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Lloyds, one of the banks bailed out by the [UK] government, has been accused in court by the Treasury of using a subsidiary to pour hundreds of millions into transatlantic tax avoidance schemes.
Huge loans to American financial institutions were disguised as commercial investments for tax purposes, it is alleged in a case against the bank being brought by HM Revenue & Customs, a department of the Treasury. As a result, the money from the deals was treated differently for tax purposes on each side of the Atlantic…
The sting of the HMRC case is that millions of pounds of income, received in the UK as distributions from US investments, was granted tax relief on the basis that US tax had already been paid.
But in the US, where the cash was treated as interest payments on a debt, it was also granted tax relief…
Just another bank that got away with being a crook on both sides of the pond.
#20 Read much? Look it up, I did. Your head in the sand is not equal to no evidence. It is just equal to a child playing on Dvorak w/o parental permission.
#21, Cow-Patty,
So another smear just because you are too idiotic to actually think something through.
You’re a failure. A failure in life.
You’ve most likely never been employed, let alone held any “management” position.
It is doubtful you did anything after high school, even if you managed to finish that.
In high school you were picked on and unfairly treated.
You aren’t married, why is obvious.
You are physically small with a strong need to increase your penis size.
You are most likely in your mid 20s and seeing your hair get thinner every day and your belly getting closer to the keyboard.
You would love to join the Army but can’t pass their psychological test.
The basement, your old room, the attic, it doesn’t matter; you are still living in your mother’s house.
Your father left home and left you all alone with your mommy, who wouldn’t play catch with you. Not that you could catch a football anyway.
Your hate for homosexuals dates from the time your mother caught you wearing her lingerie and makeup.
Your hate for other races and nationalities is a prerequisite to join the “party”.
Now none of these traits are pulled out of the air. This are your profile (in my opinion) judged by your posts here at DU. While only you (and your mommy) know for sure, I fully expect you to deny all of them. But you won’t come out with a denial, instead you’ll insist on calling me some name and suggest I am still in grade school or off my meds.