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HSBC Banking Leak Shows Tax Avoidance, Dealings With Criminals
An anonymous reader writes: Data in a massive cache of leaked secret bank account files lift the lid on questionable practices at a subsidiary of one of the world's biggest financial institutions. HSBC's Swiss banking arm did the following: Routinely allowed clients to withdraw bricks of cash, often in foreign currencies of little use in Switzerland; Aggressively marketed schemes likely to enable wealthy clients to avoid European taxes; Colluded with some clients to conceal undeclared "black" accounts from their domestic tax authorities; and provided accounts to international criminals, corrupt businessmen and other high-risk individuals. For its part, HSBC admits that it is liable for past transgressions but claims its practices have changed.
Avoiding is not illegal. Evading is illegal.
Bill Clinton: "I did not evade tax with that woman! . . . I just avoided it . . . a bit . . ."
Schroedinger's Brexit: The UK is both in and out of the EU at the same time!
can take care of the the entire homeless problem. Let's start with seizing that.
Political debates have me rolling my eyes so much I think I got optical whiplash. I should sue. - Foamy The Squirrel
I'm not sure why you would bring race or medical conditions into this argument. I'm sick of people using ad hominem on our son. You, sir, are a horrible person!
People should always be trying to avoid taxes. Blindly paying whatever taxes are assessed is foolish and will always lead to the levying of more and more taxes because due to greed and human nature. Governments are incapable of ever lowering taxes in any real or meaningful way. The only way to avoid runaway taxation is perpetual tax avoidance. Many people go so far as to consider taxation theft, and avoidance patriotic.
As I get older, it becomes easier to understand why most revolutions start with hanging a bunch of the rich and powerful from lampposts.
To have a right to do a thing is not at all the same as to be right in doing it
Are you stalking me or what?
Never underestimate the power of stupid people in large groups.