Tax chiefs summit commits to international action

An alliance dedicated to fighting global financial crime must continue its efforts to defeat tax cheats and frauds financial secretary to the Treasury Lucy Frazer told leaders of tax enforcement from the UK Australia Canada Netherlands and the US. They came together in London for the latest Joint Chiefs of Global Tax Enforcement (J5) summit to share intelligence and co-ordinate efforts on a global level against international tax crime and money laundering.

The summit hosted by HMRC marked four years since the J5 group was established and renewed commitments to build on recent operational successes to find innovative solutions to some of the most complicated tax crime matters facing all five countries providing global leadership on collaboration between tax authorities.

The event also included the inaugural global financial institution summit – the start of talks between the J5 and some...