• The United States, Australia and the United Kingdom Gang Up on International Tax Evasion
  • May 17, 2013
  • Law Firm: Alston Bird LLP - Atlanta Office
  • In a news release on May 9, 2013, the tax authorities of the United States, Australia and the United Kingdom announced a plan to share tax information regarding numerous trusts and other entities holding assets on behalf of residents throughout the world. The three countries have obtained a substantial amount of data, including information about the identities of individual owners and the advisors who helped them establish the structures. The announcement comes amid a flurry of anti-evasion activity spawned in large part by the Foreign Account Tax Compliance Act (FATCA).