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Pin to quick picksHSBC Holdings Share News (HSBA)

Share Price Information for HSBC Holdings (HSBA)

London Stock Exchange
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Share Price: 696.50
Bid: 692.50
Ask: 692.80
Change: -5.20 (-0.74%)
Spread: 0.30 (0.043%)
Open: 707.00
High: 714.60
Low: 685.00
Prev. Close: 701.70
HSBA Live PriceLast checked at -

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British tax authority faces legal challenge on stance over HSBC

Thu, 30th Apr 2015 23:01

LONDON, April 30 (Reuters) - A campaign group has begun alegal process that could lead to Britain's tax authority facinga judicial review over its failure to take a tougher line withpeople alleged to have used accounts with an HSBC unitin Switzerland to evade tax.

The February leak of documents on thousands of Swiss bankaccounts has caused embarrassment for businesspeople andpoliticians across the world and left HSBC facing scrutiny fromlawmakers and law enforcers in Europe and the Americas.

Rights group Avaaz said in a statement on Friday that it hadwritten to Her Majesty's Revenue & Customs (HMRC) asking why itoffered Britons named in the leaked records the opportunity toescape prosecution by bringing money onshore via a tax amnesty.

If Avaaz is unhappy with the response, it can apply to theHigh Court for a judicial review on whether HMRC's actions werelawful.

Avaaz is represented by law firm Leigh Day, whichrepresented campaign group UK Uncut in its action for a judicialreview of a tax deal HMRC cut with Goldman Sachs.

A High Court judge ruled in that case that HMRC had actedlawfully, but the revelation of details of the negotiationsbetween the two sides was embarrassing for both.

HMRC said it had acted "effectively" on the HSBC data and"will strongly contest any action".

HSBC declined to comment. (Reporting by Tom Bergin; Editing by David Goodman)

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21 Feb 2024 07:02

HSBC profits soar 78% but miss forecasts on China exposure

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21 Feb 2024 06:52

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21 Feb 2024 05:57

TOP NEWS: HSBC launches USD2 billion buyback on record annual profit

(Alliance News) - HSBC Holdings PLC on Wednesday announced further share buybacks as annual profit soared on the back of higher interest rates, though its fourth-quarter performance suffered due to an impairment.

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20 Feb 2024 16:52

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20 Feb 2024 12:29

Wednesday preview: Fed meeting minutes, HSBC in the spotlight

(Sharecast News) - Investors' focus in the middle of the week will be on the release of the minutes of the Federal Reserve's most recent policy meeting, in January.

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14 Feb 2024 14:15

UK earnings, trading statements calendar - next 7 days

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Centrica PLCFull Year Results
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Petra Diamonds LtdHalf Year Results
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Tate & Lyle PLCTrading Statement
  
Comments and questions to newsroom@alliancenews.com
  
A full 21-day events calendar is provided each day with a subscription to Alliance News UK Professional.
  
Copyright 2024 Alliance News Ltd. All Rights Reserved.

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9 Feb 2024 17:02

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Bank of England fines HSBC for "serious" deposit protection failures

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30 Jan 2024 07:27

HSBC slapped with £57.4m fine for deposit protection failures

(Sharecast News) - HSBC bank has been fined £57.4m by the Bank of England after admitting serious failings in protecting customer deposits.

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25 Jan 2024 10:05

Bank of England says 'ring fencing' capital rules for retail banks need no major overhaul

LONDON, Jan 25 (Reuters) - The Bank of England said on Thursday that its rules requiring banks to "ring fence" their retail arms with bespoke buffers of capital have worked "satisfactorily" with no major overhaul needed.

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