Identify the first 700 Italian subjects in the context of investigations on Panama Papers. When it identifies others, since the data is destined to grow, the Revenue Agency will send requests for financial data information to the countries in which these subjects have offshore activities. Tax havens and evasion, this is the theme at the center of the operation which is unprecedented in scope and working method.
This is what emerged in recent days during the task force meeting in Paris, where on 16 and 17 January (but the news was learned today) 30 financial administrations shared their conclusions on the Panama Papers investigations, and in particular on the role played by tax intermediaries. The meeting was the largest simultaneous exchange of information ever, based on the legal instruments agreed under the OECD-Council of Europe Multilateral Convention and tax treaties, to which Italy is also a party.
It was, therefore, a historic step, because it is the first time that an international task force of this type has been created, with a shared approach to contrast this type of tax evasion. The meeting was the third of the Jitsic group, Joint international taskforce on shared intelligence and collaboration, convened at the OECD, which can draw on the best intelligence expertise of tax authorities around the world and share best practices for analysis data and information collaboration.
Compared to the last meeting, the knowledge of the various types of tax evasion developed and of the new data analysis techniques was deepened and above all a target list of 100 intermediaries was identified.
