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Australia Investigating Major Tax Crimes as Part of Crypto-Focused Tax Enforcement Taskforce

Published 06/06/2019, 06:28 AM
Updated 06/06/2019, 06:43 AM
Australia Investigating Major Tax Crimes as Part of Crypto-Focused Tax Enforcement Taskforce

Australia’s tax agency, the Australian Tax Office (ATO), is investigating 12 major international tax avoidance schemes, with a key focus on cryptocurrency-enabled activities. The news was reported by local broadsheet The Sydney Morning Herald on June 6.

The ATO’s intensified cross-border investigations were reportedly revealed following a meeting of the J5 — also known as “The Joint Chiefs of Global Tax Enforcement.”

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