Bank details belonging to hundreds of thousands of American expats have been passed to Washington, marking the start of a new era of data exchange by governments intent on cracking down on tax cheats.
The transfer of data from certain tax authorities — including the UK, Canada and Australia — was branded a “major milestone” by the Internal Revenue Service.
But the next phase of the international crackdown risks being thrown off course as banks and governments struggle to meet a looming deadline.
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