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Countries Stop Sharing Tax Info in Ongoing Russia Sanctions

April 21, 2022, 3:11 PM

The list of ways countries can further isolate Russia for its invasion of Ukraine through financial means is growing.

On the tax front, a host of countries have paused the sharing of tax data—used to crack down on tax evasion and other financial crimes—as another way to cut off Russia’s economy as the world turns to sanctions and other economic measures in response to the war.

The U.S., Canada, the U.K., and seven European Union countries—Estonia, Germany, Latvia, Lithuania, Poland, Slovakia, and Slovenia—have confirmed they’ve stopped sharing tax information. Typically countries share information on companies, individuals, and ...