Barclays gags Guardian over tax

[Cyberman]

No it isn't.

In future, compying with the law will not be enough. You will have to comply with the "spirit of the law" aswell.

So is Jacqui Smith complying with the spirit of the law with regard to her 'second home' expense claims ? If a loophole is there and it is legal, everybody is entitled to use it as far as I'm concerned. However, I remember Broon brought out a law, that parties to tax avoidance were under an obligation to inform the Inland Revenue in order to get clearance. Barclays could well fall foul of this.

[Cyberman]

[QUOTE=crimdon;798201
The Guardian's decision to publish the documents came on a day when the chancellor, Alistair Darling, told parliament he had asked HMRC to publish shortly a draft code of practice on taxation for banks "so that banks will comply not just with the letter of the law but the spirit of the law".

[/QUOTE]


The hypocrisy here, in view of the fact that Darling is also allegedly exploiting the expenses similar to Jacqui Smith gives Darling no credibility whatsoever.

[BrilloPad]

Close down the tax havens! Isn't the USA pressuring Switzerland to give up names of tax dodgers?

Yes : but most companies re-domiciling go to Ireland at the moment.

[Badger]

Yes : but most companies re-domiciling go to Ireland at the moment.

Correct. Current ClientCo has done just that. It also has dozens of companies set up for 'tax purposes'.