‘Britain's banks may be forced to reveal the breakdown of their corporate tax contributions under a plan from the Treasury Select Committee to demand the information as part of its report on the sector.
‘Britain's banks may be forced to reveal the breakdown of their corporate tax contributions under a plan from the Treasury Select Committee to demand the information as part of its report on the sector. The influential cross-party group of MPs is considering asking banks to extract payroll taxes from their wider tax bill after Barclays admitted that out of total tax paid of £2bn in 2009, just £113m was corporation tax …
‘Former Lib Dem Treasury spokesman Lord Oakeshott said he would ask the Revenue to reveal the extent to which the banks adhere to the code – first devised by Labour – under which they agreed to comply with both the “spirit and the letter” of the tax law as “corporate citizens …”
‘One bank insider said: “A breakdown of a company’s tax contributions is a private matter between the company and the Revenue.”’
‘Britain's banks may be forced to reveal the breakdown of their corporate tax contributions under a plan from the Treasury Select Committee to demand the information as part of its report on the sector.
‘Britain's banks may be forced to reveal the breakdown of their corporate tax contributions under a plan from the Treasury Select Committee to demand the information as part of its report on the sector. The influential cross-party group of MPs is considering asking banks to extract payroll taxes from their wider tax bill after Barclays admitted that out of total tax paid of £2bn in 2009, just £113m was corporation tax …
‘Former Lib Dem Treasury spokesman Lord Oakeshott said he would ask the Revenue to reveal the extent to which the banks adhere to the code – first devised by Labour – under which they agreed to comply with both the “spirit and the letter” of the tax law as “corporate citizens …”
‘One bank insider said: “A breakdown of a company’s tax contributions is a private matter between the company and the Revenue.”’
