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The Independent: Banks may complain but they have it pretty good

The banks have been banging on about the inequities of the banking levy ever since George Osborne quite reasonably decided they ought to pay something for the privilege of being underwritten by the taxpayer – writes James Moore in The Independent. The study co-authored by  Geoff Meeks, Professor of Financial Accounting at Cambridge Judge, found that UK corporation tax paid by major UK banks has fallen “dramatically” despite global profits hike.

Read the full article [independent.co.uk]