International drive Against Tax Avoidance
As flagged in Section 1.33 of the June issue of tax.point, a second Joint International Tax Shelter Information Centre (JITSIC) has now opened in London.
According to a HMRC press release issued to mark the opening, JITSIC is an international initiative to identify and curb tax avoidance and shelters and those who promote and invest in them. The press release is available at http://www.gnn.gov.uk/Content/Detail.asp?ReleaseID=317869&NewsAreaID=2.