BBC catches out banker
(Timesonline): Lloyds Banking Group, the bank that is 42 per cent owned by the taxpayer, is being investigated overallegations of tax evasion after one of its employees was caught on camera apparently encouraging a customer to avoid tax by channelling money through Hong Kong. The employee at a Jersey branch of the bank was filmed by BBC TV’s Panorama telling an undercover reporter that interest earned on his deposits would be paid via Hong Kong to "get round" the European Savings Tax Directive, which would tax income paid direct from Jersey.
Category: Business
