{"id":19247,"date":"2013-02-12T17:13:03","date_gmt":"2013-02-12T17:13:03","guid":{"rendered":"http:\/\/www.taxresearch.org.uk\/Blog\/?p=19247"},"modified":"2013-02-12T17:17:28","modified_gmt":"2013-02-12T17:17:28","slug":"barclays-new-tax-principles-look-very-like-a-licence-to-undertake-tax-avoidance-to-me","status":"publish","type":"post","link":"https:\/\/www.taxresearch.org.uk\/Blog\/2013\/02\/12\/barclays-new-tax-principles-look-very-like-a-licence-to-undertake-tax-avoidance-to-me\/","title":{"rendered":"Barclays’ new tax principles look very like a licence to undertake tax avoidance to me"},"content":{"rendered":"

These are Barclays' tax principles, according to their presentation made today:<\/p>\n

\"Screen<\/a><\/p>\n

(Click on the file for a bigger version)<\/p>\n

Are you convinced that means an end to tax avoidance?<\/p>\n

After all, tax\u00a0authorities\u00a0expect tax avoidance.<\/p>\n

And tax avoidance is generally\u00a0accepted\u00a0- as the\u00a0proposed\u00a0General Anti-Abuse Rule\u00a0explicitly\u00a0recognises.<\/p>\n

And Google has, for example, said its planning supports genuine commercial activity and it's quite relaxed about it.<\/p>\n

And are a bank's values and purpose that good a guide to what is acceptable?<\/p>\n

If this is Barclays moving towards acceptability I am going to take a lot of convincing.<\/p>\n

Where's the mention of the spirit of the law? Or transparency? And what about foregoing the use of tax havens? What about\u00a0consistency\u00a0between\u00a0substance\u00a0and form? None of these are mentioned.<\/p>\n

Sorry, but in my view this is a tax avoiders charter, not a move into the light. The fact that this was also on page 66 of 67<\/a> says a lot, I think.<\/p>\n","protected":false},"excerpt":{"rendered":"

These are Barclays’ tax principles, according to their presentation made today: (Click on the file for a bigger version) Are you convinced that means an
 Read the full article…<\/em><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[70,2,10],"tags":[],"class_list":["post-19247","post","type-post","status-publish","format-standard","hentry","category-banking","category-barclays","category-tax-avoidance"],"_links":{"self":[{"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/posts\/19247","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/comments?post=19247"}],"version-history":[{"count":0,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/posts\/19247\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/media?parent=19247"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/categories?post=19247"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/tags?post=19247"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}