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Page last updated at 11:09 GMT, Saturday, 19 February 2011

People 'staggered' at Barclays' tax bill

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A member of the Treasury Select Committee, Labour MP Chuka Umunna, has said people will find it "quite staggering" that the corporation tax Barclays Bank paid last year was less than 3% of its £4bn profit.

Mr Umunna explains his view that Barclays' tax affairs are complex and what what is needed is fairness.


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