Revenue silent on US information exchange

Link: Artificial tax avoidance schemes slammed

Replying to a question in the Commons from Labour MP Austin Mitchell, she said the Inland Revenue ‘cannot comment on particular cases’.

But she added: ‘The government regards exchange of information as essential in combating tax evasion and avoidance.

‘The Inland Revenue regularly provides appropriate information under the provisions of agreements that provide for exchange of information.’

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