Lessons from Barclays: tax avoidance does not pay

Posted on September 11 2012

Barclays has decided to review its sales of tax products as "some of them may no longer be appropriate".

There are lessons to be learned from this. The first is that, as Barclays has now learned to its cost, tax avoidance does not pay.

One wonders why they paid so much to so many for so long who couldn't work that out in that case.

But better late than never I guess.

More to follow

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One Response

  1. Lessons from Barclays: companies don’t have a duty to minimise their tax bills » Tax Research UK says:
    September 11 2012 at 9:25 am

    […] I’ve already noted, there are lessons to be learned from this. The first was that, as Barclays has now learned to its cost, tax avoidance does not […]