20 thoughts on “HSBC banking scandal and the British government

  1. Dear friends,

    British mega-bank HSBC helped arms dealers, dictators and the super-rich avoid taxes. But now that the scandal has hit the headlines we can clamp down on this rogue bank and the tax dodgers they help, so it never happens again. Add your voice now:

    SIGN THE PETITION
    Leaked documents have just revealed how British banking giant HSBC helped the world’s super-rich hide their money and dodge their taxes. Politicians in London are about to let them get away with it, but this is our chance to end impunity for tax dodgers!

    Instead of paying their taxes like the rest of us, politicians, CEOs and celebrities used secret Swiss bank accounts held with HSBC to keep their hands on billions that could have gone to health and education. If any of us had done this we’d face years in jail, but Britain’s government has given the bank a free pass, even making its former chairman a minister!

    But now UK finance minister Osborne faces an imminent election, and is very sensitive to public pressure, so our million-strong call, delivered via ads and with legislators, could get him to investigate, prosecute, and send the tax-dodging elite a powerful signal: no one is too big to jail. Let’s win this fast in Britain, HSBC’s base, then take this global:

    https://secure.avaaz.org/en/hsbc_15/?bHFhfab&v=53752

    The leak shows how bankers helped pull off a giant global tax swindle, giving details of more than 100,000 HSBC customers who held secret Swiss bank accounts, from which they could extract stacks of cash with no questions asked. This isn’t an isolated case — we are losing $1 trillion a year to the tax dodging super-rich.That’s enough to end extreme world poverty many times over!!

    It’s outrageous that the UK government knew what HSBC was up to and did nothing about it, but together we can change that. There is a growing call in Britain for HSBC to face real consequences for its actions, and we can supercharge it with a global outcry against tax impunity.

    HSBC and their tax dodging customers are expecting to get away with this unscathed. Let’s demand the British government make a global example of them to send a crystal-clear message that we won’t tolerate tax evasion or the banks that facilitate it. Sign below to join the call:

    https://secure.avaaz.org/en/hsbc_15/?bHFhfab&v=53752

    Our community has helped change laws on bank fraud and bankers’ pay, and now we can tackle the collusion between banks and billionaires which is making our societies more unequal and threatening the services we all hold dear. We can’t accept one rule for rich and another for the rest of us.

    In determination,

    Alex, Bert, Laila, Ari, Marie and the whole Avaaz team

    MORE INFORMATION

    HSBC could yet be prosecuted over tax-dodging scheme, warns Loretta Lynch(The Guardian)
    http://www.theguardian.com/news/2015/feb/10/hsbc-tax-files-loretta-lynch-prosecution

    Pressure mounts for formal investigation into HSBC unit (Financial Times)
    http://www.ft.com/intl/cms/s/0/d3845c28-b14a-11e4-831b-00144feab7de.html#axzz3RRDDlU3A

    Banking Giant HSBC Sheltered Murky Cash Linked to Dictators and Arms Dealers (ICIJ)
    http://www.icij.org/project/swiss-leaks/banking-giant-hsbc-sheltered-murky-cash-linked-dictators-and

    HSBC files show how Swiss bank helped clients dodge taxes and hide millions (The Guardian)
    http://www.theguardian.com/business/2015/feb/08/hsbc-files-expose-swiss-bank-clients-dodge-taxes-hid

    Explore the Swiss Leaks Data (ICIJ)
    http://www.icij.org/project/swiss-leaks/explore-swiss-leaks-data

    Like

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