Barclays seeks to justify its non-payment of tax, here.
It's all just excuses.
Give us facts.
Give us country-by-country reporting.
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Banks (like corrupt MP’s in the expenses scandal) explain their tax avoidance trickery by claiming that they are acting “within the rules”.. which includes exerting influence over political parties for continuing the existence of tax havens. Then politicians and banks tell us that it is the hoi polloi and the “perceived” weakest members of society, benefit cheats or the disabled (who miraculously are no longer disabled) who are responsible for today’s mess.
In reality it is corrupt and obsolete political and banking systems that are to blame. Reorganizing these systems so that they cannot be exploited by vested interest and making bankers and the wealthy wholly and impartially accountable for paying tax would lessen the need for “austerity measures” and hopefully lead to a less selfish society.
No amount of P.R. rhetoric from Barclays will silence growing disquiet in the country.