PROTAX: Countering tax crimes
The recent FinCEN files leak demonstrated the scale of the problem of information-sharing across borders when it comes to countering tax crimes and financial misconduct around the world. The blatant information-sharing deficit within the global financial system serves as a strong policy wake-up call and requires the urgent attention of policymakers. In this policy paper, we identify a number of policy concerns and propose solutions to them based on our cutting-edge research. Firstly, the paper revisits findings on the analysis of the information sharing framework currently in place to combat tax crime and identifies remaining key challenges and bottlenecks in the current institutional and organisational architecture. It also offers a critique of the role of human factors, a key focus in the PROTAX project, regarding information sharing among relevant key stakeholders in tax eco-systems.
PROTAX project website: www.protax-project.eu