Barclays Bank gags mainstream media over tax scam
Julian F | 19.03.2009 22:57 | Globalisation
According to the mainstream media, Barclays Bank has secured a High County injunction against the Guardian revealing details of a highly-sophisticated tax scam. It reported today:
“The internal Barclays memos were leaked by a mole to the Liberal Democrats. The new allegations reiterate claims that the bank's main purpose in entering into these schemes was to make profit from tax avoidance through an intricate circuit of offshore Cayman Islands and Luxembourg companies. The profits are said to be enormous and the deals so complex that HM Revenue & Customs (HMRC) struggles to unravel them.”
It explained:
“Earlier today a judge confirmed the ban, saying the documents contained confidential commercial information and legal advice. The Guardian is also banned from giving information about other publicly accessible sources of copies of the documents.”
But Barclays Bank cannot do anything about the fact that the documents are freely available at Wikileaks:
http://wikileaks.org.uk/wiki/Barclays_Bank_gags_Guardian_over_leaked_memos_detailing_offshore_tax_scam%2C_16_Mar_2009
And neither can it gag the non-uk media:
http://www.azonline.ch/pages/index.cfm?dom=113&rub=100004700&arub=100211488&orub=100211474&osrub=100211488&Artikel_ID=102060762
“The internal Barclays memos were leaked by a mole to the Liberal Democrats. The new allegations reiterate claims that the bank's main purpose in entering into these schemes was to make profit from tax avoidance through an intricate circuit of offshore Cayman Islands and Luxembourg companies. The profits are said to be enormous and the deals so complex that HM Revenue & Customs (HMRC) struggles to unravel them.”
It explained:
“Earlier today a judge confirmed the ban, saying the documents contained confidential commercial information and legal advice. The Guardian is also banned from giving information about other publicly accessible sources of copies of the documents.”
But Barclays Bank cannot do anything about the fact that the documents are freely available at Wikileaks:
http://wikileaks.org.uk/wiki/Barclays_Bank_gags_Guardian_over_leaked_memos_detailing_offshore_tax_scam%2C_16_Mar_2009 And neither can it gag the non-uk media:
http://www.azonline.ch/pages/index.cfm?dom=113&rub=100004700&arub=100211488&orub=100211474&osrub=100211488&Artikel_ID=102060762
Julian F
Comments
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WOT? No comments??
21.03.2009 10:49
Here's somebody taken the trouble to publicize a genuine example of all that is wrong with the modern western world, laying it all out in words of one syllable - names, amounts, mechanism. These 'boring' non-ideological documents GIVE YOU the KEY to the CITY. Are you incapable of understanding what this means?
Seems so.
Carry on protesting...perhaps its all you know how to do? Party, agro, slogans.
Meanwhile, the greedy rich psychopaths continue to trample all over you.
Indymedia? A joke, surely? If not, these documents wouldn't just be 'hiding' on wikileaks, they would be FRONT PAGE CENTRE
RIGHT HERE!!
jg