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HSBC tax scam: 20 Irish account holders made €4.5m settlements with Revenue Commissioners

bySahar
02/03/2015
in Uncategorized
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DUBLIN: Twenty Irish account holders have since made settlements with the Revenue Commissioners worth over €4.5m.

The world of banking is reeling after it emerged financial giant HSBC was helping wealthy customers hide money from the tax authorities.

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Details of its private bank in Switzerland were released after a whistleblower leaked information about clients around the world who had been availing of Swiss bank secrecy laws.

A total of 350 people associated with Ireland held 892 accounts with HSBC in Geneva worth a total of €3.1bn.

Tags: HSBC

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