Thursday, January 19, 2012

Barclays 'risks backlash' unless tax affairs simplified - Telegraph


The lender has run into controversy before over its tax affairs. Two years ago a whistleblower leaked documents which purported to show Barclays was using a network of subsidiaries in the Cayman Islands and Luxembourg to reduce its tax bill.
Earlier this year, Mr Diamond was forced to reveal the bank operated nearly 300 subsidiaries in tax havens and had paid just £113m of UK corporation tax in 2009.

Posted via email from Jack's posterous

No comments: