Wednesday, 1 May 2013

Economy News Headlines - Yahoo! News: UK taxman faces court challenge over Goldman "sweetheart deal"

Economy News Headlines - Yahoo! News
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UK taxman faces court challenge over Goldman "sweetheart deal"
May 1st 2013, 23:06

A Goldman Sachs sign is seen over their kiosk on the floor of the New York Stock ExchangeBy Estelle Shirbon LONDON (Reuters) - Britain's tax authority faces a court challenge on Thursday over a deal with Goldman Sachs worth an estimated 10 million pounds ($15.5 million) to the U.S. bank, a case aimed at pressuring the government into tougher action against corporate tax avoidance. The challenge by activist group UK Uncut Legal Action stems from public anger in Britain about how big and powerful firms succeed in paying less tax than many ordinary people struggling to cope with a stagnating economy and government spending cuts. ...


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