Sunday, October 16, 2011

Why Occupy London Stock Exchange?

Must read article, lots of good stories :

Goldman Sachs wanted to employ London staff through a subsidiary firm in the British Virgin Islands tax haven. In April 2010 Goldman lost a legal action, leaving the government in line to collect £30.8 million plus £10 million in interest. But in a private meeting between Goldman Sachs and the permanent secretary of HM Revenue and Customs, Dave Hartnett, the £10 million in interest was simply waived, in what the Metro described as a, 'sweetheart deal.' Mr Hartnett, Goldman Sachs and HMRC have all declined to comment on the allegations although HMRC has said it 'could not respond to incomplete and therefore fundamentally flawed' accounts of arrangements.

One demand, I think, should be that the minutes of ALL government deals with private corporations should be publicly viewable online.

No comments: