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...
Tooj Posted March 20, 2009 Share Posted March 20, 2009 That's all well and good for you to say sat there typing from your computer produced and owned in the Fatherland. Link to post Share on other sites More sharing options...
Mowen Posted March 20, 2009 Share Posted March 20, 2009 Letting it go under will damage innocent people more than it harms the culpable. Link to post Share on other sites More sharing options...
relámpago blanco 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". <b>Let the f***ing thing go under. </b> Fuck you all my money is with them thats a shocking thing to say. If a bank of that size goes under the economy will be destroyed and will be much worse than it is now. Link to post Share on other sites More sharing options...
Parky Posted March 20, 2009 Share Posted March 20, 2009 The cure will come. Link to post Share on other sites More sharing options...
NJS Posted March 20, 2009 Share Posted March 20, 2009 Fuck you all my money is with them thats a shocking thing to say. 98% of accounts are covered by the 50k limit guarantee. Link to post Share on other sites More sharing options...
ikri Posted March 20, 2009 Share Posted March 20, 2009 A nicely timed article from Rolling Stone Magazine Link to post Share on other sites More sharing options...
GG Posted March 20, 2009 Share Posted March 20, 2009 The cure will come. Lenin will rise again. Link to post Share on other sites More sharing options...
ikri Posted March 20, 2009 Share Posted March 20, 2009 The cure will come. Lenin will rise again. I doubt even Zombie Lenin coming after them all would shake the banking establishment out of it's hubris Link to post Share on other sites More sharing options...
relámpago blanco Posted March 20, 2009 Share Posted March 20, 2009 f*** you all my money is with them thats a shocking thing to say. 98% of accounts are covered by the 50k limit guarantee. Yes, and if you have more? I'll have to move it about I think. Link to post Share on other sites More sharing options...
Mowen Posted March 21, 2009 Share Posted March 21, 2009 f*** you all my money is with them thats a shocking thing to say. 98% of accounts are covered by the 50k limit guarantee. Yes, and if you have more? I'll have to move it about I think. I would personally be staggered if you have more. Link to post Share on other sites More sharing options...
GG Posted March 21, 2009 Share Posted March 21, 2009 f*** you all my money is with them thats a shocking thing to say. 98% of accounts are covered by the 50k limit guarantee. Yes, and if you have more? I'll have to move it about I think. The 50k is applicable per person, not per account per bank, or per bank. Just stick it abroad, if you have more. Link to post Share on other sites More sharing options...
Mowen Posted March 21, 2009 Share Posted March 21, 2009 f*** you all my money is with them thats a shocking thing to say. 98% of accounts are covered by the 50k limit guarantee. Yes, and if you have more? I'll have to move it about I think. The 50k is applicable per person, not per account per bank, or per bank. Just stick it abroad, if you have more. I'm pretty sure it's per account per bank. You're allowed 50k with Barclays and 50k with HSBC etc. all covered. Link to post Share on other sites More sharing options...
Stu Posted March 21, 2009 Share Posted March 21, 2009 f*** you all my money is with them thats a shocking thing to say. 98% of accounts are covered by the 50k limit guarantee. Yes, and if you have more? I'll have to move it about I think. The 50k is applicable per person, not per account per bank, or per bank. Just stick it abroad, if you have more. I'm pretty sure it's per account per bank. You're allowed 50k with Barclays and 50k with HSBC etc. all covered. It's per Banking & Deposit License, for example RBS & Natwest have the same license so you only get up to £50k with them even if you have one RBS and one Natwest. Would assume HBOS Lloyds TSB falls into the same license, so Halifax, Lloyds, C&G, etc would only be covered up to 50k. Link to post Share on other sites More sharing options...
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