Tax scandal hits HSBC

Leaked bank account files have revealed HSBC’s Swiss banking arm has allegedly been “help[ing] wealthy customers dodge taxes and conceal millions of dollars of assets,” reports The Guardian.

As a result of the leak, says The Guardian, banks should expect renewed “calls for crackdowns on offshore tax havens.” Read more.

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Staff

The staff of Advisor.ca have been covering news for financial advisors since 1998.