An Asian Christian woman living in London blogging about the everyday issues of religion

Tuesday, 10 February 2015

CoE Touched By HSBC Scandal

Noam Chomsky Quotes Moral Agent

The long arm of Capitalism has managed to pull the CoE into the scandalous immorality of tax evasion perpetrated by HSBC. The Guardian newspaper yesterday broke the story about how the Swiss branch of HSBC was helping rich people from, among many countries, the UK evade tax. The bank under declared accounts which meant that 7,000 wealthy British people were allowed to evade tax that, collectively, amounted to £27.1 billion. 

Central to this activity is a man called Lord Steven Green. He was in charge of HSBC private banking and later became the Chief Executive. Crucially, Green was in charge of the bank during the years when tax avoidance was a rampant activity. This is the part that will be of interest to Christians. He is an ordained CoE minister and published a book called 'Good Value: Reflections on Money, Morality and an Uncertain World'. I am sure that the irony of the inclusion of the word 'morality' in the title will not escape you. The book actually contains the line and the advice to go beyond "what you can get away with" in the context of how business leaders should legally and ethically behave. 

I wonder how many public service people (doctors, nurses) could have been employed with the money lost? 
I wonder how many firemen who have lost their jobs could have stayed employed at their now closed firestations? 
I wonder how many A&Es could have provided better services?

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