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Harry Potter and the riddle of RBS's disappearing tax bill

From 2003-2006, UK bank avoided or delayed paying about £1b in taxes using "sale-and-leaseback" deals

The filings show that RBS owns rights to the third and fourth Harry Potter films, Troy, Batman Begins, Charlie and the Chocolate Factory, and at least 20 other movies.


IT'S the kind of magic worthy of a graduate of Hogwarts School of Witchcraft and Wizardry: Royal Bank of Scotland Group Plc (RBS) conjured up at least £1 billion (S$2 billion) in tax breaks by investing in controversial financing deals for Harry Potter films and a host of other...

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