The Bank of Tax Cheats

In this episode of BBC’s Panorama, serious questions are raised for the British government and the city of London, all in regards to an apparent effort by the biggest bank to help some of their biggest and most wealthy clients dodge paying tax.

When the government found out about this scheme, Panorama asks why weren’t the cheats or the banks prosecuted? and even more curious, why was the banker in charge of all this controversy appointed to the government itself?

Panorama also managed to get their hands on some leaked files that reveal how HSBC turned a blind eye to crime and interview a whistleblower who says that the HSBC has broken it’s promise to change.

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  1. No reason they should be any different than in the USA. Banks that were too big to fail are now bigger – no prosecutions that I know of all these years later. I lost 30% of my money in 2007-8. Funny (not) how the rich and powerful get away with whatever they want.