US Department of Justice is also investigating Britain-based HSBC over its Swiss unit’s role in helping wealthy US citizens to evade taxes ZURICH — Switzerland said it planned to give information to US tax authorities about accounts at HSBC’s Swiss private bank, as part of a US investigation into tax evasion.HSBC’s Swiss unit has already paid tens of millions of dollars in fines after admitting substandard compliance on tax evasion and other issues.The Swiss government said it made the announcement about its plans on Tuesday to alert HSBC account holders whom it has been unable to locate, and to give them the chance to lodge a legal appeal if they object to having their information sent to the US Internal Revenue Service (IRS).The move comes after the IRS asked Swiss tax authorities in April for assistance on HSBC Private Bank (Suisse) accounts held by Swiss-registered "domiciliary companies" with US beneficial owners between 2002 and 2014.The Swiss Federal Tax Administration (SFTA)...
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