AplusWebMaster
Topic Starter
FYI…
- http://www.sfgate.com/cgi-bin/article.cgi?…&sn;=001≻=1000
April 12, 2006
"…Federal officials have ordered PayPal, the popular online payment service, to turn over customer records as part of an investigation into tax cheats who hide money overseas. The demand, approved by a federal judge in San Jose, requires PayPal to provide details about U.S. users who sent money to a bank or credit card account in more than 30 foreign countries. The request covers the years 1999 to the present… The Internal Revenue Service's interest in PayPal customers is part of a broad, yearlong initiative to crack down on tax dodgers who hide money outside the United States. The problem costs the U.S. government millions of dollars annually in tax revenue. Users of PayPal transmitted nearly $27.5 billion in 2005. The service has nearly 100 million customer accounts, making it the Internet's leading payment service. Federal authorities hope to identify PayPal users who sent money to banks or credit card accounts in any of the more than 30 nations, many of them known as tax havens. Belize, the Cayman Islands, Latvia, Panama and Switzerland were among them…"
- http://www.sfgate.com/cgi-bin/article.cgi?…&sn;=001≻=1000
April 12, 2006
"…Federal officials have ordered PayPal, the popular online payment service, to turn over customer records as part of an investigation into tax cheats who hide money overseas. The demand, approved by a federal judge in San Jose, requires PayPal to provide details about U.S. users who sent money to a bank or credit card account in more than 30 foreign countries. The request covers the years 1999 to the present… The Internal Revenue Service's interest in PayPal customers is part of a broad, yearlong initiative to crack down on tax dodgers who hide money outside the United States. The problem costs the U.S. government millions of dollars annually in tax revenue. Users of PayPal transmitted nearly $27.5 billion in 2005. The service has nearly 100 million customer accounts, making it the Internet's leading payment service. Federal authorities hope to identify PayPal users who sent money to banks or credit card accounts in any of the more than 30 nations, many of them known as tax havens. Belize, the Cayman Islands, Latvia, Panama and Switzerland were among them…"