U.S. likely to get peek at HSBC accounts
Yesterday, it was the U.K. in the news over announcements it would be getting tax records stolen from HSBC. Now it’s the U.S.’s turn, it seems. Reuters reports:
“To the extent the HSBC data includes U.S. based taxpayers having interests in HSBC foreign accounts, it is a virtual certainty such information will be delivered to the U.S. government,” said Chuck Rettig, an attorney representing U.S. clients of UBS, HSBC and others who held previously undisclosed accounts.
An Internal Revenue Service spokesman declined comment.
Read more on Reuters.