Monday, 21 February 2011

Barclays bank forced to admit it paid just £113m in corporation tax in 2009

Barclays Bank has been forced to admit it paid just £113m in UK corporation tax in 2009 – a year when it rang up a record £11.6bn of profits, according to the Guardian.

The admission stunned politicians and tax campaigners. It was revealed on the eve of a day of protests planned against the high street banks by activists from UK Uncut, a group set up five months ago to oppose government cuts and corporate tax avoidance.

All of which makes Green Dad glad he switched to an ethical bank last year. As for those companies who dodge paying their fair share, it's pretty tricky boycotting Boots when you have a toddler but I am trying!

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