BusinessCompany NewsNo tax changes if Barclays seals ABN Amro deal

No tax changes if Barclays seals ABN Amro deal

No major tax implications if Barlcays and ABN Amro merge, accoridng to advisers

Advisers have suggested there will be no significant tax implications from
moving Barclays HQ to Holland, if merger is agreed between the bank and
ABN
Amro
.

Grant
Thornton
partner Mike Warburton said he expected Barclays to
continue paying similar taxes in the UK to its current amount.

‘The bits that are run in the UK will continue to be taxed in the UK,’
Warburton told The Daily Telegraph.

Barclays
paid £1.23bn tax in the UK last year and £707m overseas.

Further reading:

HSBC suffers $11bn impairment blow

Tories pledge to cut corporation tax

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