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Category Archives: Barclays

Do tax practitioners need to exercise moral judgement?

18-Jul-06

Over at AccountingWEB Rebecca Bennyworth has posted a thoughtful piece on whether tax practitioners have to exercise moral judgement in the course of their work. She has been slated for by some commentators, but I think her piece reflects the real confusion that exists in this area, and on which all the professional bodies (in [...]

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Barclays’ CSR does not add up - by £1.5 billion

12-Jul-06

Barclays CEO John Varley spoke at the Fifth Ethical Corporation Summit in London on 31st May this year. One of the issues he raised was tax paid (which, I have little doubt is because tax is now on the CSR agenda due to the pioneering work Sustainability and I have done). But this is what [...]

Also filed in Tax management | | Comments (1) »

£3.5 billion - the cost of tax avoidance

03-Jul-06

The Wall Street Journal article referred to below concerns an obscure Delaware corporation, Augustus Funding LLC. It so happens however that the LLC in question traded in the UK so we know rather more about it than normal.
One thing we know is how much it’s UK parent, Sixtus Funding Limited put into this scheme, presumably [...]

Also filed in Tax avoidance | | Comments (0) »

The WSJ – on Barclays and its tax trick

30-Jun-06

The WSJ – on Barclays and its tax tricks
The Wall Street Journal has published an article on the tricks that a team at Barclays bank have been playing to reduce the tax bills of some of their major multinational clients. A story stub is available on the WSJ site.
The story starts as follows:
The Wall Street [...]

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