The Telegraph-
JPMorgan is said to be close to a £500m settlement with the Government over taxes avoided through an offshore trust used for bonuses.
The bank is reportedly winding up the Jersey-based trust and has asked more than 2,000 current and former staff to contribute to the settlement. It comes as corporations’ tax affairs face increased scrutiny, with Starbucks this week bowing to public outrage and making a voluntary £10m annual offering to HMRC.
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