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Old 09-02-2015, 09:08   #1
Ignitionnet
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Join Date: Jun 2008
Location: Leeds, West Yorkshire
Age: 47
Posts: 13,995
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HSBC subsidiary implicated in tax avoidance

What a shocker.

http://www.bbc.co.uk/news/business-31248913
http://www.theguardian.com/business/...-hide-millions

Quote:
Britain's biggest bank helped wealthy clients cheat the UK out of millions of pounds in tax, the BBC has learned.

Panorama has seen thousands of accounts from HSBC's private bank in Switzerland leaked by a whistleblower in 2007.

They show bankers helped clients evade tax and offered deals to help tax dodgers stay ahead of the law.
This is the same HSBC that settled a case of money laundering for drug barons, amongst others, in the US a couple of years back.

The UK is yet to even attempt to send any of these crooks to jail. This really needs to change. London is a financial cesspit in dire need of disinfection.
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