Business

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



PLANE STUPID: Aussies' biggest holiday pains and travel gripes revealed

File Photo.

Experiencing constant travel pains? You're not alone.

OPINION: Copped an unwanted SMS? You'll be right m8

MISSTEP?: Same-sex marriage campaigners sent out a mass text on Saturday (file photo).

What ever happened to the tough Aussie battler?

Boyne Island pharmacist warns community to test for 'problem'disease

GOOD TO KNOW: Pharmacist Nancy Griffin performs a blood glucose test on Betty Burns at the Boyne Tannum Discount Drug Store.

Get tested and lower your diabetes risk, expert warns.

Local Partners