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Barclays targeted by tax protesters

2011-02-19 85 Dailymotion

<p><br /> A protest group has vowed to continue its protests against banks after targeting branches of Barclays.<br /> </p><p><br /> Supporters of UK Uncut staged a series of small demonstrations outside branches in central London and in other locations around the country.<br /> </p><p><br /> Barclays came under fire after revealing its corporation tax bill stood at £113 million in 2009 - a fraction of its multibillion-pound profits.<br /> </p><p><br /> The bank said in its additional submission to the committee that the corporation tax bill was lower due to "UK losses brought forward principally arising from credit write downs".<br /> </p><p><br /> A Barclays spokeswoman said: "Barclays takes its responsibilities as a corporate citizen very seriously. We comply with taxation laws in the UK and in all the countries where we do business - both in the spirit and the letter."<br /> </p><p><br /> Further action by UK Uncut is planned against the Royal Bank of Scotland on February 26, protesters added.<br /> </p><p><br /> A spokesman said: "We are tired of companies ripping off the public and using economies of scale and clever accounting laws to get away with not paying taxes.<br /> </p><p><br /> "We are tired of us paying into the public sector and seeing our public sector decimated, while corporations are effectively getting away with theft. It's legal but immoral."<br /> </p>

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