The IRS announced a global partnership with four other nations that will focus on information and technology sharing, cooperation on criminal and financial investigations, cybercrime and the rising use of cryptocurrencies.
The partnership between the U.S., U.K., Canada, Australia and the Netherlands, was announced as representatives from each country’s tax agency met this week in Montreal to discuss ways to improve coordination on tax fraud, evasion and money laundering in an environment where criminal groups and professionals assisting in tax evasion increasingly operate in a more global, decentralized manner.
According to Don Fort, chief of the IRS criminal investigation division, the group will explore ways to share data on financial crimes as well as technologies to better track global criminal financial and tax schemes and assist in specific criminal investigations.
