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Treasury Confirms Suspension Of Tax Cooperation w/Russia & Belarus

UK

Chancellor of the Exchequer Rishi Sunak confirms that the UK is suspending any tax cooperation with the authorities of Russia or Belarus in a further escalation of economic sanctions against Vladimir Putin and his supporters.

  • Full gov't statement: https://www.gov.uk/government/news/uk-suspends-tax...
  • "... tax information is exchanged as part of global collaboration to address tax compliance risks, however, today’s decision to suspend tax information exchange will ensure the UK is not supplying Putin’s regime with information that could lead to an increased tax benefit or yield for Russia."
  • The Bailiwick of Guernsey has also confirmed its compliance with the UK gov'ts decision.
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