Leaked Files Suggest HSBC Helped Clients Dodge Taxes

A cache of secret files allegedly reveals that global banking giant HSBC helped tax dodgers stay ahead of the law, conceal millions of dollars worth of assets and dole out bundles of untraceable cash. The secret files were obtained through an international collaboration of news outlets, including the Washington-based International Consortium of Investigative Journalists, The Guardian, and the BBC’s Panorama. The organizations claim the files reveal that HSBC’s private Swiss bank aggressively marketed schemes likely to enable wealthy clients avoid European taxes. HSBC holds $7.6 trillion in overseas tax havens The leaked files relate to accounts holding over $100 billion. The documents allegedly…