In its haste to gain Royal Assent before June’s general election, the Finance Bill saw over half its contents removed. But the intent to crack down on tax avoidance still permeates its pages. So it doesn’t hurt to understand what that entails – and what the difference between tax avoidance and tax evasion is.
As HSBC becomes the latest to announce widespread closure of bank branches, we find out if today’s business community place a value on physical interaction with finance providers.
Having built itself up to a portfolio of 41 stores, Wasabi has plans to add another 20 after agreeing a funding package with high street bank HSBC.
Small and mid-sized firms have embraced digital technology, and HSBC has led a review of its bank tariffs to cater to the change.
Big businesses such as Nokia and Milka have slipped up with translation fails, so smaller businesses must make sure enough research is done in new markets.
News reports of banks being caned by regulators have, alas, become so frequent that it is all too easy to overlook them. Which can sometimes be a pity, for the recent news that HSBC and First Trust Bank have been rapped over the knuckles by the CMA for 'bundling' has a significance that goes far beyond the banking industry.
HSBC is set to launch a £6bn fund aimed at helping small and medium sized businesses realise their growth ambitions.