My thanks to the loyal readers who have let me know that HMRC have just appointed a new Director of Debt Management & Banking, who happens to be ex Barclays.
Anyone know his name please?
Anyhoo, he starts today; so my very best wishes to him.
I dare say that he can help HMRC follow up on Lord Oakeshott's request in April this year that HMRC investigate Barclays' Protium deal in September 2009.
Under the arrangement, Barclays sold $12.3BN of toxic assets to Protium, a
Cayman Islands company founded with a $12.6BN loan from the bank.
I have no qualms about tax avoidance. However, HMRC has been banging on for quite some time that it does not like avoidance. Therefore I dare say it will be very keen to look into this issue and clarify where it stands on the matter.
I have no qualms about tax avoidance. However, HMRC has been banging on for quite some time that it does not like avoidance. Therefore I dare say it will be very keen to look into this issue and clarify where it stands on the matter.
Tax does have to be taxing.
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Barclays were voted worse bank in a recent survey so what do HMRC do go an employee someone who spent 20 years there. You couldn't make it up.
ReplyDeleteCorrect to my comment above: "the worst..."
ReplyDeleteMaybe moving from the worst bank to the worst government department will be less of a culture shock for him than it would be for someone else.
ReplyDeleteA banker running the debt collection system, WTF next, tax policy from tax avoidaance experts?!
ReplyDeleteWhat do you mean we already have?
Oh yes, I see who you mean, didn't he give a speech in Manchester today?
LOL
Graham Brammer is the man from Barclay
ReplyDeleteThought for the day;
ReplyDeleteWould that be the same Graham Brammer that was appointed non-executive director of the Customs & Excise and Inland Revenue Estates and Contract Management Board (Property Week 23 january 2004)?
Also, the same graham Brammer who is a proponent of the Performance Dashboard, a tool that produces an at a glance indication of service levels on asset management contracts?
Double revolving door anyone?
There we are then!