An alliance dedicated to tackling global financial crime and tax fraud must continue its efforts to defeat tax cheats, financial secretary to the Treasury, Lucy Frazer QC told an enforcement summit
The heads of tax enforcement from the UK, Australia, Canada, Netherlands and the US has met in London for the latest Joint Chiefs of Global Tax Enforcement (J5) summit to share intelligence and coordinate efforts on a global level against international tax crime and money laundering.
The event also included the inaugural Global Financial Institution Summit (GFIS) – the start of ambitious talks between the J5 and some of the world’s biggest banks on what more can be done to tackle tax crime together.
Financial secretary to the Treasury, Lucy Frazer, told the summit: ‘Tax fraud is a perennial and persistent threat to all our nations. Unity, transparency and collaboration will be essential if we’re to tackle it.
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