Barclay Brothers' Tax Shock

Mail on SundayJune 28, 2004

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Summary


SIR David and Sir Frederick Barclay, the new owners of the Telegraph newspaper group, pay negligible tax on their UK businesses, scrutiny of their companies' latest accounts reveals.

The reclusive twins, who live on their own island in the Channel Islands, won the newspapers last week with a bid of Pounds 665 million.

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Extract


Barclay Brothers' Tax Shock

During the course of the auction, advisers to Holl...

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