The Internal Revenue Service said it is beginning enforcement actions against more than 100 U.S. taxpayers who have been sheltering their funds from taxes by depositing them in secret bank accounts in the tax haven of Liechtenstein.

The U.S., along with the national tax administrations of Australia, Canada, France, Italy, New Zealand, Sweden and the United Kingdom are working together as member countries of the Organization for Economic Cooperation and Development's Forum on Tax Administration following recent revelations that Liechtenstein bank accounts were being used for tax avoidance (see Germany to Share Tax Evasion Information).

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