UK Uncut makes high court challenge to Goldman Sachs tax deal

Source: Gyardain

A deal worth at least £10m between banking giant Goldman Sachs and the head of HM Revenue and Customs is set to be challenged in the high court on Wednesday by tax-avoidance campaign group, UK Uncut Legal Action.

The high court in London is expected to hear that a multi-million pound agreement sealed with a handshake between David Hartnett, the head of HMRC, and Goldman Sachs senior employees, which permitted the investment conglomerate to keep back £10m in back taxes, should be quashed under judicial review.

UK Uncut Legal Action have accused customs officials of giving the US multinational giant favourable treatment in a settlement of a tax dispute which saw Goldman Sachs let off £10m in interest payments.

Read more: http://www.guardian.co.uk/uk/2012/jun/13/uk-uncut-challenge-goldman-sachs-tax?newsfeed=true

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Tax avoidance campaigners win court battle to challenge an alleged 'sweetheart' deal between HMRC and Goldman Sach

breaking on BBC News.............will update