Breaking

Wednesday, July 4, 2018

5 Nations have teamed up to share intelligence - as they hunt down people using crypto for tax evasion...

Being called the "J5" for short - America, the U.K., Canada, Australia, and the Netherlands are teaming up to form an International Task Force called "Joint Chiefs of Global Tax Enforcement" with the goal of sharing intelligence to track down tax cheaters.

Their specific targets - tax evidaders using offshore accounts, and cryptocurrencies.

"The unique thing about the J5 is the operational collaboration between five countries on tackling professional enablers that facilitate offshore tax crime, cybercrime and the threat of cryptocurrencies to tax administrations, as well as making best use of internationally available data and technology.” said Hans van der Vlist, General Director of FIOD.

More news on this will come "late 2018" according to a press release from the IRS.

Full information can be found at http://www.irs.gov/J5

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Author: Ross Davis
E-Mail: Ross@GlobalCryptoPress.com Twitter:@RossFM
San Francisco News Desk