U.S. banking giant switches billions in debt to Britain to avoid paying corporation t

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U.S. banking giant switches billions in debt to Britain to avoid paying corporation t

16th August 2008, 00:50:AM

Investment bank Merrill Lynch may not have to pay UK tax for decades. The Wall Street giant could be eligible for a tax holiday of more than 50 years after making billions of pounds of losses on 'exotic investments.'

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Tags: bank, britain, debt, holiday, investment

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U.S. banking giant switches billions in debt to Britain to avoid paying corporation t

U.S. banking giant switches billions in debt to Britain to avoid paying corporation t

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