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Goldman Sachs let off paying £10m interest on failed tax avoidance scheme

Leaked documents show top tax official shook hands last year on secret settlement described by sources as a 'cock-up'

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Goldman Sachs
offices in central London. Goldman begrudged paying its share of UK
national insurance on partners' six-figure bonuses. Photograph: Luke
Macgregor/Reuters



Britain's tax authorities have given Goldman Sachs
an unusual and generous Christmas present, leaked documents reveal. In a
secret London meeting last December with the head of Revenue, the
wealthy Wall Street banking firm was forgiven £10m interest on a failed tax avoidance scheme.HM
Revenue and Customs sources admit privately that the interest-free deal
is "a cock-up" by officials, but refuse to say who was responsible.Documents


Added: Oct-11-2011 Occurred On: Oct-11-2011
By: 24038462
In:
World News, Other News, WTF
Tags: Goldman, Sachs, £10m, interest, failed, tax, avoidance, scheme,
Location: United States (load item map)
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