BUENOS AIRES, November 28. /TASS/. Argentina has charged UK’s HSBC, the world's second largest bank, of helping clients to evade taxes, the head of Argentina's AFIP tax agency said on Friday.
Ricardo Echegaray said HSBC has helped more than 4,000 citizens to evade some $3 billion taxes by stashing their money in secret bank accounts, namely in Switzerland.
The fraudulent schemes allegedly involved both individuals and entities.
The bank, which has 6,600 offices in 80 countries across Africa, Asia, Europe, North America and South America, has rejected the claims of participating in illicit activities.