Banks put on notice over tax avoidance

Stop avoiding tax or face greater oversight, says Darling

Written by Accountancy Age

Chancellor Alistair Darling has signalled his intent to pressure banks into signing agreements to reduce the prevalence of tax avoidance.

Darling said if banks failed to enter into the agreements, they would face greater inspections by tax authorities, according to telegraph.co.uk

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The government is calling for all banks operating in the to sign the new taxation code of practice by the end of September.

Further Reading:

Fresh claims over Barclays tax

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