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UK banks pay more tax on higher balance sheet levy, corp tax changes

Thursday, November 10, 2016 - 05:50

London

BANKS in the UK paid £34.2 billion (S$58.9 billion) in tax in the latest fiscal year - 9 per cent more than a year earlier - reflecting an increase in the levy on balance sheets and changes to corporation tax, a report from the British Bankers' Association (BBA) shows.

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