MercoPress. South Atlantic News Agency
Argentina's tax office demands HSBC Swiss branch repatriate of 3bn dollars in undeclared accounts
HSBC’s Swiss branch must repatriate the 3 billion dollars deposited in the 4,040 undeclared accounts held by Argentine citizens and companies, Argentina's AFIP tax bureau chief Ricardo Echegaray announced. Read full article
Comments
Disclaimer & comment rulesDoes anyone think that this is a sneaky way for the Argi government to get the Argi population to pay the “ holdouts ” in a round about way. No don't think so. Just transfer the money into my account or we sue.
Feb 14th, 2015 - 08:11 am - Link - Report abuse 0I bet TMBOA will get exemption on her accounts!
Feb 14th, 2015 - 11:06 am - Link - Report abuse 0HSBC, as international bank institution and guided by the world bank rules where its core is to protect depositors names and addresses and account balances, cannot openly meet Argentina's request, since HSBC will be suide by its clients if it complies with the Argentina's tax authorities.
Feb 14th, 2015 - 11:10 am - Link - Report abuse 0Of course, 3 Billion USD will tremendously help to the current financial crisis, since Argentina has substantially reduced its national reserve to 13 Billion USD, so has run after China seeking loans to finance its national fiscal budget.
Kirk Nelson,
New York, USA
@3. I was thinking something similar. I wonder on what basis AFIP thinks it should be able to take ALL of people's money?
Feb 14th, 2015 - 12:00 pm - Link - Report abuse 0So, undeclared Swiss bank accounts of argie origin. Undeclared to whom? And who says the money isn't tax paid? Or, in other words, argie 'government' living up to its history for thieving.
And remember..... These 3 billion is with just HSBC, how much is stacked away in the other Swiss banks?
Feb 14th, 2015 - 12:26 pm - Link - Report abuse 0I feel sorry or the average argentine, not nice to be raped on a daily basis by your own country.
Feb 14th, 2015 - 12:28 pm - Link - Report abuse 0Cue HSBC leaving Argentina.
Feb 14th, 2015 - 12:44 pm - Link - Report abuse 0There's not going to be many Int'l companies left there soon enough...
Again another British bank involved in money laundry and illegal activities.
Feb 14th, 2015 - 12:51 pm - Link - Report abuse 0I just wonder why I'm not surprise?
@Kirk
have you lost your USS Enterprise ship or what?
Go back to meet Mr Spock and talking shit will you mate?
The only reason they are targeting Swiss accounts is that they themselves sent their ill-gotten money elsewhere - to Seychelles, Panama, Antilles etc. Swiss bank accounts are sooo 1990.
Feb 14th, 2015 - 01:41 pm - Link - Report abuse 0That money is going nowhere - fast. Singer needs for rotting road kill to perfect their claim on it before he can attach it. Ultimately the bond payment will be accelerated and discovery will systematically vacuum up the rest.
Feb 14th, 2015 - 03:18 pm - Link - Report abuse 0All those insiders that cretina and crew have disenfranchised are now sympathetic to any and all of the k's enemies. The game is on.
So can we now take it that Switzerland , France and Britain has now been Warned, as well as the UISA for one thing or another,
Feb 14th, 2015 - 08:16 pm - Link - Report abuse 0I wonder who Argentina will pick on next,
how the desperate will do anything to attain someone else's money..
Same old Brits..
Feb 14th, 2015 - 09:30 pm - Link - Report abuse 0“For at least half a decade, the storied British colonial banking power helped to wash hundreds of millions of dollars for drug mobs, including Mexico's Sinaloa drug cartel, suspected in tens of thousands of murders just in the past 10 years – people so totally evil, jokes former New York Attorney General Eliot Spitzer, that ”they make the guys on Wall Street look good.“ The bank also moved money for organizations linked to Al Qaeda and Hezbollah, and for Russian gangsters; helped countries like Iran, the Sudan and North Korea evade sanctions; and, in between helping murderers and terrorists and rogue states, aided countless common tax cheats in hiding their cash”
Read more: www.rollingstone.com/politics/news/gangster-bankers-too-big-to-jail-20130214#ixzz3Re54KJrS
Its always the fault of the British.
Feb 15th, 2015 - 12:21 am - Link - Report abuse 0we have heard it all before.
Yes all the fault of the British!
Feb 15th, 2015 - 01:06 am - Link - Report abuse 0The Sinaloa drug cartel, Al Qaeda, Hezbollah, Russian gangsters, Iran, Sudan and North Korea and all those thieving Argentinans hiding their money are all innocent.
Amazing how upset/gleeful some Argentineans get about this when they so blindly ignore CFK robbing them blind.
Or is that the fault of Britain as well?
Well the Britons always are involved in drugs and criminal activities is not a secrete.
Feb 15th, 2015 - 02:33 am - Link - Report abuse 0In fact the activities that are growing faster in UKistan are illegal cannabis farms, cannabis growing in attics, the Postman that delivers cocaine made in Colombia and prostitution
Inside one of Britain's cannabis factories
http://news.bbc.co.uk/2/hi/uk_news/magazine/7412654.stm
http://news.bbc.co.uk/2/hi/uk_news/magazine/7412654.stm
Well in USAMEX also prostitution is a booming activity on these days.
http://news.bbc.co.uk/2/hi/uk_news/magazine/7412654.stm
For participants in this forum who regularly pester about the money Cristina would have stolen, they become amazingly friendly when it's bank the one that has allowed money from Argentina to evade taxes and state controls.
Feb 15th, 2015 - 07:07 am - Link - Report abuse 0Apparently there are two sorts of corruption. One is allegedly perpetrated by institutions or people of our like, and then there is alleged corruption perpetrated by members of a government we deeply dislike.
Veeeery little credibility left, Briton, Skip, Chronic, Jonaz, yankeeboy, Conqueror and company.
Cristina didn't steal my money.
Feb 15th, 2015 - 07:29 am - Link - Report abuse 0She stole yours.
The fact that that doesn't seem to upset or register for most Argentineans on here speaks volumes about the peronista brainwashing you have all been subjected to.
If HSBC is in the wrong then they will pay.
Why would that upset or annoy anyone? The British government won't hinder any investigation. The British taxpayer won't be robbed.
Guess we are just used to courts that work. The law has caught up with HSBC but it can't ever seem to catch up with Argentinean government corruption.
Funny that.
@Skip
Feb 15th, 2015 - 08:18 am - Link - Report abuse 0“The British taxpayer won't be robbed. ”
Really?
And who is paying the mess made by the banks in UKistan?
You don't get it. do you?
Uk govt. prints money (QE) to save banks while people get rob for the same banks and you call corrupted to argie govt.?
Are you stupid or what?
@16 You have no credibility, since you sold yourself out for a choripan.
Feb 15th, 2015 - 01:30 pm - Link - Report abuse 0You never answered my question about being a paid troll.
rotting roadkill:
Feb 15th, 2015 - 02:18 pm - Link - Report abuse 0Get off your lazy asses and work.
Obey the law.
Live within your means.
Stop cheating.
Respect your neighbors
Pay your debts.
@Klingon
Feb 15th, 2015 - 11:52 pm - Link - Report abuse 0“ You have no credibility, since you sold yourself out for a choripan.
You never answered my question about being a paid troll.”
I have no idea you tell me.
@8. But then argieland likes to threaten. Putrid Jelly. UK nuclear warheads are dialable. Imagine a 100-kiloton warhead on Buenos Aires.
Feb 16th, 2015 - 02:08 am - Link - Report abuse 0The latest 'talk', for those that pay attention, is that both Queen Elizabeth class carriers will enter service. Trident is essential and the number of Successor class submarines should be increased to six.
English HSBC
Feb 16th, 2015 - 04:32 am - Link - Report abuse 0Huge Sleazy Bank Cheats
http://www.theguardian.com/news/picture/2015/feb/15/hsbc-snouts-in-the-trough
rotting roadkill:
Feb 16th, 2015 - 02:08 pm - Link - Report abuse 0Pay you debts.
All of them.
@12. Wow, 5 years. What about argie 'politicians'? How has the Bitch from Santa Cruz managed to increase her 'personal wealth' from US$500,000 to US$16 million. Forget the hotels without guests and the law firm without staff or clients. Looking into Lázaro Báez. Millions of Kirchner money there. €55 million for a start, transferred to Switzerland. Another US$5.2 billion in federal and provincial contracts. And another US$17.7 million to 'rent' rooms in the Kirchner hotels. Whether or not they were occupied. Wouldn't be too quick to point fingers. And now it's starting to come unravelled.
Feb 16th, 2015 - 02:10 pm - Link - Report abuse 0@23. Actually it stands for Hong Kong and Shanghai Banking Corporation. Sure you want to upset your Chinese 'friends'? And, interestingly, when HSBC is investigated, it co-operates. When it's fined, it pays. When a court tells it to do something, it does it. Can argieland say the same?
Amoral Rancid Genocidal Effluent Nauseating Thick Illegal Neutered and full of Arseholes.
WE don't have any credibility,
Feb 16th, 2015 - 07:33 pm - Link - Report abuse 0that smart coming from a country that has just sold its grandmother for fools help,
CFK has just sold to China, credibility hue,
you don't know the word means...
Where is Chinatina in the world corruption index?
Feb 16th, 2015 - 08:38 pm - Link - Report abuse 0Start looking when you get to 100!
A land where lying and cheating is respected and admired?
Poor Marcos..
Chuckle chuckle..
hey! who hacked Hepatia!
Feb 17th, 2015 - 02:56 am - Link - Report abuse 0too funny!!!!
;-)
@8
Feb 17th, 2015 - 08:56 pm - Link - Report abuse 0“ Go back to meet Mr Spock ”
What have Mr Spock and Argentina got in common?
@29
Feb 19th, 2015 - 06:34 pm - Link - Report abuse 0do tell,
;-)
Commenting for this story is now closed.
If you have a Facebook account, become a fan and comment on our Facebook Page!