Original sentence: Barclays and Jenkins referred to the practice as "tax arbitrage"
Edited sentence: Barclays and Jenkins referred to the practice as "tax arbitrage", however this is a misnomer and a misrepresentation because there are no arbitrage trades made when claiming the same tax deduction twice.It also is not investment banking because there are no paying clients, i.taxpayers and their respective tax authorities who were unaware of what Barclays was doing until The Wall Street Journal exposed it.the "paying clients" were the UK and U