HSBC/Wikimedia
This week the revelations and twists and turns in the HSBC and tax evasion scandal have come apace. One day the Daily Telegraph leading political columnist Peter Oborne resigns, describing his former employers as perpetrating a “fraud” on its own readers by overlooking the importance of the HSBC tax tale in an openDemocracy exclusive; the next day former Labour Minister Michael Meacher publishes an article claiming the Conservatives don’t just turn a blind eye to tax evasion, they are actually in favour of tax evasion.
And before the ink had barely even dried on Meacher’s article - or indeed, it had started to flicker online - early on Wednesday morning Swiss police raided the offices of the HSBC private bank in Geneva as part of a major money laundering investigation.
