“Earlier this year Bob Diamond admitted to MPs that Barclays paid just £113 million in corporation tax during 2009 – around 1% of the £11.6 billion in profit it made that year.”

You’re still pushing that one are you?

Someone, somewhere, gosh, I can’t remember who, showed that up for a pile of tripe didn’t they?

https://liberalconspiracy.org/2011/03/01/barclays-paid-a-billion-quid-in-tax-but-not-to-us/

Oh yes, that’s the one.

Blimey, do you even read what you publish?

The BBC’s right-wing bias? Really?
Do you never watch Question Time or listen to The News Show on R4?

Show me a left-wing equivalent of http://www.biasedbbc.com!

This is just one annual lecture.

@2

medialens.org

Or specifically, Google – site:medialens.org intitle:bbc

Pleasure.

@3

Thanks!

A wise school teacher once told me that you shouldn’t argue a cause unless you can argue the opposite… although in the Middle East I couldn’t argue either.

S

So the BBC Today business lecture is to be delivered by the CEO of one of Britain’s biggest companies – how can this be seen as right wing bias? I would have thought he would be a logical choice to deliver a lecture on challenges facing the business world.

Tim has already pointed out that the 1% 2009 Corporation tax claim is total nonsense. it is embarrassing that it has already been disproved and yet Sunny brings it up again.

And has he really been able to award himself his own pay deal? Apart from which when reading the linked article it is clear the £27m includes both deferred bonuses from prior years as well as potential future year bonuses – very misleading.

For a pedant Tim W – you seem to be slipping in your standards. What exactly is factually wrong with my statement? Do you know exactly how much of Barclay’s income was generated from UK operations?

Honestly, if we’re arguing if the BBC shows bias by having a man who earned £27m give a lecture, we’ve already lost.

When did it become acceptable for one man to earn £27m? That’s the real dicussion. The fact that someone can come out with the argument: “what’s wrong with him earning what he’s worth? Why do you want to limit what people can earn?” shows excatly how much ground we’ve conceded and how much work we have to do.

“The cash flow statement says, clearly, that Barclays paid £1177m in tax in 2009. That’s real cheques and bank payments sent to real tax offices worldwide. And, before you ask – it doesn’t include PAYE and national insurance, or local equivalents in foreign countries.

The tax figure here is solely on tax paid that’s corporation tax attributable to the bank, not tax that’s collected by the bank on other people’s behalf.”

That’s from the piece you published Sunny.

“Barclays paid just £113 million in corporation tax during 2009”

That’s what you’ve just said here.

I do hope you can see that there’s something of a conflict between the two statements? That one of the two of them has to be wrong?

Perhaps you’d like to correct the error? Whichever one you think it is?

Comparing UK corporation tax payments to global corporate profits including gains from sale of subsidiaries, is not a factual error, it’s what’s known as lying with statistics.

Oh balls, only factual in italics

It’s not lying with stats – just because you don’t like my interpretation.

The statement I made was from a national newspaper, which would have been sued if it were false.

lying with statistics does not mean citing false statistics, it means using true ones in a misleading way. I thought it was disgraceful reporting by The Guardian and it does not improve with repetition

@11

Did you actually read Tim’s link? Your statement that ‘Barclays paid just £113 million in corporation tax during 2009 – around 1% of the £11.6 billion in profit it made that year’ is clearly false – a simple check of the annual accounts would point this out.

Barclays responded to the Guardian as follows:

http://www.guardian.co.uk/business/2011/mar/01/how-barclays-pays-its-tax

Reading Tim’s link would have shown this to you.

“The statement I made was from a national newspaper, which would have been sued if it were false.”

Sirious? No, honestly, Sunny, you’re going with that?

So when the Mail says “immigrant hordes stealing British jobs and damaging house prices” we can all accept it’s true because a newspaper, because it would be sued if what it said was false, says so?

Umm, some serious advice mate. You really want to rethink that statement.

Now there is a way to make your own statement true. “Barclays, while making a global profit of £11. something billion in 2009, paid only £100 million and change in UK corporation tax in 2009.”

At which point we can all rush in and point out that the UK isn’t the only place that charges B corporation tax, that UK corp tax takes account of the foreign corp tax you’ve paid, that selling a subsidiary doesn’t attract corp tax because G. Brown said so, even that corp tax actually paid in 2009 refers to profits made in 2008.

But as Luis E says, B paid £100 million and change only in corp tax while making £11 billion in 2009 is, sorry to have to tell you this, at the damned lies end of the statistical spectrum.

And “a national newspaper said it so it must be true” is simply pathetic. What in buggery are you doing running a blog if everything the newspapers say is by definition true?

Ah Worstall, haggling like a hired shill over how much his gangster overlords have shafted and swindled us – as interesting, intelligent, pleasant and relevant as ever.

And Stuart – right wing bias on the BBC – really? Hey yeah man – really!!! The fact they’re given us a lecture from a man who should be one of many facing a modern equivalent of the Nuremburg trials is the clue.

@15: So Bob Diamond, CEO of Barclays, is “a man who should be one of many facing a modern equivalent of the Nuremburg trials”?

Interesting theory, that – banking and business seen as equivalent to WWII and The Holocaust.

What exactly would the charge(s) be?

@15 So who should the BBC have had deliver an annual lecture on issues facing the business world that would be non biased?

@Arthur Seaton – Godwins Law invoked. Stop talking now.

I’m all for listening to what bankers have to say for themselves.

After all, I need a lot of convincing as to why the banks are having to pay out billions to depositors in compensation for mis-selling Payment Protection Insurance. Surely, this isn’t due to a sudden fit of generosity on their part.

screw godwin!

@14 When the mail says something untrue about specific people or companies it can then be sued, vague groupings like ‘immigrants’ however are sadly fair game under current UK libel laws. But you already knew that.

The statement I made was from a national newspaper, which would have been sued if it were false.

Oh dear.

22 – it’s a keeper isn’t it?

@11

This is it, everyone. We’ve reached Peak Hundal. Things can only get better.

The corporate owner of the national newspaper Sunny is quoting from paid itself a dividend this year through increasing the debt at a company it owns with a private equity firm. Previously, that same newspaper’s owner cut the amount of tax it paid following a substantial acquisition by, among other things, setting up an offshore company in the Cayman Islands.

I know this because I saw it on the company’s balance sheet and its own website.

Let’s start here:

http://www.guardian.co.uk/media/2008/may/03/1

The silly Barclays story was just a cr*ppy “I’ll misread the balance sheet to get a story” crud that The Guardian thinks is proper journalism.

Well where is the very talented youth I met at the Old Vic and even reaheased him and tought him?

He refused to contact me – even if his bank did gross mistakes into my account?

I am poor as Job…

I have great projects instore…

But…

Robert please come back to us – do not be blinded with wheath.

You are and is a great guy I like you so much

Ms Claude Chagrin

I am a faithful friend of Robert…

I know him way back at the Old Vic when he was an actor there!!! Yes he was!!!

He is generous and by the way very talented and sensitive.

I like him very much…

Ms Claude C hagrin who was in the old days Movement Director at the Old Vic

Against Barclays :

This is a copy of the mail, which I sent to all members of the board and/or the executive committee of the whorehouse called barclays. Taking into account what happened very recently, my only purpose of was to humiliate, offend, disparage and consequently lead to hell all of them.

What happened ?

By the end of the last week I opened my business account at a Piccadilly Circuits Branch (London, UK). Everything was signed the type of account was chosen and I received a welcome package containing, between others, a set of CDs for on-line banking. Suddenly, I learn today by phone (!!!)
that my account was declined. Why ? I was not informed about this. I incorporated
my company in UK in June, I don’t have any debt. Thus why ? Because I traveled very much, because I have twenty or more off-shore accounts over the world ?

I even don’t like to know “why” and don’t like to have NEVER any relationship with this bank.
Normally I should eliminate all members of the Board and of the Executive Committee of this bank. However, I don’t like go to prison, I will kill all of them with my words in this contribution.

Why not to start with the band chairman called Marcus Agius, How are you today stupid fucking bastard ? Was your beef bayonet worked a lot last night ? If your banana is tiered, go to loo, piss
a little and smoke a pink cigar.

And a stupid bob diamond, which his various piddly implications, still knows
what is his one-eyed monster ? Always busy, isn’t it ? His only distraction is
playing pocket billiards

A chris lucas looks always very funny and prefer Vatican Roulette.
How many children he has already ?

David booth – non-executive director seems to be one of the right person to be executed,
The description of his work is such that he probably do strictly nothing, car he’s always plastered,
in the working hours. As a chairman of the board risk committee he is in charge to be
the first to test all new kinds of biers and other drinks before serving them to other board members.

So called richard broadbent has an excellent function of an “independent director”. It’s nice to read plod mag all the day and plays with himself .

One can’t forget alison carnwath and it’s even interesting to read his biography in details. This is an example of a guy who didn’t do nothing during his life and was employed for 20 years in one company before joining by the back door barklays, where he is in the “boards” already for 10 years. H’s just a
pencil pusher and an artist in pissing around.

Finally, I must not forget Fulvio Conti. I like this Italian gaga and he is the only person to whom I feel some sympathy.
Simon fraser ? He spent almost 30 years with Fidelity International (1981 to 2008). I think this is only possible for guys who clean every day Gentleman’s relish from the director pants.

I hope that reuben jeffery III stay in US all the time. The gak gives him some energy, but he will be fired after this economic situation and will die soon.

An andrew likierman a member of the Board Audit Committee and the Board Risk Committee just take money for doing nothing. All knows that this is HM herself who found for him this position. In spite of his frequent smiles, he can’t dissimulate his face tired by an excess of ganja and his needle dick well known to all here secretaries.

The board is decorated by one piece of skirt dambisa moyo. Here role is very important. She help all gentlemens to hide their salami when they have nothing to do (which is a normal situation).

A michael rake has nothing to do with barclays, with only one exception – take an additional salary.
The same concerns an john sunderland. He could still serve as a widow-consoler but his blue-veined piccolo doesn’t permit this.

Robert le blanc has been the chief risk Officer for barclays group since 2004. I hate such a kind of job and I’m astonished that he’s not fired yet. Drink a glass of vino, go to a nettie and cut his artery.
This is the best what he can do.

Mark harding joined barclays as group general counsel in 2003. Included within his area of responsibility are legal and regulatory compliance issues throughout the bank. May be his heat seeking moisture missile can motivate some table-ender mams. What else he can do, in order to receive his large salary? I don’t know why such parasites still exist.

Antony jenkins is another guy who do nothing, with the exception of making moves on someone from his personnel and smoking grass even in his office. In addition, he’s a grass in other terms and I don’t advise you to tell antony too much, if you don’t want to get into trouble.

Thomas kalaris is Chief Executive of Barclays Wealth, a leading global wealth manager. Master of choking the chicken he can be presented as the most lasy person in the barclays group. Since the time he vomited over all his office, is somebody here who seen him again ?

Jerry del missier is Co-Chief Executive of Barclays Capital and Co-Chief Executive of Corporate & Investment Banking. He is a member of both the Barclays Group and Barclays Capital Executive Committees. His third leg is so long that he used to eat from the plates putted on the floor. When his enter his trouser snake into fanjeeta, it exits by the snout of a girl, which make here vomit.

Maria ramos is the Group Chief Executive of Absa Group Ltd, a subsidiary of Barclays PLC. Her Grand Canyon in well known in the entire group, but here carrier is mostly due to here passion for
driving the Hershey highway.

Rich ricci – nobody know what to do with this idiot, thus, he becomed Co-Chief Executive of Barclays Capital and Co-Chief Executive of Corporate & Investment Banking. No comments.

Sally bott is a member of the Executive Committee of Barclays. She was appointed as Group Human Resources Director in April 2011. In spite of here fried-eggs he will always be an interesting Cock holsterfor for all the above mentionned “gentelmens”.

I made just a short overview of the sclerotic and incompetent members of the board and of the executive committee of barclays. In addition to this, there are hundreds of different type of advisers.
In particular, the obsession of the “security” and of the “selection of customers” is difficult to accept. At least few thousands of peoples at the governance level should be immediately fired without any compensation.

Concerning the director of the Piccadilly Branch, I wish him only disasters and a terrible suffering
during the death.

Pip-pip!

@28

Based on your post I don’t balme Barclays for not opening an account for you.