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HSBC Moves Toward $300M Payout in Cum-Cum Tax Case
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Subscribe10 DEC 2025 / ACCOUNTING & TAXES
HSBC is willing to pay $300 million to resolve a French criminal investigation into dividend tax schemes involving “cum-cum” transactions. The matter is significant as it signals France's persevered commitment to eradicate tax-avoidance methods, with potential industry-wide impacts.
Picture a magician who keeps pulling the same rabbit out of the hat long after the crowd has figured out the trick. That is pretty much the vibe around France’s long-running hunt for dividend tax schemes. The latest act features HSBC, which is ready to co...
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