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PayPal Ordered To Assist In US Tax Evasion Probe

by Glen Shapiro, LawAndTax-News.com, New York

17 April 2006


A ruling delivered by a California court last week has granted the US Internal Revenue Service permission to seek customer information from online payment service, PayPal.

The 'John Doe' summons authorised by the San Jose court seeks to oblige PayPal to provide account and transaction records dating back to its 1999 launch, in order to assist the IRS in its ongoing crackdown on tax evasion using offshore credit and debit cards.

According to reports in the US media last week, the payment service has been ordered to provide the details of US taxpayers using American Express, MasterCard and Visa cards issued by banks in Anguilla, the Channel Islands, Costa Rica, Cyprus, Hong Kong, the Isle of Man, Latvia, Luxembourg, Malta, Singapore, and Switzerland.

A PayPal spokeswoman explained last Wednesday that the firm was "still evaluating our options".


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