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Tax authorities in nearly 100 countries saw 10 trillion euros ($11.2 trillion) in offshore assets come to light last year due to the automatic exchange of details for 84 million bank accounts, the OECD said on Tuesday.

That marked a sharp increase from 2018 when tax authorities began sharing on an annual basis information like balances and transactions on offshore accounts, uncovering 5 trillion euros in assets previously hidden in 47 million accounts.

The Paris-based Organisation for Economic Cooperation and Development said the increase was due to more countries joining the initiative and a broader range of information was shared.

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“The discovery of previously hidden accounts thanks to automatic exchange of information has and will lead to billions in additional tax revenues,” OECD Secretary General Angel Gurria said in a statement.

The 2018 launch of the automatic exchange of account details was the culmination of a two-decade international clampdown on tax evasion that has all but ended bank secrecy in many erstwhile offshore financial centres.

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