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George Osborne is committed to the banking sector to subscribe to a code of practice on tax evasion

Chancellor promises came in advance research published by the Congress of trade unions which shows UK lenders can avoid ￡ 19bn tax in future years by shifting profits against the enormous losses during the financial crisis.

The TUC describes the effectiveness of the refund of the tax as a "special double grant" aging-out industry.

Coalition is already cracking down hard on the banking sector, impose an annual fee. 5bn ￡ 2 on large risk financing and threaten "financial activities"tax on premiums and the profits that analysts believe may raise another. 5bn ￡ 3.

However, Secretary-General of TUC Brendan Barber said blade outstanding against potential income of banks in their "deferred tax assets", adding: "Removal of the Government, it is small change compared to the enormous loss as show business levels quo bonus".

The TUC research carried out by tax independent expert Richard Murphy, also found that banks will be able to reduce their rate of tax on corporations 24pc 17pc "exploiting legal loopholes", while small businesses do not have money to spend on sophisticated accounting will pay a rate of 20pc.

Pledge of Mr. Osborne on tax evasion is an attempt to ensure banks comply with "not only with the letter but with the spirit of the law", as the former Chancellor Alistair Darling said when he wrote the code.Bien was introduced by work, only four of the major British banks 15 signed, Mr. Osborne revealed yesterday.

"We will examine the code of practice that banks were supposed to sign, to make them good taxpayers," Mr. Osborne told the BBC. "I will be demanding in November that all banks sign up for the thing that the last Government said they were going to be signed up and pay what is due.?

The Treasury Board would not identify banks, which include commercial lenders as well as high street names that have not signed, citing privacy contribuable.Un spokesman of say how add more tax relocation, lifting the speculation that the promise is little more than a year of public relations.

However, after the taxpayer injected ￡ 70bn banks and provided billion in emergency funding, that the larger banks have yet to sign on the dotted line will renew pressure on industry to act appropriately.

Economists believe that represents ￡ in bonuses will be paid in the city this year.

A British Bankers Association spokesman said: "our members conduct regular interviews with ies and comply with all the right".the State aid to banks were not a "grant" but rather of a loan, she added.

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