Tag Archives: HSBC

HSBC in the News from Argentina to France

April 15, 2015  |   Posted by :   |   Tax Evasion,Unreported Income   |   0 Comments

1. HSBC has specifically targeted Argentina In an interview with the Buenos Aires Herald, John Christensen, head of the Tax Justice Network, an international advocacy group formed by researchers and activists, said Argentina was one of the key countries targeted by HSBC to evade taxes through its Swiss branch. At the same time, he warned […]

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UK unveils new measures to combat tax evasion

March 24, 2015  |   Posted by :   |   Tax Evasion,Unreported Income   |   0 Comments

The British Government is aggressively pursuing offshore tax evasion. In the past 4 years they have collected $147 billion in additional tax revenue from pursuing offshore tax evaders. By contrast the IRS 3 Offshore Voluntary Disclosure Programs (2009, 2011, 2012), over the last 5 years have only recovered less than $7 billion in unpaid taxes. […]

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Swiss Leaks: Tax Evasion in Times of Austerity

March 19, 2015  |   Posted by :   |   Tax Evasion,Unreported Income   |   0 Comments

by Ibrahim Warde, EqualTimes.org The French tax authorities, striving to combat fraud, keep replaying the hall-of-mirrors scene from Orson Welles’ 1947 film The Lady from Shanghai where the jealous husband’s shots keep hitting the lady’s reflection in the mirrors, and eventually she escapes. It will be the same for the investigation into HSBC’s Swiss subsidiary, […]

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HSBC Tax Scandal Ensnares the Rich and Powerful

February 24, 2015  |   Posted by :   |   Tax Evasion,Unreported Income   |   0 Comments

It was another bad week for British bank, HSBC. On Wed, 2/18, Reuters reported, Swiss Prosecutor Raids HSBC Office, Opens Criminal Inquiry Geneva’s public prosecutor searched HSBC’s lakeside Swiss office on Wednesday after opening a criminal inquiry into allegations of aggravated money laundering, the second probe to hit the bank this week. Then on Sunday, […]

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U.S. Court Orders HSBC USA to Provide Details of Customers with Offshore Law Firm

February 19, 2015  |   Posted by :   |   Tax Evasion   |   0 Comments

Panama based, Sovereign Management & Legal Ltd, has been described by the IRS & US government as “a one-stop shop for money laundering with structures and services that can be used for tax evasion.” Now, HSBC USA has been ordered by a US federal court to disclose records of Sovereign customers (who used HSBC USA […]

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HSBC India at Center of Fresh Tax Evasion Claims

February 17, 2015  |   Posted by :   |   Tax Evasion   |   0 Comments

On 2/10/15 Swiss Newspapers, Tages Anzeiger and Le Temps, reported that the latest files from the “Swiss Leaks” (H. Falciani, former HSBC employee) confirmed that during 2004 and 2005 HSBC bankers had at least 1645 meetings in 25 countries with clients (or prospective clients) to solicit them to open undeclared accounts. Meetings included: Paris and […]

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