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According to the Collins English Dictionary 10th Edition fraud can be defined as: "deceit, trickery, sharp practice, or breach of confidence, perpetrated for profit or to gain some unfair or dishonest advantage".[1] In the broadest sense, a fraud is an intentional deception made for personal gain or to damage another individual; the related adjective is fraudulent. The specific legal definition varies by legal jurisdiction. Fraud is a crime, and also a civil law violation. Defrauding people or entities of money or valuables is a common purpose of fraud, but there have also been fraudulent "discoveries", e.g. in science, to gain prestige rather than immediate monetary gain
*As defined in Wikipedia

Sunday, January 3, 2010

Goldman Sachs Considers Moving London OPs to Avoid New British Tax Rules

I suppose this is one way to get your point across. What was the UK thinking?


Goldman Sachs Group Inc (GS) has begun a review of its London operations that could result in entire departments going overseas to avoid paying increasing British taxes, the Daily Telegraph reported in its Monday edition.

The newspaper, which quoted unnamed sources, said the bank was understood to be considering its options after Britain announced plans for a new tax on bankers' bonuses, a new income tax rate and the increased banking regulations.

For the rest, head to Jr Deputy Accountant.


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