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Argentina Charges HSBC
World Economy

Argentina Charges HSBC

Argentina’s tax investigation agency has charged the British bank HSBC with helping thousands of Argentines to commit tax evasion. The charges were said to be related to bank accounts in Switzerland, DW reported. The Argentine inland revenue service AFIP said on Thursday that it had charged HSBC with helping more than 4,000 Argentines evade some $3b in taxes. The money was said to have been handled by intermediaries using offshore accounts, including accounts in Switzerland that were linked to HSBC Argentina. “We have filed a charge for tax evasion and illicit association relating to bank accounts in Switzerland,” said AFIP director Ricardo Echegaray.

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