Tax Authorities Move on Leaked Offshore Documents

[unhappycamper]

http://www.icij.org/offshore/tax-authorities-move-leaked-offshore-documents



British tax authorities are working with U.S. and Australian tax offices to identify individuals possibly concealing assets offshore.

Tax Authorities Move on Leaked Offshore Documents
By Gerard Ryle and Marina Walker Guevara
May 9, 2013, 1:45 pm

The U.S., British and Australian authorities are working with a gigantic cache of leaked data that may be the beginnings of one of the largest tax investigations in history.

The secret records are believed to include those obtained by the International Consortium of Investigative Journalists that lay bare the individuals behind covert companies and private trusts in the British Virgin Islands, the Cook Islands, Singapore and other offshore hideaways.

The hoard of documents obtained by ICIJ represents the biggest stockpile of inside information about the offshore system ever gathered by a media organization.

~snip~

The total size of the ICIJ files, measured in gigabytes, is more than 160 times larger than the leak of U.S. State Department documents by Wikileaks in 2010.

[mucifer]

1. K and R . But, I'd be surprised if the extremely wealthy ever have to pay.

[TheDebbieDee]

2. Many of the wealthy Americans are paying........

But there are still a lot of wealthy Americans that have yet to be brought into the tax-paying loop.

[mbperrin]

3. It WOULD be nice to have some help with actually paying for the operations of the country!

I'll put on my most optimistic face, because at least they didn't just flush the files right away.