HSBC

The Guardian‘s roundup of the nefarious practices at HSBC as highlighted by the Swiss whistle blower.

Tax Research UK notes:

So, at the same time as it was being decided it was worthwhile pursuing very large numbers of people for benefits related issues, including non-payment, through the UK court system it was decided that it was not a good use of that system to pursue wealthy people and their professional advisers for proven, deliberate, large scale criminal acts of theft.

What this says is bankers, tax accountants and their wealthy clients are above the law and other people are not. Of all the things that HSBC and its fraudulent conduct has revealed this is perhaps the most shocking.

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