Osborne defends HMRC buyback loophole closure
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Osborne defends HMRC buyback loophole closure

The UK’s Parliament has published a letter from Chancellor George Osborne defending the closure of a tax loophole for banks profiting from buyback of their own debt. The letter comes after Osborne was asked to comment on a letter from former Barclays chief executive Bob Diamond, by Andrew Tyrie, chairman of the Treasury Select Committee.

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