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Data-Exchange Plan Makes World ‘Increasingly Small’ for Tax Dodgers: British Lawmaker
printWith new international data-exchange agreements in place, the United Kingdom will soon have greater access than ever to information on tax dodgers with offshore accounts, according to the nation's Financial Secretary to the Treasury David Gauke. In an e-mailed interview with ACAMS moneylaundering.com reporter Irene Madongo, Gauke outlined how the U.K.'s HM Revenue & Customs (HMRC) intends to "hit the ground running" with tax investigations in 2016. Gauke also addressed the impact of the U.S. Foreign Account Tax Compliance Act (FATCA) and criticism over the government's plan to directly access the bank accounts of delinquent taxpayers. What follows is an...
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