• Thu
  • Oct 2, 2014
  • Updated: 3:29am

Banking Secrecy

French HSBC tax case report reveals US$5b in Swiss funds

France needs to beef up its methods of fighting tax evasion, according to a parliamentary report on a probe into HSBC that revealed US$5 billion (HK$38.8 billion) of undeclared assets in thousands of Swiss bank accounts.

Thursday, 11 July, 2013, 11:16am