HM Revenue and Customs
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Chinese state administration of taxation arrives in London
International action against tax avoidance is taking an important step forward with the arrival of a representative of the State Administration of Taxation (SAT) of China at JITSIC's London office.
The Joint International Tax Shelter Information Centre (JITSIC) is an international initiative to identify and curb tax avoidance and shelters and those who promote and invest in them. Tax avoidance has a detrimental effect on the economies of all countries, depriving them of vital resources whilst promoting complexity and inequity within the tax system.
JITSIC recognises that international tax avoidance can only be tackled effectively through international co-operation.
The State Administration of Taxation (SAT) of China is sending a representative to JITSIC's London office, hosted by HM Revenue & Customs (HMRC), to observe the activities and improve international co-operation.
Welcoming the SAT observer to JITSIC, HMRC Acting CEO Dave Hartnett, said:
"The arrival of an SAT observer to work with JITSIC is a very welcome development. JITSIC identifies and tackles complex challenges to the integrity of members' tax systems. This calls for an internationally co-ordinated response and that is exactly what JITSIC delivers."
Details
1. JITSIC is a collaborative venture, established in 2004 by the tax administrations of Australia, Canada, the United Kingdom and the United States.
2. JITSIC is co-located in London and Washington, and staff in the two locations work together as a single office.
3. JITSIC London, hosted by the UK's HM Revenue & Customs, is hosting an observer from China, for 3 months from September 2008.
4. Other delegates in London represent Australia, Japan and USA.
Notes for editors
1. JITSIC was established in 2004 by the tax administrations of Australia, Canada, the United Kingdom and the United States, to supplement the ongoing work of the Australian Taxation Office, the Canada Revenue Agency, HM Revenue & Customs, and the Internal Revenue Service in identifying and curbing tax avoidance and shelters and those who promote them and invest in them.
2. The first office is located in Washington DC. The London office was opened 10 September 2007.
3. All delegates exchange information on abusive tax schemes, their promoters and investors, consistent with the provisions of bilateral tax conventions.
4. As an observer, the SAT representative will participate in activities within the JITSIC office. Their work will be consistent with the provisions of bilateral double taxation treaties.
Issued by HM Revenue & Customs Press Office
Website http://www.hmrc.gov.uk
