The Guardian has named Barclays the UK's biggest tax avoider. And rightly so. They've featured here often.
Roger Jenkins of Barclays is the person they pick on. I've covered him in the past here.
I'm also pleased to note I had a hand in at least some of the evidence. I helped research the Wall Street Journal case they refer to. I also did a File on 4 for the BBC on the capital allowances case several years back. And I've persistently named Barclays as a facilitator of tax evasion in the Channel Islands.
But there's one dimension the Guardian did not mention. The fact that, as I have showed, Barclays accounts just don't add up when it comes to tax. In 2005 there was £266 million missing. Where did it go?
And then there's the matter of their 143 Cayman subsidiaries.....
Thanks for reading this post.
You can share this post on social media of your choice by clicking these icons:
You can subscribe to this blog's daily email here.
And if you would like to support this blog you can, here:
So you say point blank that Barclays is guilty of tax evasion in the Channel Islands. Okay, put your money where your mouth is. Send the file to the Jersey Financial Services Commission and Guernsey Registry. Lets act on it now Richard. Better to be more pro-active then simply mentioning on a blog because otherwise its just hearsay and could actually be described as slander.
Jason
All the evidence needed is in the revelations of the 2007 UK tax amnesty
Barclays fought to prevent disclosure of data
When it was disclosed it revealed significant tax evasion by thousands of customers none of whom had been reported for suspected money laundering
And still they do not report all their customers who refuse to information exchange under the EU STD which must, without doubt, create suspicion of tax evasion i.e. money laundering, which is the only criterion for reporting
My case is rock solid
The Guardian’s lawyers seemed to agree yesterday, I note. And they’re very cautious
But why report? Jersey will ignore it
Richard