What’s happening on the bank code of conduct on tax avoidance?

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One of my commentators asked late last night:

I understood that November 3rd was the deadline for the major banks to sign-up to the code of conduct regarding their tax dealings. When Geo.Osborne appeared on the Andrew Marr Show a few weeks ago, just four had signed-up at that time. I’ve googled around, but can find no report on the final number of signatories. What’s happened? Do you know? Has the deadline been extended?

Excellent question.

I have no idea what the answer is.

And I can’t find anything about it either.

This was a major commitment Osborne was trumpeting in the Budget and CSR. So what is happening? have they signed, or not? And if not, what are the sanctions going to be?


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