Trades Union Congress – Banks to knock £19 billion off their tax bill despite taxpayer bail out

Despite being rescued by taxpayers during the crash, UK banks will avoid paying £19 billion of tax on future profits by offsetting their losses during the financial crisis against their tax bills. This is equivalent to more than £1,100 for every family in the UK, a TUC report says today Monday.

via Trades Union Congress – Banks to knock £19 billion off their tax bill despite taxpayer bail out.

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