Unexplained Wealth Orders (UWOs) Under the UK's Criminal Finances Act 2017: The Role of Tax Laws and Tax Authorities in Its Successful Implementation

26 Pages Posted: 10 Nov 2019

See all articles by Rita Julien

Rita Julien

Vienna University of Economics and Business - Institute for Austrian and International Tax Law

Multiple version iconThere are 2 versions of this paper

Date Written: 2018

Abstract

On 30 September 2017, the United Kingdom implemented a powerful new investigative tool known as an “unexplained wealth order” in its Criminal Finances Act 2017. On 7-8 November 2017, London hosted the Fifth OECD Forum on Tax and Crime. Against this background, as well as other recent developments that have shown a spotlight on the interlinkages between tax and crime, this working paper researches the role that tax laws and tax authorities play in either helping or hindering unexplained wealth orders. In doing so, it derives some relevant considerations for United Kingdom authorities as they move forward in implementing this new law.

Keywords: unexplained wealth orders, tax and crime, anti-corruption, tax law, forfeiture, crime, money laundering

JEL Classification: K34, K33, K14, K11, K42

Suggested Citation

Julien, Rita, Unexplained Wealth Orders (UWOs) Under the UK's Criminal Finances Act 2017: The Role of Tax Laws and Tax Authorities in Its Successful Implementation (2018). WU International Taxation Research Paper Series No. 2019 - 02 . Available at SSRN: https://ssrn.com/abstract=3465485 or http://dx.doi.org/10.2139/ssrn.3465485

Rita Julien (Contact Author)

Vienna University of Economics and Business - Institute for Austrian and International Tax Law ( email )

Vienna
Austria

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