“As countries share more information, opportunities to squirrel away cash abroad will continue to narrow”. Cites TJN on the Common Reporting Standard (CRS).
Belgium may use arrest warrants against HSBC directors The Irish Times
“Prosecutors may step up part in global inquiry if request for information fails to yield results”
UK: Pressure mounts for formal investigation into HSBC unit Financial Times (paywall)
“The US, France, Belgium and Argentina are all doing it. So why do UK authorities seem reluctant to formally investigate HSBC’s Swiss private bank over allegations that it proactively helped thousands of clients to dodge the taxman?… One key to understanding why the UK seems to be going easy on HSBC dates back to a multibillion pound deal over tax evasion Switzerland signed with the UK in 2011.” See recent blogs UK-Swiss tax deal: TJN letter to UK Chief Treasury secretary, and UK government on Swiss tax deal: TJN was right
HSBC tax row: Le Monde owners attack newspaper’s coverage The Guardian
“Owners hit out at decision to name wealthy Swiss account holders, sparking row over paper’s independence”
Wall Street Whistleblowers: After The Largest Leak In Banking History, Are They Safe? International Business Times
The answer is “no”. See also recent blog: Tax haven whistleblowers: where are the human rights organisations?
Is there a problem with lobbying? L4BB
On Transparency International’s new report: Lifting the Lid on Lobbying: The Hidden Exercise of Power and Influence in the UK’