UK largest banks paid no corporation tax in 2014, by offsetting past losses

Monday, December 28th 2015 - 07:59 UTC

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Five of the largest banks in the UK paid no corporation tax in 2014, despite making billions of pounds in profits, analysis by Reuters has shown. JP Morgan, Bank of America Merrill Lynch, Deutsche Bank, Nomura Holdings and Morgan Stanley paid no corporation tax at all, the news agency said. The banks offset past losses against their taxable income for 2013-14. Read full article

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CapiTrollism_is_back!!
Oh you have to love this sh!t!! This is so typical Anglo-saxon mind at work.

“Ms Lambie said that fines for foreign exchange or Libor rigging, or consumer product mis-selling, still produce high levels of revenue for the UK authorities.”

So what the banks or saying is “Hey, we acted criminally defrauding millions upon millions in all fields of banking, and see how this contributes to the economy and the treasury!”

If it wasn't so sad it would be comical. Actually it is so sad it came back around to the comical level again.

This is the same philosophy as “We raped 1/5 of the world during Empire, but hey we brought you the telegraph”.

Anglos WILL be Anglos.
Dec 28th, 2015 - 03:17 pm - Link - Report abuse 0
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Clyde15
#2
I presume he LATAMS did the other 80%.

Latams WILL always be latams....or Hispanics.
Dec 28th, 2015 - 06:51 pm - Link - Report abuse 0
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yankeeboy
Poor Toby, so envious of a place he will never see.

You have no idea how stupid and desperate you sound.
Dec 28th, 2015 - 10:41 pm - Link - Report abuse 0
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CapiTrollism_is_back!!
Leave it to Yankeeboy to defeend and praise criminality as long as it's done by Anglos.

Had argie bank committed the crimes he would be all over talking about those corrupt argies. hahaha...
Dec 29th, 2015 - 03:24 am - Link - Report abuse 0
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Troy Tempest
4 no corruption and no criminality

“...their tax returns say they complied with UK tax rules. ”

unlike Argentina that steals $70b and refuses to repay it, or CFK raiding the treasury
Dec 29th, 2015 - 10:11 am - Link - Report abuse 0
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The Voice
This is a global problem. It could be solved easily by taxing banks and large corporations in other ways. Failure to think creatively is a characteristic of pedants and fools.
Dec 29th, 2015 - 12:23 pm - Link - Report abuse 0
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Conqueror
@1. Have you noticed that, in argieland, companies can use losses in the last 5 years to reduce their tax bill. Then there's the generally applicable argie company tax rate of 35%. Seems that argies must be anglos.

Argeland owes billions. Just in the US. It owes billions more around the world. Typical argie criminality. Don't pay despite court orders. Worldwide thieves.
Dec 29th, 2015 - 12:46 pm - Link - Report abuse 0
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