Joint International Tax Shelter Information Centre (JITSIC)
The Commissioners of the Australian, Canadian, UK and US tax administrations have decided to open a second JITSIC centre-in London, UK-in Autumn 2007. Japan has accepted an invitation to join JITSIC, and a representative of the National Tax Agency will be present at the London centre.
To date, delegates from each of the four countries have been based in Washington DC, and exchange information on abusive tax schemes, their promoters and investors, consistent with the provisions of bilateral tax conventions.
A copy of the HMRC press release is available at http://www.gnn.gov.uk/content/detail.asp?ReleaseID=286500&News AreaID=2&NavigatedFromSearch=True.