View all newsletters
Have the short, sharp Spear's newsletter delivered to your inbox each week
  1. Wealth
March 15, 2010

ST: UK govt getting stolen Swiss data

By Spear's

THE government is set to acquire the Swiss bank account details of up to 6,600 wealthy Britons suspected of evading tax after data were stolen from HSBC by one of its workers.

THE government is set to acquire the Swiss bank account details of up to 6,600 wealthy Britons suspected of evading tax after data were stolen from HSBC by one of its workers.

HM Revenue & Customs (HMRC) expects to benefit from the exploits of Hervé Falciani, a French software engineer.

He illegally obtained the details of 24,000 customers with accounts at HSBC’s private bank in Switzerland while working for the company in Geneva three years ago.

Falciani, 38, has sold some of the information to the French government, which has used it to begin a tax investigation.

Now the taxman is about to get the details of British account holders from its French counterpart as part of an information exchange.

To read the full story, visit timesonline.co.uk

Content from our partners
Why investors should consider investing in nature
HSBC Global Private Banking: Revisiting your wealth plan as uncertainty abounds
Proposed non-dom changes put HNW global mobility in the spotlight

Select and enter your email address The short, sharp email newsletter from Spear’s
  • Business owner/co-owner
  • CEO
  • COO
  • CFO
  • CTO
  • Chairperson
  • Non-Exec Director
  • Other C-Suite
  • Managing Director
  • President/Partner
  • Senior Executive/SVP or Corporate VP or equivalent
  • Director or equivalent
  • Group or Senior Manager
  • Head of Department/Function
  • Manager
  • Non-manager
  • Retired
  • Other
Visit our privacy policy for more information about our services, how Progressive Media Investments may use, process and share your personal data, including information on your rights in respect of your personal data and how you can unsubscribe from future marketing communications.
Thank you

Thanks for subscribing.

Websites in our network