Motion S4M-12281: HSBC

10 Feb 2015

That the Parliament notes the recent reports suggesting that, in 2010, HSBC helped many of its wealthier clients to evade tax through branches in Switzerland; further notes recurring reports of large companies such as Amazon and Starbucks paying what it understands to be dubious amounts of corporation tax; believes that wealthy individuals, companies and banks should not attempt to act against the spirit of the tax system, illegally or otherwise; understands that high levels of tax evasion and avoidance are particularly significant during a time of austerity, and believes that more should be done to ensure that all wealthy people and companies pay a fair share of tax.