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Old 11-02-2015, 16:39   #5
Osem
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Re: HSBC subsidiary implicated in tax avoidance

The story which keeps on giving:

http://www.bbc.co.uk/news/business-31425084

Quote:
Top officials at HM Revenue & Customs have been shouted down by MPs, angry at their lack of urgency in dealing with the HSBC tax dodging scandal.

Margaret Hodge, chair of the Public Accounts Committee, accused Lin Homer, HMRC chief executive, of a "pathetic response".

Ms Homer denied she had failed to take firm action against UK citizens hiding money in HSBC accounts in Geneva.

She said it was "absolutely not the case" she was failing the UK taxpayer.
I seem to recall a certain Lin Homer being somewhat less than successful at the Home Office and Border Agency but there were other criticisms too.

http://en.wikipedia.org/wiki/Lin_Homer

Some people do seem to get on in life don't they...

Meantime, Miliband's been making some pretty serious allegations and has been challenged to repeat claims he made about Lord Fink outside of Parliament, without the protection of parliamentary privilege.

Quote:
At Prime Minister's Questions in the Commons, Mr Miliband called on Mr Cameron to say what steps he was going to take "to find out about the tax avoidance activities of Lord Fink".

'Local bank account'

In a letter to the Labour leader, Lord Fink said Mr Miliband's allegations, made under the protection of Parliamentary privilege, were "untrue and defamatory".

He said he had opened an account in Switzerland when he worked there because "I had need of a local bank account to do simple things like receive my Swiss franc salary and pay grocery bills".

"I find it extraordinary that you have made claims against me that are without foundation or without contacting me," wrote the peer.

"I challenge you to repeat your allegation outside the House of Commons - or to withdraw it publicly."
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