A joint investigation by the UK, the US and Australia to identify those using offshore tax havens to hide wealth has uncovered more than 100 people.
Her Majesty's Revenue and Customs (HMRC) said some of these were already under investigation for tax evasion, the BBC reports. It said it has obtained large quantities of documents which reveal those, along with professional advisers, who may be involved. Evasion is illegal, tax avoidance is not. The hunt was sparked by a joint investigation by the BBC's Panorama programme, the Guardian newspaper and the Washington-based International Consortium of Investigative Journalists. HMRC is working on the material, which it describes as 400 gigabytes of data, with the tax authorities in...
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