HSBC stolen data finds its way to tax authorities
12 Mar 2010, Kevin Reed, AccountancyAge
http://www.accountancyage.com/aa/news/1809653/hsbc-stolen-tax-authorities
Thousands of HSBC accounts details have been stolen in Switzerland and passed onto the French and Swiss tax authorities.
Around 15,000 existing and 9,000 former clients have been affected, after a former HSBC IT specialist stole the data.
HM Revenue & Customs is interested in receiving details of UK citizens' details from the stolen data, reports the FT.
It is unclear whether the authorities will use the information to scour for tax dodgers.
Further reading:
© Incisive Media Investments Limited 2012, Published by Incisive Financial Publishing Limited, Haymarket House, 28-29 Haymarket, London SW1Y 4RX, are companies registered in England and Wales with company registration numbers 04252091 & 04252093
Visitor comments
outrageous
This is a discrace ! State sponsored crime ! Items stolen to order ?
Posted by: Spike , 12 Mar 2010 | 00:00
Stolen Data
Surely this data is the property of the company and using it would be akin to being in possession of stolen property; a crime in itself. I have no doubt that UK tax authorities are willing to breach those boundaries, do they have any limits legal or otherwise to their activities. They appear to be above the law in so very many areas that an enquiry is surely warranted.
Posted by: Joe Bloggs , 12 Mar 2010 | 00:00
Proceeds of Crime Act
It would be interesting to see the various tax authorities prosecuted for handling stolen goods or seeking to profit from them....
Posted by: Andy , 15 Mar 2010 | 00:00
Whither outrage of the sheeple?
I wonder if this will elicit as much outrage as the phone hacking scandal. Probably not, because it doesn't pertain to emotionally motivated drivel and thus will allow the vast majority of hypocrites that comprise the British population to endorse it, because they are too sheepish to figure out themselves how to pay less tax.
Posted by: Anthony , 13 Oct 2011 | 18:15