Parky Posted March 20, 2009 Share Posted March 20, 2009 New whistleblower claims over £1bn Barclays tax deals. Further detailed allegations about tax avoidance schemes set up by Barclays Bank emerged tonight from whistleblowers who said the bank made close to £1bn profit a year from a series of elaborate deals. Vince Cable, the Liberal Democrat Treasury spokesman, said of the ruling: "This is a sad day for democracy. British taxpayers are being asked to underwrite Barclays' loans. I believe full disclosure of these documents, showing how Barclays use tax havens for tax avoidance, would be in the public interest. Banks use the finest legal brains money can buy to avoid tax, but HM Revenue & Customs is underpaid and overstretched, so it is far from a level playing field." Barclays declined to comment directly on any of the detailed allegations. It said it complied with taxation laws and disclosed deals with tax implications to HMRC "in a prompt, transparent and timely manner". Let the fucking thing go under. Link to post Share on other sites More sharing options...
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