It\’s also noteworthy that RBS made a pretax loss of £399m but had a tax charge on those losses of £634m. That\’s about –160%! Given all the accusations of tax dodging that have been thrown at the banks, not least by Treanor herself, I would have thought this was noteworthy. Wouldn\’t you?
They\’re paying profit taxes on profits they don\’t have.
Hands up all those who think the banks are undertaxed?