Australia, US and UK band together in hunt for tax havens

THE Australian Tax Office will work with the US and Britain to target tax dodgers after a massive cache of bank account data from tax havens was leaked to authorities.

The three nations are sharing the huge trove of data on accounts in Singapore, the British Virgin Islands, the Cayman Islands and the Cook Islands.

The information came from a leaked 400-gigabyte cache of data of more than two million documents.

It shows the activities of trusts and companies in the four countries, each of which hosts a substantial tax-free offshore banking industry offering secrecy to account holders.

The ATO says it has discovered 100 Australian names within the data and two cases have already been referred for criminal investigation.

Read more at ABC news online.

Topics:  ato, tax, tax dodgers, tax havens



Local Real Estate

Featured Real Estate
AFFORDABLE AND... $325,000
House 3 1 1
ITS NOW OR NEVER FOR... AUCTION
House 4 2 4
THE BEST INVESTMENT IN... $299,000
House 2 2 1
INNER CITY LAND RIPE FOR... $150,000
Residential Land Located a short distance from Gladstone's CBD is an opportunity to purchase ...

Featured Jobs

finda logo

Gladstone jobs listed daily

Featured Jobs
Senior Stylist Boyne Island Casual
RESOURCE COORDINATOR Gladfield Full Time
Rewarding Careers at... Gladstone Full Time


Local Partners

LATEST DEALS AND OFFERS

Job Listings

Search for your next job now.
Learn More

View today's ePaper!

Read the digital edition
Learn More

Cars For Sale

Find cars for sale online now.
Learn More

Property Listings

Search for a property online right now.
Learn More

Local Profile

Stay Connected

Get the news as it happens, in your inbox

You can change the newsletters you are subscribed to when you edit your profile

Edit Profile


Special Offers

Latest deals and offers

Horoscopes

Virgo

Your mental energies may be at an all-time high, but your physical levels could be well below par. Don't burn yourself out too soon. You...

read more

Marketplace

Special Offers & Promotions

Compare & Save