HSBC Bank Tax Evasion Scandal Breaks Open in UK; Ex-HSBC Chairman and Trade Minister Implicated in Cover-Up
*UK MPs knew of HSBC Swiss tax evasion claims in 2011
*Parliamentary Transcripts show tax chief told committee that Revenue had disc with names of potential tax dodgers, contrary to ministerial denials of knowledge
"Britain’s chief tax inspector told MPs in September 2011 that his department possessed a disc containing records from the Swiss subsidiary of a major UK bank – understood to be HSBC, contradicting Downing Street’s assertion on Tuesday that ministers only became aware of the scale of potential tax evasion through the bank at the weekend.
At the time, the former chairman of the HSBC, Stephen Green, was trade minister, having been appointed by David Cameron nine months earlier.
Hansard transcripts show that David Hartnett, the then head of HMRC, told a Treasury select committee investigation into tax avoidance: “I think the whole nation probably knows that our department has a disc from the Swiss – from the Geneva branch of a major UK bank – with 6,000 names, all ripe for investigation.”
http://www.theguardian.com/news/2015/feb/10/mps-knew-of-hsbc-swiss-tax-evasion-claims-in-2011
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