Net closing on tax evaders

Closer collaboration between tax authorities around the world is closing the net on tax evaders and the intermediaries who enable their activities, the World Congress of Accountants (WCOA) heard on 6 November.

Australian Tax Commissioner Chris Jordan told the World Congress of Accountants that while the Paradise Papers and Panama Papers data leaks had grabbed attention, the Australian Taxation Office (ATO) was working on more than 10 other major data sets that did not have the same profile.

The Joint International Task Force on Shared Information and Collaboration (JITSIC) had 37 member countries that had authorised key tax officers from each to talk to each other, pool information and collaborate on projects.

The resulting benefit had

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