A propos off-shorists; Australia's own pinched as well ________________________________________________________-
But what Mr Tsang did not disclose was that he was a secret shareholder in the same group of Champaign companies at the heart of the claims against Mr Peng. He kept his interest a secret by using a company incorporated in the tax haven of the Cook Islands.
The details have emerged after the Herald revealed at the weekend that more than 500 Australian citizens had been identified in a huge tranche of offshore data leaked to the International Consortium of Investigative Journalists in Washington. The data was separately provided to authorities, and has prompted a co-ordinated tax investigation in Britain, the US and Australia. The Australian Tax Office has confirmed it has already begun several individual inquiries on the basis of the previously secret information.
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