TaxAdministrationRevenue silent on US information exchange

Revenue silent on US information exchange

Paymaster general Dawn Primarolo has refused to disclose what information has been supplied to US tax authorities to assist investigations into tax avoidance schemes designed by accountancy firms.

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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