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[bluey]

If they've made a loss in the last six years, they can claim that loss against this year's figures.

So if they lost 4Bn £ last year, and made 5Bn£ this year, they'll only pay corporation tax on 1Bn pounds.
Then they'll knock off bonuses to the management, interest on loans, etc...

Surprised they haven't claimed a rebate...   :-?

You mean play the same game as the Guardian Media Group, whose fearless campaign to make organisations pay tax in full doesn't really square with their own financial position. 

Taxation is a complete mess in this country and rather like the legal system, the only real winners are those that know their way round it and can exploit the loopholes.

[Banjax]

"angry shareholders" always make me laugh - its a bit like taking a losing betting slip back to the bookies and demanding a rebate 

[V6 CDX-er]

they didn't take money directly, preferring to avoid any unwelcome examination of their books - instead took the morale high ground by begging Qatar to help them........that'll end well i'm sure,

Well, it certainly seems so at the moment, as they have picked up a hell of a lot of business from the Middle East.


Very shrewd move on Barclays part I'd say.

[albitz]

The shareholders own the company,so they have a right to get annoyed if it isnt being run efficiently.
A bit like taxpayers getting angry when the govt. wastes their money - which they almost always do.

[Banjax]

The shareholders own the company,so they have a right to get annoyed if it isnt being run efficiently.
A bit like taxpayers getting angry when the govt. wastes their money - which they almost always do.

strangely its the ones defending the shameful tax avoidance of big business that seem the shrillest when it comes to bleating about waste.


in my opinion of course