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'Britons evaded £200m in tax' using HSBC-owned Swiss bank
British clients of an HSBC-owned private Swiss bank that is the focus of a major HM Revenue & Customs investigation are alleged to have evaded tax by an amount likely to exceed £200m, the Observer has learned. The potential scale of the tax loss will heighten pressure on trade minister Lord Green, who was chairman of HSBC's private banking division during the period the HMRC is investigating. He is already facing questions from MPs about the bank's links to Mexican drug cartels and terrorists that came to light this month in a devastating US Senate investigation. Emails released as part of that ... (full story)
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forget about tomorrow, just steal away into the night