UK parliament renews pressure on Barclays tax avoidance
Tyrie calls for more action on tax schemes
The UK parliament's Treasury Select Committee has renewed its pressure on Barclays by releasing letters describing a failed tax avoidance scheme in 2011. Committee chairman Andrew Tyrie noted that much of Barclays' explanation to the committee for the scheme – ruled illegal by HM Revenue & Customs in February this year – did not agree with the facts, as explained by UK chancellor George Osborne in another letter to the committee.
Barclays launched a debt buyback scheme in December 2011 which
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