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Yup, it is also a British bank, a pre-cursor to HSBC that created the first shadow banking system. The UK has by far the largest network of control over tax ha
by drucken 13y ago
Yup, it is also a British bank, a pre-cursor to HSBC that created the first shadow banking system.
The UK has by far the largest network of control over tax haven jurisdictions, with the exception of the mighty Delaware.
- bornhuetter 13y agoExactly. You don't see that mentioned very often in the papers, though... If Google and Amazon are evil, then so are half the "British" banking and insurance companies. It's common practice to channel profits and off to countries like Bermuda to avoid both tax and regulation.