World's biggest banks to unlock US$160bn of tax credits
March 27, 2013 at 14:06 PM EDT
March 27 (IFR) - The world's largest banks hope to cash in on more than US$160bn of tax credits in the coming years, as they look to offset their tax bills against losses racked up through the credit crisis, creating a boon for investors and denying billions of taxes to governments in the US, UK and elsewhere.