Barclays Corporation Tax

[suityou01]

The blunt argument is that they have paid what has been expected of them to pay.

If I go into a shop and ask for a can of coke and the shop keeper asks for 60 pence should I have to pay 80 pence if someone shouts from the back of the shop 60 pence is too cheap?

The tax rules are there, we all know that, to say that they are somehow cheating the system is total piffle.

It sells newspapers though.

[AtW]

They should have paid around £3 bln in corp tax - 6 years of that single bank paying what is due would have fully financed High Speed 2 to Birmingham without having to need to plan it being ready by 2026 - this could have been done 10 years earlier.

[minestrone]

They should have paid around £3 bln in corp tax - 6 years of that single bank paying what is due would have fully financed High Speed 2 to Birmingham without having to need to plan it being ready by 2026 - this could have been done 10 years earlier.

We might have had enough money to fund that if we were not paying benefits to immigrants.

[suityou01]

We might have had enough money to fund that if we were not paying benefits to immigrants.

Not just immigrants. Plenty of dole bludging chav scum feeding off the state as well.

[portseven]

If I go into a shop and ask for a can of coke and the shop keeper asks for 60 pence should I have to pay 80 pence if someone shouts from the back of the shop 60 pence is too cheap?

I like the analogy! These effing tree huggers, don't seem to grasp the basic concept that tax is a forced extraction rather than a voluntary contribution.

[Freamon]

The blunt argument is that they have paid what has been expected of them to pay.

If I go into a shop and ask for a can of coke and the shop keeper asks for 60 pence should I have to pay 80 pence if someone shouts from the back of the shop 60 pence is too cheap?

The tax rules are there, we all know that, to say that they are somehow cheating the system is total piffle.

There is a lot of public anger towards banks, largely due to the narrative created by the previous government and amplified by the media. This is obviously not going to go away.

Regardless of whether you think banks are good or bad (personally I think they are criminals, as has been proven in many courts in many countries), the main issue I have with this is that, thanks to this smokescreen, the government gets a free pass on the issues at hand, namely regulation, supervision, and (in this case) tax law.

[centurian]

That's because there is a strong public belief that the deficit is solely and completely down to the banks.

Never mind the fact that the government were overspending since 2003 - long before we'd ever heard of sub-prime.

The banks had/have a large part to play in the crisis, but the true blame probably lies 50/50 with the previous government. However the left have managed to convince the majority that the blame ratio is 99/1 (and they won't even fully admit to the "1"). Fantastic marketing, it has to be said, because so many have been suckered by it.

But that means that every single government cut is being blamed completely on bankers.