https://www.accountancydaily.co/ ... over-us-tax-evasion
HSBC Swiss bank to pay $192m over US tax evasionHSBC’s private Swiss bank is to pay $192.35m to settle charges brought by the US authorities that it conspired with US taxpayers to evade taxes over a period of ten years
11 Dec 2019 Pat Sweet
Reporter, Accountancy Daily, published by Croner-i Ltd
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According to court documents, HSBC Switzerland admits that between 2000 and 2010 it conspired with its employees, third-party and wholly owned fiduciaries, and US clients to commit tax evasion and file false federal tax returns. In 2002, the bank had approximately 720 undeclared US client relationships, with an aggregate value of more than $800m. When the bank’s undeclared assets under management reached their peak in 2007, this had swelled to approximately $1.26bn. The court heard HSBC Switzerland employed a variety of methods to help US clients in
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發表於 2019-12-11 22:39:45
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