HSBC’s British Client List investigated for tax Evasion

HSBC’s British Client List investigated for tax Evasion

A whistleblower has surely shocked HSBC, as he provided a list containing names, complete details and account balances of HSBC customers to HM Revenue and Customs (HMRC). The news was itself revealed by the HMRC, which announced that they have checked the details provided by whistleblower.

Main aim to go through the details is to see that any of them has tried to maintain offshore accounts just for the purpose that they can evade tax. While giving more information about the issue, the HMRC officials said that they got details of as many as 4,388 British customers.

Officials shared that they have been looking at the amount, which was never revealed to tax authorities. They wanted to know the exact reason of the same. When asked about any prominent names involved in the case, the officials said that a number of criminals, doctors, mine workers and celebrities are in the list.

"Clamping down on those who try to cheat the system through evading taxes and overclaiming benefits is a top priority for us and we value the information we receive", said HMRC.

On the other hand, HSBC said that they have not been told about any such investigation being carried out.

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