Barclays tax protests: Campaigners target bank that made £1bn profit
Barclays tax protests: Campaigners target bank that made £1bn profit | Mail Online: "Dozens of branches of Barclays were brought to a standstill by anti tax avoidance campaigners at the weekend.
The action followed revelations that the bank paid just 1 per cent tax in the UK on profits of more than £11billion.
UK Uncut said it occupied around 50 branches – setting up mock libraries and crèches to highlight some of the public services being axed by the Government as it attempts to whittle down the nation’s deficit.
Campaigners are angry at Barclays boss Bob Diamond’s defiance over the role of bankers in the economic crisis and at his insistence that the time for remorse was over.
Mr Diamond last week admitted to MPs that Barclays paid just £113million in corporation tax during 2009 – around 1 per cent of the £11.6billion in profit it made that year.
He also revealed Barclays uses hundreds of offshore subsidiaries in tax havens – including 181 in the Cayman Islands alone – to slash the amount it pays to HM Revenue & Customs."
DISCLAIMER:Text may be subject to copyright.This blog does not claim copyright to any such text. Copyright remains with the original copyright holder.
The action followed revelations that the bank paid just 1 per cent tax in the UK on profits of more than £11billion.
UK Uncut said it occupied around 50 branches – setting up mock libraries and crèches to highlight some of the public services being axed by the Government as it attempts to whittle down the nation’s deficit.
Campaigners are angry at Barclays boss Bob Diamond’s defiance over the role of bankers in the economic crisis and at his insistence that the time for remorse was over.
Mr Diamond last week admitted to MPs that Barclays paid just £113million in corporation tax during 2009 – around 1 per cent of the £11.6billion in profit it made that year.
He also revealed Barclays uses hundreds of offshore subsidiaries in tax havens – including 181 in the Cayman Islands alone – to slash the amount it pays to HM Revenue & Customs."
DISCLAIMER:Text may be subject to copyright.This blog does not claim copyright to any such text. Copyright remains with the original copyright holder.
Comments
Post a Comment