HSBC bank ‘helped customers dodge millions in tax’

HSBC bank ‘helped customers dodge millions in tax’

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Documents suggesting Britain’s finest bank helped cheat the Treasury out of millions of kilos of tax had been got by the BBC. Panorama has viewed hundreds of accounts from HSBC’s non-public bank in Switzerland leaked by a whistleblower in 2007.They exhibit bankers helped customers evade tax and provided affords to aid tax dodgers discontinue earlier than the regulations. HSBC admits some folks held undeclared accounts, but says it has now “fundamentally modified” its procedures. Richard Bilton experiences.

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