HSBC is said to pay $300 million to settle the France Cum-Cum tax case
Jinshi Data, December 10 - According to foreign media reports, informed sources said that HSBC Holdings will pay approximately $300 million to settle the French prosecution's criminal investigation into its alleged involvement in the 'Cum-Cum' tax scandal. $BTC
The scandal has involved several major banks in France. According to insiders, the settlement proposal put forward by the French National Financial Prosecutor's Office (PNF) is expected to be reviewed by Paris judges in hearings over the coming weeks. As part of the overall agreement, HSBC is also discussing a parallel arrangement to address the civil tax claims raised by the French local tax authorities. $BNB
$ETH Insiders said that the complete agreement will cover fines to end the PNF criminal case as well as related taxes. This amount aligns with the provisions HSBC disclosed in an October document for the French investigation. The investigation targets alleged behaviors of avoiding dividend taxes through transaction structures. #加密市场反弹
