RegulationCorporate GovernanceBanks put on notice over tax avoidance

Banks put on notice over tax avoidance

Stop avoiding tax or face greater oversight, says Darling

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

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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