European banks storing €20bn a year in tax havens

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Barclays and HSBC among banks booking money equivalent to 14% of annual profits in offshore entities

said the bank was the fifth-largest UK taxpayer and paid taxes across the jurisdictions in which it operated.The claims will nevertheless further fuel those arguing that leading countries must be more ambitious in cracking down on aggressive tax avoidance and profit shifting to low-tax jurisdictions by multinationals.

 

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Delete your bank accounts otherwise you're complicit.

georgevanhouts Hence the negative interest rates. .. So they can store more more more...

oh, that's where the money is? who'd of thunk that?

bankaudits1 MartinSLewis JujuliaGrace mortgageprison BankReformUK TransparencyTF jon_trickett brookebay21 PeterStefanovi2

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