Wednesday, October 20, 2010

Banks must sign anti-avoidance code


Chancellor George Osborne says all 15 of UK's leading banks must sign charter by November, which will hold them to "being better taxpayers"

Banks must sign up to a code of practice by November in efforts to ensure they pay the right tax while the country tightens its belt on public spending, George Osborne has said.

The code was presented as a statement of principles to provide a benchmark for corporate behaviour in relation to tax planning and the banks' relationship with HMRC.

See full Article.