Japan joins fight against tax avoidance
Nation’s tax authority to make use of international tax shelter centre
Japan has joined an international taskforce made up of the UK, US, Canada and
Australia to do battle with multinationals and promoters of tax avoidance
schemes that operate globally.
Its national tax authority will pool its expertise with the other members of
the task force, including HM Revenue &
Customs which operate under the
Joint International
Tax Shelter Information Centre (Jitsic).
Jitsic was set up in 2004, and covers activities in North America, Europe and
Asia.
Jitsic is headquartered in Washington, but will open a second office in London
in September.
Further reading:
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Exotic avoidance victory for Bank of Ireland
Eyes turn east as US targets avoidance