Richard Murphy, featured on Radio 4's "Face the Facts" last week, speaking to the BBC about the issue of UK banks with subsidiaries in offshore tax havens. Richard expressed the view that these structures, set up for tax reasons, would make it more difficult to realise potentially "toxic" assets due to the complex nature of the transactions and the artificial locations of assets.
Tax havens: Time to act by Richard Murphy
Posted by AccountingWEB in Tax on Mon, 02/03/2009 - 14:21
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