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Tuesday, March 17, 2009

The documents Barclays wanted to hide

Gagging orders only work in Britain.

Click here if you want to read the alleged internal memos that Barclays want to squash. The documents reveal a number of elaborate international tax avoidance schemes by the SCM (Structured Capital Markets) division of Barclays. According to these documents, Barclays has been systematically assisting clients to avoid huge amounts of tax they should be liable for across multiple jurisdictions.

Thanks Slagella for the link.

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