This video from the USA says about itself:
Tax Day 2011 Demonstration Outside Citigroup
22 April 2011
By Luke James in Britain:
Osborne accused of ‘soft touch’ on tax-dodge banks
Monday 4th January 2016
It means that seven of Britain’s 10 biggest investment and commercial banks paid no tax in 2014 — despite making almost £6 billion in profits here.
“This news will also be completely disheartening to the millions of us UK taxpayers who bailed out the banks and continue to pay the price for their past actions and excesses.”
Citi Group made £283 million, but past losses reduced its bill to zero, while Credit Suisse reported losses in Britain.
Experts said it was likely that the bank reported most of its European profits in Switzerland, which has a lower tax rate.
They were able to escape tax after Mr Osborne caved in to threats from banks to leave Britain if he did not cut the bank levy.
“The truth is that bankers see George Osborne and this government as one of their own, and the feeling is mutual,” Mr McDonnell added as he demanded the cut be reversed.
Technology giant Google’s pathetically small British tax payment confirms once again that major corporations operate virtually unhindered by national governments: here.
In 2012, the top 400 U.S. taxpayers—those who took home more than $100 million—paid an effective tax rate of under 16.7 percent. These 400 households collectively comprise 0.0001 percent of taxpayers, but accounted, by themselves, for roughly 1.5 percent of all income: here.