Friday, August 15, 2008

How not to pay Corporation Tax for Decades

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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