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Miliband stands by Tory peer HSBC tax claims

Labour leader Ed Miliband called on Prime Minister David Cameron to "say what steps he is going to take to find out about the tax avoidance activities of Lord Fink".

Miliband told journalists, "Lord Fink challenged me to stand by what I said. I do".

Lord Fink admitted taking "vanilla" measures to reduce his liabilities a day after threatening to sue the Labour leader for accusing him of tax avoidance.

HSBC's Geneva office is currently facing allegations that staff encouraged customers to dodge tax.

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Lord Paul says it is 'disgraceful' PM singled him out as HSBC Swiss account holder

Lord Paul has denied allegations made today that singled him out as being a HSBC Swiss account holder, saying he thinks it is 'disgraceful' that Prime Minister David Cameron named him without checking his facts.

Lord Paul addressed the allegations in a TV interview:

The peer also added that the claims made in the Commons were untrue and he had "closed his Swiss account about four years ago".

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