[entwisi]

Originally Posted by garinda

You're quite right, there are many legal ways of avoiding the taxes that most other people have to pay, who don't have the resources to find those loopholes.

New whistleblower claims over £1bn Barclays tax deals | Business | guardian.co.uk

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."

err, Barclays hasn't yet asked for any money. It explored the deal so it could see if it was in shareholders best interest.

So Barclays employs better financial wizz's than the treasury. that sounds like good business sense to me(and not unheard of based on the fact that treasury wages are unlikely to be close to whats available in teh private sector in this sort of field).

So what you upset about. The fact that someone used the rules to their advantage? or was it simply a dig at Barclays for being successful again?

What is it about slagging off success? I've said it before, do you want to live in a country full of Losers? Would it make you feel better if all banks were financially ruined?