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Co-op bank pays "effective" tax rate of 1.9% on profits

Yer, trouble is if you read the comments below you see that they haven't and the blogger is talking a whole load of shizzle.
 
Absolutely MK. Neither have Barclays only paid 1.9%. It's about the flawed methodologies used to calculate the "effective" (hence why I had put in in quotes) rate.

Would you like that explained any more clearly for you? :thumbsup:
 
Absolutely MK. Neither have Barclays only paid 1.9%. It's about the flawed methodologies used to calculate the "effective" (hence why I had put in in quotes) rate.

Would you like that explained any more clearly for you? :thumbsup:
Well i think this man does a cleary job then you MC
http://www.taxresearch.org.uk/Blog/2011/02/19/barclays-paying-tax-but-where/

so they actually only pay tax at 23% not 28% and haven the profits of they head office (which is in London ) around the world .
But wait lets compare what CO-op do so we don;t look to much into the wrongness of Barclays
 
Ahh, Richard Murphy! To give him credit he's cut through the headline grabbing crap to create a more factually correct calculation. Again missing the point though Osy, the problem that has been highlighted by that blog is that calculation of "effective" rates are usually incorrect without full facts - something that neither me, you, The Guardian, Richard Murphy, or that blog has. I'd at least hope that only Barclays and HMRC do, but you never know...!
 
Ahh, Richard Murphy! To give him credit he's cut through the headline grabbing crap to create a more factually correct calculation. Again missing the point though Osy, the problem that has been highlighted by that blog is that calculation of "effective" rates are usually incorrect without full facts - something that neither me, you, The Guardian, Richard Murphy, or that blog has. I'd at least hope that only Barclay's and HMRC do, but you never know...!
But that is the point , the non-discolurse of the full facts to make the informed decision's . And the properganda that buisness pump out to say they do x y and Z and it turns out they don't . In the case of the banks are fibbing a tad and moving around tax that should be paid into the countries in which they reside . Though I wouldn't bet Ricard hasn't received some very intresing data from sympathetic peoples from HMRC (as he has in recent months ;))
 
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