Tax Authorities Urged To Be More Vigilant Over The Super Rich
By Vanessa Houlder, Aug 12, 2015 Financial Times
The study by the Paris-based OECD is a further sign of the pressure on tax departments to squeeze more revenue out of wealthy individuals.
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Cash-strapped governments are already clamping down on evasion and avoidance to shore up their public finances and respond to public anger over widening economic inequality and alleged tax dodging.
But the OECD said less than a third of the 56 tax authorities it surveyed had set up a dedicated unit to oversee the tax affairs of the wealthy, which it described as “a surprising outcome given the very significant growth in the estimated numbers and wealth of these taxpayers.”
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