HSBC says ‘no pressure’ to move HQ out of UK despite prospect of higher bank taxes
As John Healey’s budget decision looms, lender reports 32% rise in profitsBusiness live – latest updatesA top executive at HSBC has tried to quash speculation that the bank could move its headquarters out of the UK over tax increases expected to be announced in Wednesday’s budget.HSBC’s chief financial officer, Pam Kaur, said there was “no pressure”, particularly from shareholders in its cornerstone Hong Kong market,…
As John Healey’s budget decision looms, lender reports 32% rise in profitsBusiness live – latest updatesA top executive at HSBC has tried to quash speculation that the bank could move its headquarters out of the UK over tax increases expected to be announced in Wednesday’s budget.HSBC’s chief financial officer, Pam Kaur, said there was “no pressure”, particularly from shareholders in its cornerstone Hong Kong market,…
Source: The Guardian World — Original report ↗
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