Bank 'in sweetheart deal over tax'

Updated
Goldman Sachs
Goldman Sachs

The tax authorities reached a "sweetheart deal" with Goldman Sachs to avoid "grave embarrassment" after the "aggressive" banking giant threatened to withdraw from a new code of practice aimed at reducing tax avoidance, the High Court has been told.

The accusation was made by tax activists UK Uncut Legal Action, who say rich companies are wrongly being let off paying millions in tax while the Government imposes tough austerity measures on the poor.
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