One of Stoke's biggest banks, the Royal Bank of Stoke, has admitted using HSBC’s Swiss accounts as a way of avoiding tax.
"A few years ago, we announced pre-tax profits of £100 billion, with post-tax profits being exactly the same number. Nobody said anything at the time or thought anything off about that so we carried on doing it," the bank said in a statement published in the classified section of the Sentinel.
The bank, which has the royal seal of approval from the monarchy of Uzbekistan, has promised to start paying some tax once it gets its accounts in order.
"Most of our accountants now live in Switzerland, so communicating with them is a problem," Hanley branch manager Tek Grimley explained. "When they're back over here visiting though, we'll set them to work right away on setting up the tax stuff."