Vince Cable says shut tax haven operations

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Bloomberg report:

The U.K. Treasury should tell banks receiving investment from the government to close their operations in offshore tax havens, said Vince Cable, a Liberal Democrat lawmaker who speaks on finance.

``It seems totally inappropriate for banks funded by the taxpayer to be systematically avoiding British tax or helping customers to do so,'' Cable said in an interview. ``The anomaly of the nationalized banks will bring this issue to a head.''

This does of course follow up on this story.