Boss of anti-tax bank has Swiss account, Panama company!

[JohnD]

HSBC has confirmed that its chief executive Stuart Gulliver uses a Swiss bank account to hold his bonuses.

The bank was responding to a report in the Guardian that Mr Gulliver has £5m in the account which he controls using a Panamanian company.

The bank pointed out that Mr Gulliver lives in Hong Kong and pays taxes there and has also paid any taxes required in the UK.

The statement did not mention the Panamanian company.

The details about Mr Gulliver's tax arrangements have emerged on the same day that HSBC publishes its annual results.

http://www.bbc.co.uk/news/business-31579026

 

[Brigadier]

How much tax have you avoided?

 

[JohnD]

None, except that I have some premium bonds, and if I ever win a million, it will be tax free. I am also contributing to a pension, and my contributions are not taxed, but if I live to collect it, the pension payments will be.

How many benefits have you claimed?

 

[Brigadier]

How many benefits have you claimed?

None - I work for a living, although I think the missus gets child benefit for the kids.

I'm also PAYE, so tax is taken at source.
Also, I can't do cash jobs like tradespeople have the opportunity to, where they can avoid tax.

 

[JohnD]

And you consider that is relevant to HSBC's behaviour.

 

[Brigadier]

And you consider that is relevant to HSBC's behaviour.

Non-sequitor.

You really need a lie down.

 

[JohnD]

And you consider that is relevant to HSBC's behaviour.

which is why you chose to start talking about other things on a thread about HSBC.

 

[Brigadier]

And you consider that is relevant to HSBC's behaviour.

which is why you chose to start talking about other things on a thread about HSBC.

A thread about tax, not benefits (you threw that in later).
And about a person's personal financial affairs, not HSBC.

Clue - "Mr Gulliver's tax arrangements". His. Not HSBC's.

Do get some sleep - you need it.