Forgiving Goldman Sachs Tax Interest Was ‘Mistake,’ HMRC Says
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The U.K.'s tax authority “made a mistake” in agreeing to forgive Goldman Sachs Group Inc. as much as 10 million pounds ($16 million) of interest on unpaid tax, its most senior official said.
“I’m entirely responsible for the Goldman Sachs mistake,” Her Majesty’s Revenue and Customs Permanent Secretary for Tax David Hartnett told a parliamentary committee in London today. It was investigating his role in an agreement HMRC made with the New York-based investment bank in December.