Monday, May 13, 2013

400 gigabytes of off-shore tax evasion

Awhile ago I posted a story about the ICIJ getting information regarding secret off-shore accounts being used for possible tax evasion.  That data drop was 260 Gigbytes of data.

A statement from the British tax office puts the size of the data obtained by the three tax authorities at 400 gigabytes, compared to the 260 gigabytes gathered by the ICIJ.

“The 400 gigabytes of data is still being analyzed but early results show the use of companies and trusts in a number of territories around the world including Singapore, the British Virgin Islands, the Cayman Islands and the Cook Islands,” the British tax office statement said.

“The data also exposes information that may be shared with other tax administrations as part of the global fight against tax evasion.”

I will be interested to see if there are any members of the American Legislative Exchange Council on those lists.

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