On December 8, 2015 the Australian Taxation Office (ATO) issued a press release announcing that it has compiled a list of 100 advisers and promoters, operating onshore and offshore, that have a direct link with people who have evaded taxes which it has shared with nine key overseas tax administrations.

According to the ATO the intelligence picture it now has, has been built from information taxpayers disclosed under Project DO IT about the adviser who put them into the offshore arrangements, data mining and client records seized from advisers in transit. (Project DO IT: disclosure offshore income today was the ATO’s offshore disclosure initiative)

The press release furthermore states that the ATO has now shared the list of advisers with nine key overseas tax administrations requesting them to undertake an intelligence review of their operations in their countries. According to the ATO some of these offshore advisers are located in Jersey, Switzerland, Guernsey, British Virgin Islands and are associated with both known institutions, as well as boutique and private banks.

Click here to be forwarded to the press release as issued by the ATO.

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