Protesters target Barclays over tax bill

[Dunamis]

Quote:Protesters target Barclays over tax bill
21 February 2011 9:20 am | By Natalie Holt

Barclays Bank was targeted by anti-tax avoidance campaigners at the weekend after the bank revealed it paid the equivalent of just 1 per cent of its 2009 profits in corporation tax.

Barclays admitted last week it paid £113m in UK corporation tax in 2009, against a profit of £11.6bn.

The protests were organised by action group UK Uncut, which says it occupied around 50 Barclays branches.

The bank was forced to close several branches after protesters occupied branches in areas including London, Edinburgh and Birmingham.

Police were called to London’s Tottenham Court Road branch after 50 protesters descended on the office with banners saying “we are not all in this together”.

Treasury select committee member Labour MP for Streatham Chuka Umunna forced the disclosure about the corporation tax payment from Barclays chief executive Bob Diamond last week.

Umunna said it was “shocking” that Barclays had paid so little in corporation tax, and said that “people are going to be very angry about this.”

Under the current corporation tax system, Barclays was able to offset losses against tax along with taxes paid on its overseas business.

Further protests are planned for this weekend and are set to target Royal Bank of Scotland and NatWest branches, following the announcement of their results this week.

Related:
TriWooOx & Co. - UK Uncut Barclays Bail-In (London)
UK Uncut protesters spied upon by undercover police
UK Uncut Liverpool - Tesco Takeover
UK Uncut targets Topshop and Vodafone over tax arrangements

[Dunamis]

From another thread, cheer TriWooOx:

(02-21-2011 07:05 PM)TriWooOx Wrote:  There is also a us version now of uk uncut!!

http://www.usuncut.org/