Voluntary disclosure schemes for offshore tax evasion

Document type
Working Paper
Rablen, Matthew D; Gould, Matthew
Institute for Fiscal Studies
Date of publication
5 March 2018
IFS Working Paper; WP18/07
Social Policy, Poverty Alleviation Welfare Benefits and Financial Inclusion
Social welfare
Material type

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IFS paper on offshore tax evasion.

Tax authorities worldwide are implementing voluntary disclosure schemes to recover tax on offshore investments. Such schemes are typically designed retrospectively following the bulk acquisition of information on offshore holdings, such as the recent Paradise and Panama papers. They offer an opportunity for affected taxpayers to make a voluntary disclosure, with reduced fine rates for truthful disclosure.

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