Barclays on Tuesday vigorously defended its tax structuring activities after the Liberal Democrats said leaked documents suggested it had engaged in a “systematic attempt to avoid paying tax”. In a letter to Vince Cable, Lib-Dem Treasury spokesman, John Varley, Barclays chief executive, said he was confident the leaked papers did not highlight “any deficiency in our disclosures and explanations” to the UK tax authorities. See FT Alphaville’s take on the escalating controversy.

This entry was posted by Gwen Robinson on Wednesday, March 18th, 2009 at 5:08 and is filed under Capital markets. Tagged with barclays. Edit this entry.