Argentina wants HSBC Holdings Plc to repatriate 3.5 billion dollars the bank's Argentine branch moved offshore to help clients evade taxes and move capital abroad, the country's tax chief Ricardo Echegaray said on Monday during a hearing which took place at the House of Commons in London, where top executives of HSBC were present. Read full article
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If we have any access to money stolen by Argentine politicians then perhaps we could repatriate it by giving it directly to the indigenous population?Mar 10th, 2015 - 06:18 am - Link - Report abuse 0
Wait a minute. Just place those funds in escrow until the courts address their disposition per possible attachment and foreclosure by rotting roadkill's creditors.Mar 10th, 2015 - 06:22 am - Link - Report abuse 0
The former azafata seems to have been eating too much fish and chips!Mar 10th, 2015 - 06:32 am - Link - Report abuse 0
The money should be used to speed up the mine clearance effort and fund another six Typhoon jets.Mar 10th, 2015 - 08:53 am - Link - Report abuse 0
The Argentines are demanding……Mar 10th, 2015 - 09:22 am - Link - Report abuse 0
Not asking or requesting, or even explaining.
l wouldn't give it to them even if its proved to be theirs unless they modify their behaviour & manners.
Demanding-how very Argentine.
”Without tax collection, there is no elite trips abroad, there is no Audi for my daughter, there is no populism, that is to say there is no corruption and we cant govern nor indulge in more theft”Mar 10th, 2015 - 10:45 am - Link - Report abuse 0
Without tax collection, there is no money to be stolen, no resources to buy votes, no means to purchase officials, etc.Mar 10th, 2015 - 11:14 am - Link - Report abuse 0
Is Argentina in any position to start demanding money when they have to be dragged screaming to pay their own debtsMar 10th, 2015 - 11:16 am - Link - Report abuse 0
This money does not belong to TDC, only the tax element IF it can be proven that tax was evaded.Mar 10th, 2015 - 11:59 am - Link - Report abuse 0
Chicken or pizza look like a down market street walker from the sixties, the sort you used to see hanging around pubs in London.
Suits her, I must admit.
They are certainly keen to get their dirty hands on the money to try and save the crumbling K regime. Of course if they get it here, they will confiscate it all.Mar 10th, 2015 - 12:23 pm - Link - Report abuse 0
Then again someone with 1.4 billion sitting in a bank account doesn't really need it.
HSBC will never return the funds. They should start packing up now and make sure all the expat execs are far away from the filthy claws of CFK.Mar 10th, 2015 - 01:08 pm - Link - Report abuse 0
So many appropriate comments. I'm still trying to figure out why argieland should 'demand' $3.5 billion. Assuming that it has been properly identified as un taxed and liable to tax, shouldn't argieland only be asking for an amount equivalent to the tax evaded? Let's say $0.875 billion. And how much does argieland owe its bondholders and the Paris Club. That should take care of the rest. Let's be in no doubt, there is no way that that $3.5 billion belongs to argieland!Mar 10th, 2015 - 01:31 pm - Link - Report abuse 0
I am sure they want to full amount back in the country so they can count it towards reserves which are at the lowest point they've been in the last 30yrs.Mar 10th, 2015 - 01:55 pm - Link - Report abuse 0
@ 12 and the restMar 10th, 2015 - 02:25 pm - Link - Report abuse 0
There´s something you don´t get.
Argentina´s tax office loves to think they are entitled to EVERY single penny that you have. You are a debtor unless proven exception (that rule does not apply to the gov itself, of course).
They claim, you prove it was not taxable.
Being a populist and a corrupt takes lots of cash.
This place going down down. They desperate for dollar. Peron people drag everybody down. Thieves, liars everywhereMar 10th, 2015 - 02:27 pm - Link - Report abuse 0
14. Its pretty hard to confiscate the U$ when they're not in the country:)Mar 10th, 2015 - 05:49 pm - Link - Report abuse 0
I think there's another corralito coming.
16.Mar 10th, 2015 - 06:06 pm - Link - Report abuse 0
There can’t be another corralito because unlike in 2001, there is no dollar denominated accounts the in the Argentine banking system, unless its big companies.
17. They'll take what they can get and I think the Int'l companies are sitting on Billions they'll never see.Mar 10th, 2015 - 06:44 pm - Link - Report abuse 0
SebaSvtz and FerdinandoMar 10th, 2015 - 08:53 pm - Link - Report abuse 0
Anímense - estos malditos no van a estar para siempre.
Any money should go straight to the holdouts, and not into the pockets of the vultures in Kircheners clique like Alicia.Mar 10th, 2015 - 09:52 pm - Link - Report abuse 0
How long before the prosecutor finds out that it was the Kirchners' money HSBC helped to hide, and therefore ends up having committed suicide?Mar 12th, 2015 - 03:40 am - Link - Report abuse 0