Brian Miller

    For all its failings, corporate America is well ahead of theocratic/government America.

Comments are closed.