Banks Can Be Anonymous In Credit Suisse's £239M Tax Suit
Law360, London (January 29, 2019, 8:44 PM GMT) -- After complaints by two undisclosed banks, a London judge has shielded certain companies in Credit Suisse's £239 million ($314 million) lawsuit claiming British taxes on bank bonuses imposed in the aftermath of the financial crisis violated European state aid rules.
Chief Master Matthew Marsh ordered that all non-taxable banks appearing on a spreadsheet produced by Her Majesty's Revenue and Customs are to be redacted from the document, according to an order filed Jan. 24.
Meanwhile, employees for taxable banks that did not pay out bonuses over £25,000 are deemed "not relevant" by the Finance Act of 2010 and may also be redacted, according to...
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