|
|
17 Mar 2009
HM Revenue and Customs is investigating claims by a whistleblower of alleged tax avoidance schemes at Barclays Bank, the Guardian has reported.
The claims were linked to documents leaked at a time when the bank has confirmed it is in talks with the Treasury about the government stepping in to ring-fence some of its riskiest assets.
The Barclays' whistleblower is allegedly an employee of its structured finance department at Canary Wharf and disclosed to the Liberal Democrats details of a scheme codenamed Project Knight.
Details of a deal involving $16bn in US loans that allegedly generated substantial tax benefits, involved a network of Cayman Island companies and Luxembourg subsidiaries was leaked in a memo.
Further reading:
Barclays in talks with Treasury about Asset Protection Scheme
You may also like
Search thousands of financial jobs:
Search thousands of financial jobs:
Careers
Search for jobs
Click to search our database of all the latest accountancy roles
Create a profile
Click to set up your profile and let the best recruiters find you
Jobs by email
Sign up to receive regular updates with the latest roles suitable for you
Briefings
By looking at the reasons supplier statements became unfashionable, and the reasons why it is different today, this paper delves into the many benefits that can be obtained by automating the process.
Having a real and true view of your organisation’s current financial position, and having the right systems and processes in place, will ensure that you can make strong choices and are ready to capitalise on opportunities
AccountancyAgeInsight is a frequently updated resource centre for finance professionals, offering a free and easy-to-use digital library of briefings, white papers and other information resources. 
Visitor comments Add your comment