first_img whatsapp Show Comments ▼ More From Our Partners Fans call out hypocrisy as Tebow returns to NFL while Kaepernick is still outthegrio.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgFort Bragg soldier accused of killing another servicewoman over exthegrio.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comMan on bail for murder arrested after pet tiger escapes Houston homethegrio.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgColin Kaepernick to publish book on abolishing the policethegrio.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.org The financial secretary to the Treasury David Gauke has defended HMRC amid claims it “overlooked” tax evasion in the wake of allegations about HSBC – but said there are “clearly questions that need to answered” about the bank’s actions. Gauke was today challenged by Labour MP for Birmingham Ladywood Shabana Mahmood, who wanted to know why the government “failed to act” when it received documents showing that HSBC had helped 7,000 UK-based clients “evade” paying tax.  Mahmood said: “This government has failed to back Labour in our calls to stamp out tax avoidance. Now it seems wrongdoing may have been overlooked on their watch.” However Gauke dismissed this, noting that the documents cover the period from 2005 to 2007 – when Labour was in charge.  Within the data, Gauke said there were so many duplications the number of real cases – relating to both individuals and companies – totalled 3,600, of which HMRC had pursued 1,000.  Those cases had been settled and “that means that £135m was raised for the Exchequer that would not have been raised otherwise”, Gauke added.  The “remainder had no case to answer”. Gauke claimed this as a win for the Conservatives, saying it “demonstrates a government willing to address the matter”.  He also pointed the finger of blame at Labour, noting that the documents relate to tax evasian and tax avoidance between 2005 and 2007.  “The fact is that HMRC is more successful at raising money from the wealthy and anybody else who tries to avoid their taxes,” Gauke said. But he was more equivocal about HSBC’s actions.  “There are clearly questions that need to be answered about what happened at HSBC between 2005 and 2007,” he said  “HMRC are taking evidence from around 1000 people where there’s evidence that they’ve broken UK law and HMRC will continue to take evidence where further evidence arises.”  There was no suggestion former chairman Lord Green was at fault for what happened in the Swiss subsidiary of the bank, he added.  The claims surfaced last night. Thousands of pages of data were obtained from an engineer working for HSBC in Geneva, by a collaboration of news outlets including Le Monde, The Guardian, the International Consortium of Investigative Journalists and the BBC’s Panorama.   Emma Haslett by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailMaternity WeekA Letter From The Devil Written By A Possessed Nun In 1676 Has Been TranslatedMaternity Weekzenherald.comMeghan Markle Changed This Major Detail On Archies Birth Certificatezenherald.comLivestlyThe Best Redhead Actresses, RankedLivestlyNoteableyKirstie Alley Is So Skinny Now And Looks Like A BarbieNoteableySenior Living | Search AdsNew Senior Apartments Coming to Scottsdale (Take A Look at The Prices)Senior Living | Search AdsBeverly Hills MDPlastic Surgeon Explains: “Doing This Every Morning Can Snap Back Sagging Skin” (No Creams Needed)Beverly Hills MDMagellan TimesThis Is Why The Roy Rogers Museum Has Been Closed For GoodMagellan TimesGrowitchRemember Nicole Richie? Try Not To Gasp When You See Her Now  Growitchcenter_img whatsapp David Gauke: Questions need to be answered about HSBC tax evasion accusations Monday 9 February 2015 12:48 pm Tags: Company HSBC Holdings Sharelast_img