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Press watch: HMRC and Goldman

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‘A controversial tax deal between Goldman Sachs and HM Revenue & Customs, which saw the investment bank agree a settlement that reportedly saved it millions of pounds in interest, could face a challenge in the High Court.

‘Leigh Day, the law firm, acting on behalf of action group UK Uncut Legal Action, has written to HMRC threatening legal action in the form of a judicial review if the tax deal reached between HMRC and Goldman Sachs in December 2010 is not quashed.’

Financial Times, 28 October 2011