Swiss banks have been scrutinized the last few years for alleged unscrupulous business conduct. So what unethical practices are they accused of?
Tax Justice Report
HSBC: Corporate Rap Sheet
“Once a staid financial institution with a focus on Asia, HSBC has found itself caught up in recent years in scandals involving predatory lending, tax evasion and the role its lax internal controls have played in helping drug traffickers and organizations said to be linked to terrorist groups.”
Swiss bank secrecy in toughest test since Nazi gold
“Nearly one-third of wealth kept abroad globally is in Swiss banks: the Swiss Bankers Association and consultants estimate this at $2.2 trillion, making the Alpine state the globe’s biggest offshore center ahead of Britain and Luxembourg.”
How Are US Companies Avoiding Billions in Taxes?
Subscribe to TestTube Daily!
TestTube’s new daily show is committed to answering the smart, inquisitive questions we have about life, society, politics and anything else happening in the news. It’s a place where curiosity rules and together we’ll get a clearer understanding of this crazy world we live in.
Watch more TestTube: http://testtube.com/testtubedailyshow/
TestTube on Twitter https://twitter.com/TestTube
Trace Dominguez on Twitter https://twitter.com/TraceDominguez
TestTube on Facebook https://facebook.com/testtubenetwork
TestTube on Google+ http://gplus.to/TestTube
Download the New TestTube iOS app! http://testu.be/1ndmmMq
Special thanks to Lissette Padilla for hosting TestTube!
Check Lissette out on Twitter:https://twitter.com/lizzette