Tuesday, April 05, 2016

HSBC, Coutts & Rothschild: British banks help the 1% evade tax

Hsbc bank singapore
(RT) Big British banks have allegedly been helping the rich and powerful ferret away their wealth beyond the taxman’s reach for decades, according to explosive revelations in the Panama Papers.

Some of the world’s biggest banks were implicated in the largest data leak in history on Monday, including Britain’s HSBC, Coutts, and Rothschild, and Swiss banks UBS and Credit Suisse.

MPs and activists have attacked bankers for facilitating the use of near-invisible offshore firms used by criminals, terrorists, celebrities and politicians to hide their money.

Read more here.


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