Global tax chiefs undertake worldwide tax fraud probe

A globally coordinated day of action against the suspected tax evasion and money laundering of more than £200m in the UK alone has been undertaken this week across the UK, US, Canada, Australia and the Netherlands. The action by the  Joint Chiefs of Global Tax Enforcement (J5) - a new alliance dedicated to tackling international tax crime and money laundering - occurred as part of a series of investigations into a Central American financial institution, whose products and services are believed to be facilitating tax evasion and money laundering for customers across the globe. It is be...