HSBC are vultures of the worst kind. They prey on kids going to university and offer free credit, but of course their credit is phantom money. They hook youngsters into the junkie system and the government goes along with it. It shouldn't be allowed. The current scandal is really bad, but HSBC is a despicable organisation that should be out on its fucking ears for hurting poor young people.
All of the UK banks are up to this kind of thing and it is abuse. You try being a young poor person and having no way up. There is no way up in UK society and trolls like HSBC offer their hand and like Shylock offer deceptive deals. Fuck them. Withdraw your money, screw them over. You owe nothing to them and if they come looking then rip them to shreds.
Their behavior means everyone has the right to rip off HSBC and so they should. There is no moral argument to say you are wrong.
I have ripped off HSBC in Dublin, when I kicked an ATM in Temple Bar district after doing 6 shots of Connemara peated Single Malt Irish Whiskey. A Venezuelan whore then invited me for a blowjob but I kept kicking the ATM.
HSBC is a criminal organisation full stop. They trade drug money, they hide billions in assets, but they target young Brits who have no idea about this fucked up world. Screw HSBC should be the motto.
Dirty illegal bank. Never pay anything to a fraudulent bank. Unless you are George Osborne off his head on coke and hookers.
All of them.
NatWest Offshore Banking
BBC News - Barclays to close 'tax avoidance' unit
and so on. And HSBC will still offer tax avoidance strategies to their customers, they'll just do it another of the various ways you can do it.
I would pay tax if it was reasonable like in different countries, like Australia and USA for example where it's reasonable! I can give you an example, Have anyone of you heard of Astrid Lindgren? She's was a Swedish writter who wrote books for children. a scandal arose in Sweden when Lindgren's marginal tax rate was publicised to have risen to 102%, And big companies move overseas for its impossible to have a business in here, Like Volvo, they are overseas now, Saab didn't move overseas and they got out of business instead. "capitalism is above the law It say, "it don't count 'less it sells" When it costs too much to build it at home You just build it cheaper someplace else." But companies that don't have the ability to move overseas have to do something about the high tax rate, so most of them lower the invoice/income, getting offshore banks just to survive, and the economic durring the past years been horrible! And we had an election not to far ago and it just went really bad.
But then when it come to a drug cartel its another thing. Somepoeple do it for survive, some people doing it for becoming rich. it's two different things
Last edited by Xwetie; 02-17-2015 at 03:53 PM.
Scandinavian countries all have a lower corporate tax rate than Germany does. Germany also has the strongest unions and the second-highest level of worker protections and benefits in Europe but also has the lowest unemployment rate, a booming export-driven economy and a massive trade surplus.
Firms like Nokia can come from nowhere in a country with zero tech heritage and become a world-class tech company so it would appear that there aren't too many barriers to business to succeed over there.
The sad thing is that this is just ONE Swiss Bank. I'm from The Bahamas and there are 55 passport holders accounting for nearly $7 bn dollars in Swiss Accounts.
While Obama, Cameron, etc,... want to talk about "offshore" banking in Caribbean jurisdictions, they need to focus on private banking in Europe.
Bank leak reveals billions from Caribbean stashed in Switzerland | Caribbean News Now
Bigger man George, bigger punch!
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Accruing tax liabilities and then simply not paying them is even more fun. A small time sole trader owes hundreds of thousands of dollars to the tax office. File for bankruptcy and like any other provable unsecured liability due and payable pre - bankruptcy date the Trustee only has to make income contributions to the creditor once a certain threshold is exceeded. "Controlling" net business income under this threshold operating as a sole trader is not realistic so a private company is created and an associate is made director (as a bankruptee must first be discharged before they are eligible to hold such office). Pay the bankruptee a paper wage that is conveniently under the threshold while a paper director's fee along with any other paper wages paid to other "employees" of the company are passed under the table to the bankruptee. Effectively the debt is written-off after a few years and business has carried on as usual. It is not just the big boys getting cheeky, it could also be your next door neighbour - the hundreds of thousands who fly under the radar.
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