Keeping up with the fight against tax crime

In June the Organisation for Economic Co-operation and Development’s (OECD) committee of fiscal affairs approved the second edition of Fighting Tax Crime: The Ten Global Principles prepared by the OECD centre for tax policy and administration. The new edition follows the same format as the first – which was published in 2017 – and outlines ten principles for developing a system to effectively tackle tax crime. Each principle is illustrated by an explanation of the way that it is put into practice in different jurisdictions. This analysis is based on survey results collated from 33 countries.

The guide is intended to serve three purposes:

1) Allowing jurisdictions to benchmark against others.

2) Allowing progress in each jurisdiction to be measured and tracked through regular updates.

3) Allowing jurisdictions to articulate their needs for training for both developing and developed jurisdictions.

This article examines the UK’s application of...