Monday, February 9, 2015

HSBC bank 'helped clients dodge millions in tax' - BBC News

HSBC bank 'helped clients dodge millions in tax' - BBC News


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.

HSBC admitted that some individuals took advantage of bank secrecy to hold undeclared accounts. But it said it has now "fundamentally changed".

Read the full article here.

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