US EditionHSBC Agrees to Pay €300 Million to End French Tax Dividend Probes
15 Articles
15 Articles
After negotiations with the National Financial Prosecutor's Office, HSBC agreed to pay €267 million to pay for large-scale tax fraud, thus avoiding a trial. A justice system negotiated with major groups that anchors in France, to the detriment of the conventional criminal sanction.
HSBC bank is scheduled to appear before the Paris court on Thursday in the tax fraud case called
"Cumcum" Strategy: Hsbc Bank Goes to the Cash Register to Avoid a Lawsuit for "Aggravated Tax Fraud"
On Thursday, the British bank signed a public interest judicial agreement with the National Financial Prosecutor's Office: €267.5 million against the cessation of criminal proceedings.
It is the second bank, after the Crédit Agricole, to acknowledge its guilt in this massive fraud of the dividend tax. L'Agreement with the National Financial Prosecutor's Office approved on Thursday puts under pressure the other banks targeted by judicial investigations.
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