HSBC. The bank of cheats.
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No, I think that you should get on their case. What is wrong is tarring all people who work for banks with the same brush, or saying that no one who works for a bank should get rewarded because of the actions of a few rogue elements.
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I am referring to a certain number of posters on here who seem to find ways to justify the banking system's actions no matter what they get up to.
The global financial crisis was in no way just the banks' fault, but they sure played their part. Something that certain high level bankers still seem unable to accept.
#13
These were the actions of bankers in Switzerland back in 2005-2007 and details a list of tax evaders in a number of European countries that the Swiss facilitated. I assume the tax dodgers needed a more sophisticated system than say bartering for example to evade the payment of tax (hypothetically speaking of course. )
#14
As it happens, I work in the finance industry but I'm just a lackey. This kind of banking has no effect on me financially.
My point though is if say a politician was caught lying or going back in their policy promise, would it be news?! We all know this is what goes on, and nothing will come of attempts to infiltrate the system. One or two people will be arrested (maybe) and nothing will change. To say it isn't news was perhaps an exaggeration, but I don't think it's anywhere near as newsworthy as it's being made out to be, certainly not lead story.
My point though is if say a politician was caught lying or going back in their policy promise, would it be news?! We all know this is what goes on, and nothing will come of attempts to infiltrate the system. One or two people will be arrested (maybe) and nothing will change. To say it isn't news was perhaps an exaggeration, but I don't think it's anywhere near as newsworthy as it's being made out to be, certainly not lead story.
Last edited by ReallyReallyGoodMeat; 09 February 2015 at 11:07 AM.
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Have I done that? Er.... No!
I am referring to a certain number of posters on here who seem to find ways to justify the banking system's actions no matter what they get up to.
The global financial crisis was in no way just the banks' fault, but they sure played their part. Something that certain high level bankers still seem unable to accept.
I am referring to a certain number of posters on here who seem to find ways to justify the banking system's actions no matter what they get up to.
The global financial crisis was in no way just the banks' fault, but they sure played their part. Something that certain high level bankers still seem unable to accept.
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These were the actions of bankers in Switzerland back in 2005-2007 and details a list of tax evaders in a number of European countries that the Swiss facilitated. I assume the tax dodgers needed a more sophisticated system than say bartering for example to evade the payment of tax (hypothetically speaking of course. )
#20
TBH if there's a (legal) service available to you to avoid paying taxes, and you are responsible primarily to your shareholders, why wouldn't you take advantage of their services?!
I've not read the details of the SwissLeaks but is the implication that it is illegal activity going on? Or just clever avoidance.
I've not read the details of the SwissLeaks but is the implication that it is illegal activity going on? Or just clever avoidance.
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TBH if there's a (legal) service available to you to avoid paying taxes, and you are responsible primarily to your shareholders, why wouldn't you take advantage of their services?!
I've not read the details of the SwissLeaks but is the implication that it is illegal activity going on? Or just clever avoidance.
I've not read the details of the SwissLeaks but is the implication that it is illegal activity going on? Or just clever avoidance.
#25
So back to the topic, a few Swiss employees with slack governence in the Swiss banking arm of HSBC helps rich Europeans break local tax laws betweeb 2005-2007, but lets give the UK media and a few politicians a chance to politicise it during bonus season as the bankers are due for some more bashing.
#26
TBH if there's a (legal) service available to you to avoid paying taxes, and you are responsible primarily to your shareholders, why wouldn't you take advantage of their services?!
I've not read the details of the SwissLeaks but is the implication that it is illegal activity going on? Or just clever avoidance.
I've not read the details of the SwissLeaks but is the implication that it is illegal activity going on? Or just clever avoidance.
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Generally you don't take kindly to anything I say and take it as an affront to you personally, but just for clarity, I wasn't implying anything so no need to get so defensive. Batering was raised recently as a hypothetical question to avoid taxation, the Swiss helped people evade tax and therefore thought was relevent in a slightly humorus way hence the smiley. If you thought my comment was some how inscendary I can't help you as you, I and many others appreciate, we don't have to tread on eggshells when posting on this forum. If anyone questions your tax status, just point them to the bartering thread, job done!
Anyway I will take you on your word so no worries
#28
As it stands, there's criminal investigations in France, Belgium, US, Argentina and Switzerland. Currently 1000 (a seventh of the total) accounts are under investigation. There's questions being asked as to why HMRC seem to be slow to react.
Plus what the politicians actually knew over the period this was happening.
Plus what the politicians actually knew over the period this was happening.
#29
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As it stands, there's criminal investigations in France, Belgium, US, Argentina and Switzerland. Currently 1000 (a seventh of the total) accounts are under investigation. There's questions being asked as to why HMRC seem to be slow to react.
Plus what the politicians actually knew over the period this was happening.
Plus what the politicians actually knew over the period this was happening.
Why has it taken until now for things to start going into swing.
Does Blair have undeclared investments in tax havens? It would explain alot....
#30
As it stands, there's criminal investigations in France, Belgium, US, Argentina and Switzerland. Currently 1000 (a seventh of the total) accounts are under investigation. There's questions being asked as to why HMRC seem to be slow to react.
Plus what the politicians actually knew over the period this was happening.
Plus what the politicians actually knew over the period this was happening.