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Investigation - Tax Wars

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Barclays’ tax deals face US scrutiny

The IRS is set to square off with Bank of New York Mellon in court in the first of several lawsuits over deals the UK lender structured for banks

Analysis: Global taxation, fiscal frustrations

A clampdown on a complex tax structure used by banks poses a test of US efforts to curb cross-border schemes. By Megan Murphy and Jeff Gerth

Related content and features

Day one

Tax wars: A fight worth billions

US banks’ deals with Barclays come under scrutiny, write Vanessa Houlder, and Megan Murphy of the FT and Jeff Gerth of ProPublica

Big banks targeted by IRS on tax breaks

Banks’ cross-border financial transactions are worth billions of dollars in tax benefits, finds joint investigation by the Financial Times and ProPublica

AIG “a pioneer” in tax credit deals

Lawsuit involves transactions of more than $2bn in financing with foreign banks that resulted in $62m in tax credits

Day two

Tax wars: the accidental billion-dollar break

A simple rule meant to cut paperwork for US companies has grown into one of the biggest multinational tax breaks

Tax policymakers consider global crackdown

OECD experts focus on companies’ ‘tax arbitrage’ tactics that exploit differing treatments between countries

Taxing problem of foreign credits

With the shift in US policy now evident and support among some EU member states, there has never been a better opportunity to move towards the goal of a harmonised tax base

Interactive

Tax wars: Looking at STARS

How banks and companies have used the tax system to their own advantage

Tax wars: The documents

Browse the database of documents, drawn from court filings and publicly available documents relating to the FT-ProPublica tax investigation.

Tax wars