Top ten countries revealed for chasing tax dodgers

Last year, the Organisation for Economic Co-operation and Development (OECD) co-ordinated an agreement to automatically swap tax information with finance ministers from 51 countries.

At the time, Chancellor George Osborne said that tax evasion was “not just illegal, it is immoral” and that because a tax evader was robbing their fellow citizens, they should be treated like “a common thief”.

A recent survey by contractor management firm CXC Global identified the ten most aggressive countries of the 51 that signed up to the OECD agreement in terms of their pursuit of avoiders.

The survey, based on information from offices across the CXC network, shows that the top ten countries chasing tax dodgers are:

  1. Spain
  2. Argentina
  3. Germany
  4. Brazil
  5. Russia
  6. UK
  7. Australia
  8. Canada
  9. Indonesia
  10. New Zealand

Managing Director of CXC Global, Michelle Reilly said: “Perhaps in the past many governments didn’t put enough of a priority on tackling tax evasion, but as more and more look to gain extra revenue, we’re seeing an increased focus on preventing these offences. There are very few ‘safe’ places left for tax evaders and the authorities’ grip is only going to tighten.”

No matter what your circumstances are, whether you’re a UK national or not, it is vital that you speak to a tax expert if you have offshore income. If you do have assets overseas, our membership of the worldwide MGI alliance of independent auditing, accounting and consulting firms means that we can provide international advice and access to the expertise and local knowledge of MGI members in more than 80 countries. Contact us to speak with one of our specialists.

Link: Organisation for Economic Co-operation and Development (OECD)

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