The Austrian Finance Ministry has set up a special committee, SoKo Offshore-Leaks, to tackle offshore tax evasion.
The committee is tasked with evaluating tax evasion data, due to be passed on from the US tax authorities in connection with the offshore leaks project.
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SoKo Offshore-Leaks, which will be lead by Eduard Muller, compromises of offshore tax investigators, auditors, and IT experts.
Following in-depth analysis, Finance Minister Maria Fekter aims to launch criminal proceedings against any Austrians suspected of having evaded taxes in Austria, by placing their capital in offshore accounts.
Earlier this year, the International Consortium of Investigative Journalists (ICIJ) received around 2.5 million confidential documents from an anonymous source, containing details of the tax affairs of 130,000 individuals from over 170 countries.
Austrian Finance Minister Maria Fekter intends to cooperate and work with international tax authorities, to collect and analyze data given to the US tax authorities from ICIJ.
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