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Barclays Libor Fixing Scandal

Barclays Libor Fixing Scandal Barclays chief executive, Bob Diamond, insisted that he is not about to resign as leader of the bank following revelations about the Barclays Libor Fixing Scandal. Bob Diamond, Barclays’ chief executive, has turned down his bonus for the year because of the FSA investigation into the bank’s rate fixing (Reuters) Barclays […]


This is how the K2 tax avoidance scheme works

This is how the K2 tax avoidance scheme works The recent Times investigation into tax avoidance in the UK said television personality and comedian Jimmy Carr used an offshore wealth management scheme called K2, this is how the K2 tax avoidance scheme works. How the K2 tax avoidance scheme works is by high UK earners […]


K2 Tax Scheme

K2 Tax Scheme The regime, called K2 Tax Scheme, is provided by accounting firm Peak Performance Accountants and allows its 1,100 clients to pay as little as 1%  income tax, an investigation by The Times has revealed. It works by transferring salaries into a Jersey-based trust, which lends investors back the money. As the loan can technically be recalled, […]