HSBC's Gulliver Faces Tax Probe After Losing Court Ruling
- Judge rejects Gulliver’s application for ‘closure notice’
- U.K. tax agency questioning bank CEO’s status in 2013-14
Stuart Gulliver
Photographer: Simon Dawson/BloombergThis article is for subscribers only.
HSBC Holdings Plc Chief Executive Officer Stuart Gulliver, who has previously faced questions from British lawmakers over his personal taxes and offshore bank accounts, is being probed by U.K. revenue officials over his residency status.
Gulliver, 58, lost a bid to end a tax probe started in December 2015 into his earnings for the fiscal year through March 2014, according to a London court ruling dated March 13. Her Majesty’s Revenue & Customs isn’t making any allegations of impropriety against the HSBC CEO, a British resident who has spent significant time living in Asia, according to the ruling.