French investigate HSBC over possible tax dodging
PARIS (AP) — HSBC bank was placed under formal investigation in France over services it offered to clients required to pay taxes in France, just days after the private banking branch was charged in Belgium with organized fiscal fraud. Switzerland-based HSBC Private Bank said Friday that French investigators demanded a 50 million euro ($62 million) bond. The office of France's financial prosecutor confirmed that an investigation was opened on Tuesday. France's government is increasingly cracking down on tax dodgers, including establishing an ...
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