Lessons from Barclays: tax avoidance does not pay

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Barclays has decided to review its sales of tax products as "some of them may no longer be appropriate".

There are lessons to be learned from this. The first is that, as Barclays has now learned to its cost, tax avoidance does not pay.

One wonders why they paid so much to so many for so long who couldn't work that out in that case.

But better late than never I guess.

More to follow