Barclays Implicated in US Tax Scams

A US Senate committee report has said Barclays bank was involved in dubious dealings to let help hedge funds avoid tax. The details of the basket option deals used are quite technical, suffice to say private tax avoidance at public expense. The report has a spin of course, it’s headlines jabs fingers at non-US banks, but one wonders if US banks weren’t doing exactly the same. But after the LIBOR fixing scandal, PPI mis-selling scandals and now this one hopes Barclays will clean up its act eventually.

 

Eamon McNicholas
Tax Barrister, Accountant
 
 
 
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About Eamon McNicholas

Tax Barrister, Accountant www.EamonMcNicholas.com
This entry was posted in Tax and Accounting News and tagged , , , , . Bookmark the permalink.

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