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HSBC, the world's second largest bank, helped some of the richest people in the world stash away billions in assets to avoid taxes. The Swiss arm of the British banking giant encouraged wealthy clients to hide their fortunes from governments and other taxing authorities and helped to make their transactions untraceable.
Most of the biggest Companies and the most wealthy people in this World are banking offshore and protect their assets in offshore entities like trusts and Foundations! It can't come to an surprise that they are doing it nor that the authorities don't do anything against it.
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