U.S., U.K., Aussies probe tax havens


The United States, Britain and Australia announced a joint effort Friday to expose tax dodgers with an investigation of a massive cache of leaked bank account data from tax havens.

The three countries said they are sharing the huge trove of data on accounts in Singapore, the British Virgin Islands, the Cayman Islands and the Cook Islands. It includes names of account holders and their advisers.

Britain said it had identified more than 100 people who have been hiding money in offshore tax havens in scouring the data. The Australian Tax Office said it had discovered 100 Australian names, and two cases had already been referred for criminal investigation.