Wednesday, April 12, 2006

IRS seeks US taxpayer data from PayPal

According to the NYT, the US IRS has gotten approval from a Federal Court to get taxpayer information from PayPal. The information sought is about American taxpayers who have bank accounts, credit cards or debit cards issued in more than 30 countries that are reputed to be tax havens. This is part of a wider effort to stem tax evasion. PayPal is just another means that those with money stashed offshore can spend it in the US. See: I.R.S. Asks PayPal for Taxpayer Data - New York Times.

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