Leaked tax-haven data shows that the super rich are way, way richer than suspected

When Thomas Piketty and his team undertook their landmark study of wealth inequality in the world, they had to rely on the self-reported income of the super rich to see just how income was distributed -- by definition, they couldn't directly measure the unreported income hidden in tax havens (though they did estimate it, with what was eventually shown to be pretty good precision). Read the rest

Emma Thompson on tax-strike until HSBC tax evaders are jailed

The actor and her husband, Greg Wise, have vowed to withhold their tax until the UK tax authorities begin to imprison the tax-cheats who were revealed to be using HSBC's Swiss money-laundry, even if it means going to jail themselves. Read the rest

HSBC boss used tax havens to keep underlings from discovering his outrageous pay

HSBC CEO Stuart Gulliver admitted that he used two secretive banks -- one in Switzerland, the other in Panama -- not just to avoid taxes, but to hide his amazing compensation package from other HSBC bankers, lest they wax jealous. Read the rest

Telegraph's lead political writer resigns because of censorship of criticism of advertisers, especially HSBC

Peter Osborne was the head political writer at the Telegraph, a rock-ribbed conservative paper owned by the shadowy Barclay brothers; he quit after seeing the paper soft-pedal and downplay scandals involving its major advertisers, and broke his silence once he learned that the paper had squashed stories of illegal tax-avoidance schemes run by HSBC. Read the rest