T HAS been a long, expensive and occasionally brutal war but as Project Wickenby enters its sixth year there are signs the federal government's much-pilloried multi-agency taskforce investigating the abuse of tax havens by rich Australians is beginning to scare people straight.
New figures show that for the first time since the multi-agency taskforce began operations in 2006, money has begun to trickle back from the secretive jurisdictions where it had been hidden away.
In 2010-11, the volume of funds flowing back to Australia from 13 major tax secrecy jurisdictions increased for the first time since 2007-08, the year the Australian Taxation Office uses as a baseline. Over the same period, flows to the havens slumped 22 per cent.
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