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IPFS News Link • TAXES: Federal

HSBC clients scrutinized in U.S. tax evasion probe

• Reuters
The Department of Justice has opened a criminal investigation into whether some HSBC Holdings Plc clients may have failed to disclose offshore accounts, lawyers familiar with the probe said on Tuesday.
 
"The IRS had scored a very important victory against UBS, and is using that victory as leverage against other banks,"

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