Tax authorities from five countries including Australia has joined force to increase collaboration in the fight against international and transnational tax crime and money laundering.

Representatives from the Australian Taxation Office (ATO) and Australian Criminal Intelligence Commission (ACIC) were in Montreal last week to sign up to the Joint Chiefs of Global Tax Enforcement alliance (known as the J5).

Other than the ATO and ACIC, the J5 comprises the Canada Revenue Agency (CRA, Canada), the Fiscal Information and Investigation Service (FIOD, Netherlands), HM Revenue & Customs (HMRC, United Kingdom), and Internal Revenue Service Criminal Investigation (IRS-CI, United States).

The J5 will be focussed on three global tax enforcement initiatives: cybercrime and virtual currencies, enablers of offshore tax crime, and data platforms.

The group formed in response to a call to action from the Organisation for Economic Co-operation and Development (OECD) for countries to do more to tackle the enablers of tax crime.

Further readings

Media release by the Joint Chiefs of Global Tax Enforcement

Media release by Minister for Revenue and Financial Services Kelly O’Dwyer and Minister for Law Enforcement and Cyber Security Angus Taylor

Australia’s Tumultuous Road Towards Taxation of Bitcoin and Other Crypto-currencies by Ilya Isakov

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