HSBC Not Expecting UK To Change Its Bank Levy Policy Before 2015

Mani

Published onMay 15, 2013

Updated on May 13, 2021

According to Reuters report, HSBC Holdings plc (NYSE:HBC) (LON:HSBA) indicated that it doesn’t expect Britain to change its bank levy policy before the general election due in 2015. HSBC anticipates that it might have to pay about $800 million on the tax during 2013.

The bank levy is taken as a percentage of a UK bank's consolidated balance sheet and of a foreign bank's UK assets. According to HSBC Holdings plc (NYSE:HBC) (LON:HSBA),...

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Mani

Mani is a Senior Financial Consultant. He has worked in Senior Management role in large banking, financial and information technology organizations. He has provided solutions for major banking and securities firms across the globe in the area of retail, corporate and investment banking. He holds MBA (Finance) and Professional Management Accounting Qualifications. His hobbies are tracking global financial developments and watching sports

HSBC Not Expecting UK To Change Its Bank Levy Policy Before 2015

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