HSBC's ability to appear whenever allegations of tax evasion arise is becoming almost monotonously predictable. Today it's in the Harry Redknapp case. Yes, it was HSBC who ran his Monaco account.
And still The Rev Lord Stephen Green, former CEO and Chairman graces the corridors of power as a Tory trade minister. Wouldn't it be more useful if he explained what his bank was doing in tax havens?
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Today, I have demanded “Free The Redknapp Two” in my concern for the welfare of his dogs in these troubled times. If Vodaphone can have it all, why not Harry?
Good job I get your humour!
Perhaps it is Rosie who should be in Court, not Mr Redknapp – I wonder if he will raise this as a complete defence?
From the BBC website:
He asked the court whether Mr Redknapp could have been unaware of the account even though he had flown to Monaco two years earlier to set it up in the name of his dog, Rosie.
Well seeing it is one of the largest banking groups in the world……
However, I’m more interested in whether or not you are suggesting impropriety on the part of HSBC.
I think since a bank has a duty to stop tax evasion the recurrence of HSBC being in the news poses questions it has to answer
Only if it has knowledge of tax evasion and assuming that there is legislation in operation in the country concerned that obliges the bank to act.
It has to ask
That is its duty