Hbsc In French Probe Over Possible Tax Dodging

Business Heds Index, Seattle Post-Intelligencer: Business
Fri, 11/21/2014 - 6:06am

PARIS (AP) — HSBC says it has been placed under formal investigation in France over services it offered to clients required to pay taxes in France. In a statement Friday, Switzerland-based HSBC Private Bank said French investigators demanded a 50 million euro ($62 million) bond. France's government is increasingly cracking down on tax dodgers, including establishing an office dedicated solely to investigating financial crimes. HSBC said the investigation involves the bank's actions from 2006-2007.

Topics: paris ap switzerland-based hsbc private bank french hsbc hsbc france hsbc tax investigation million

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Hbsc In French Probe Over Possible Tax Dodging

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