[GJM] [Intertax] Barclays invested £3.5 billion (US$6.35 billion) in tax avoidance scheme

[robert searle]

--- Richard Murphy <richard_murphy at btconnect.com>
wrote:

> The Wall Street Journal ran a feature on tax
> avoidance by Barclays last week. I was involved in
> the research of that story.
> 
> What the WSJ did not mention was the amount Barclays
> put into the scheme - some £3.5 billion. So I make
> amends here:
> 
>
http://taxresearch.wordpress.com/2006/07/03/£35-billion-the-cost-of-tax-avoidance/
> 
> As I say on my blog "This gives some perspective to
> the resources the banks will throw at tax avoidance.
> When we say we think it's a core part of their
> business, we mean it. And this is the evidence."
> 
> Richard
> 
> Director
> Tax Research LLP
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