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.


FrenchTribune Specials

Small Alterations can make Huge Asteroids Break Apart in Space without Affecting

It is always a big concern for researchers as how they can avert potential collision between huge asteroids and earth. A new research suggests of disturbing different forces responsible for putting together massive asteroids.

By doing the same, these asteroids would break apart in outer space without causing any harm to earth. It can be...

Most Popular

Insurance Discrimination faced by Patients Including High Medication Costs

More than 300 patient advocacy groups recently wrote...

FDA Rejects Teen Suicide Victim’s Eyes Owing to his Gay Status

Food and Drug Administration rejected donation of a...

esearchers Find Sixth Hole During Last 6 Weeks in Mount Baldy

Researchers have been actively looking out for holes in...

Interstellar Space Particle may have been Found

As per a paper published in the journal Science, first...

Poll

Can Greece Come out of Economic Problems: