It looks like you're using an Ad Blocker.
Please white-list or disable AboveTopSecret.com in your ad-blocking tool.
Some features of ATS will be disabled while you continue to use an ad-blocker.
Barclays has revealed it paid £113m in corporation tax to the UK in 2009, only 2.4% of its £4.85bn annual profit.
Labour MP Chuka Umunna, of the Treasury Select Committee, who requested the detail, described it as "shocking".
Barclays said that the the amount of corporation tax it paid for the year included losses for the previous year.
The UK tax authorities' relatively low take also reflects the global nature of the British bank, with the bulk of its profits coming from outside the UK.
Originally posted by Freeborn
The global banking system is rotten to the core and is at the heart of most of everything that is wrong in this world.
What is at the heart of everything wrong in this world is that people aren't doing anything about the global banking system.
Originally posted by larsen
this world is built on greed. a recession will not change this.