No More Tax Secrets as Authorities Share Panama Papers’ Data

Murray Griffin

A meeting of 30 tax administrators to share information on the Panama Papers tax evasion
scandal shows taxpayers can no longer expect to keep their tax planning secret, according
to a former delegate to the alliance of tax agencies.

Commenting Jan. 24 on a Paris meeting of the Joint International Taskforce on Shared
Intelligence and Collaboration (JITSIC), Paul McCartin, a former Australian Taxation
Office JITSIC delegate, said the exchange of information between revenue authorities
had “shifted to the next level” in terms of both scale and coordination.

“This new environment means that taxpayers should never assume their tax planning
methods will never been seen by a tax administrator,” McCartin told Bloomberg BNA

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