Stephen Green, Baron Green of Hurstpierpoint
Britain prepares 'to review bank tax to stop potential exodus'
Britain is prepared to review a tax on banks to head off the threat that large multinational banks like HSBC could leave London?s financial center and shift their operations overseas, the Sunday Times reported, citing industry sources.
HSBC publishes apology in British papers over tax evasion claims
HSBC published a full-page letter in British newspapers on Feb. 15 to offer its "sincerest apologies" for past practices at its Swiss private bank, which has been accused of helping clients to evade tax.
HSBC condemns past practices as pressure grows over Swiss accounts
The head of HSBC's private bank has told staff past practices that may have allowed some clients to dodge taxes are unacceptable, with the company facing pressure on both sides of the Atlantic over its conduct.