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Tax Evasion

Treasury written question – answered on 1st May 2002.

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Photo of Mr Jimmy Wray Mr Jimmy Wray Labour, Glasgow Baillieston

To ask the Chancellor of the Exchequer what measures have been introduced since 1997 to reduce tax evasion by the use of offshore accounts.

Photo of Dawn Primarolo Dawn Primarolo Paymaster General (HM Treasury)

The Inland Revenue has a continuing commitment to detect and counter tax evasion. Resources are deployed with an emphasis on areas of high risk and the Inland Revenue's Special Compliance Office deals specifically with evasion involving offshore accounts.

The Finance Act 2000 introduced a package of measures to improve the UK's ability to exchange tax information with other countries. Effective exchange of information is a key tool in reducing tax evasion by the use of offshore accounts.

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