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Tag Archives: barclays

Lib Dem peer reveals online Barclays tax documents
Here’s how The Guardian reports it:
Liberal Democrat spokesman Lord Oakeshott used parliamentary privilege today to blow a hole in a gag order obtained by Barclays Bank over its tax avoidance scheme. The documents detailing the schemes, previously leaked to the Lib-Dems, were now available on Wikileaks and other websites, he told a Lords debate on tax avoidance.
Barclays had previously obtained a high court injunction banning the Guardian and other papers from disclosing that the documents were publicly available on Wikileaks. The gag order, provided by Mr Justice Blake, also forced the Guardian to remove copies of the documents from
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CommentIsLinked@LDV: Nick Clegg – Banks’ business is taxpayers’ business
Yesterday The Guardian ran a piece from Nick Clegg on Barclays and its attempts to keep secret details of how it goes about reducing the amount of tax it pays:
Yesterday Barclays may have won on a point of law. But it cannot run away from the wider point of principle: now our whole banking system relies on the support of British taxpayers, how the banks run their business is our business, too.
So long as these banks are sustained by explicit or implicit Treasury guarantees, they have no right to deprive the Treasury of money by running circles round the taxman.
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