This made me Laugh
Merrill set to avoid UK tax after 29 Billion US dollar
Merrill Lynch is unlikely to pay corporation tax in the UK for several decades after $29bn (16 billion Pounds) of losses suffered by the US investment bank were charged to its London-based subsidiary.
So how not to pay taxes - lose your shirt!
Keep smiling
IMS Foreign Exchange
Pounds to US Dollar exchange rate is trading 1.9571
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