LONDON - HSBC's Swiss private bank hid
millions of dollars for drug traffickers, arms dealers and celebrities
as it helped wealthy people around the world dodge taxes, according to a
report based on leaked documents that lifts the veil on the country's
banking secrecy laws.
The report from the International Consortium of Investigative Journalists and several news organizations comes as governments seek to crack down on tax evasion to bolster treasuries depleted by the financial crisis and staunch criticism that the rich aren't paying their fair share.
The leaked documents cover the period up to 2007 and relate to accounts worth $100 billion held by more than 100,000 people and legal entities from 200 countries.
Read more at Click here / www.trade4x.net
The report from the International Consortium of Investigative Journalists and several news organizations comes as governments seek to crack down on tax evasion to bolster treasuries depleted by the financial crisis and staunch criticism that the rich aren't paying their fair share.
The leaked documents cover the period up to 2007 and relate to accounts worth $100 billion held by more than 100,000 people and legal entities from 200 countries.
Read more at Click here / www.trade4x.net
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