HSBC financial institution ‘helped purchasers dodge millions in tax’

HSBC financial institution ‘helped purchasers dodge millions in tax’

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Documents suggesting Britain’s greatest financial institution helped cheat the Treasury out of millions of pounds of tax dangle been got by the BBC. Panorama has seen hundreds of accounts from HSBC’s non-public financial institution in Switzerland leaked by a whistleblower in 2007.They display veil bankers helped purchasers evade tax and equipped deals to merit tax dodgers preserve sooner than the law. HSBC admits another folks held undeclared accounts, but says it has now “essentially changed” its procedures. Richard Bilton reviews.

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