Why should any agency be worried about compliance?

• The dramatic growth of information-sharing between tax authorities, particularly across Europe, asking each other to chase tax debts.
   
• New surveillance laws have been introduced that widen the probability of email/fax/phone communications being misinterpreted by third parties.
   
• More and more countries are introducing ‘Chain Law’ to collect tax.
   
• Access the authorities have to funds held in offshore, personal bank accounts – where onshore and offshore banks provide information on personal bank accounts to tax authorities.
   
• The pressure on companies (including recruitment agencies) to embrace KYC (Know Your Customer) and AML (Anti-Money Laundering) procedures in their business dealings.
   
• The growing number of client companies across Europe facing major investigations by their local tax authorities sparked by inappropriately structured contractors.