'Surprise' that just one prosecution has followed HSBC cliams

A former senior tax official has expressed “surprise” that just one prosecution been brought by UK authorities in relation to alleged tax evasion by clients of HSBC’s Swiss banking arm.

Dave Hartnett, who was head of tax at HM Revenue & Customs, said that there needed to be “a really good look” at how the disclosures about HSBC Suisse were dealt with.