Quote:
Originally Posted by entwisi
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?
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Er...I made no comment on the story, other than it is all perfectly legal. I'm certainly not 'up set', just providing an example of how creative accountancy can result in paying less tax.
I don't know if you read many newspapers, but the story has been in all of them recently, including the Times, and that great, factually accurate publication the Daily Telegraph.
The banker, his socialite wife and the billion pound tax question - Times Online
Can Barclays avoid being nationalised? - Telegraph
Perhaps you should read a more varied selection of available media, thus ensuring a more accurate picture, so you don't jump to the wrong conclusions.
