Your tax obligations: While banking offshore may have tax related benefits for you, tax rules differ from country to country. If you're unsure about your personal tax obligations, you should seek professional advice. It's your responsibility to disclose your income to the tax authorities.
The International Tax Service is provided by Ernst & Young. Ernst & Young refers to the global organisation of member firms of Ernst & Young Global Limited, each of which is a separate legal entity. Ernst & Young Global Limited, a UK company limited by guarantee, does not provide tax services to clients. The UK firm Ernst & Young LLP is a limited liability partnership registered in England and Wales with registered number 0C300001 and is a member firm of Ernst & Young Global Limited. If you become an Ernst & Young customer, any tax advice provided by Ernst & Young will be in accordance with Ernst & Young's terms and conditions of services, a copy of which Ernst & Young will send to you along with an engagement letter. HSBC are not tax advisers and HSBC Expat will not accept any responsibility for tax advice provided by Ernst & Young.