LONDON May 15 HSBC said it
does not expect Britain to change its bank levy policy before
the next general election due in 2015 and said it is likely to
pay about $800 million on the tax this year.
HSBC has said the levy unfairly hits banks with big overseas
operations. Half its payment last year was on non-UK banking
"We have had all the conversations we could possibly have
with all the people we could have them with, and I believe there
will be no change at all this side of a general election," Chief
Executive Stuart Gulliver told investors on Wednesday.
HSBC paid $571 million for the levy in 2012, but Finance
Director Iain Mackay told investors that was likely to rise to
near $800 million this year due to a higher tax rate.