Sunday, December 18, 2016

Brexit news:Beware the Bully Banks trying to stop Brexit.

US banks in Britain pay just six per cent tax, push for Single Market access

Theresa May, and Canary Wharf

Banks trying to bully Britain into staying in Single Market paying just SIX PER CENT tax


BRITAIN’S biggest banks which are furiously lobbying Theresa May to keep Britain in the Single Market to shore up their mammoth profits are paying on average just six per cent in tax, an explosive investigation reveals today.

Fatcat financiers are coughing up well below the standard corporation tax rate of 20 per cent, at the same time as lecturing the public and politicians about the economic consequences of leaving the EU.

Banks are making billions of pounds in profit by operating in Britain but are giving back pitifully little to society in return, according to the bombshell data revealed in regulatory filings.


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