IRS Compels PayPal to Release Info

Posted by ryuzaki0 on Wednesday April 12, 2006 @07:54AM from the this-aint-the-cayman-islands dept.

An anonymous reader writes "Just in time for the tax season, the IRS won a federal court ruling, allowing them to force PayPal to turn over records of American taxpayers who have certain foreign accounts. It's all part of an ongoing effort to track down money held in offshore accounts by would-be taxpayers. A spokesperson for PayPal acknowledged receiving the summons (PDF) and said 'We're still evaluating our options [...] The privacy of our customers' information is something we take really seriously.'"

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Re:Aww, poor tax evaders! by Yartrebo · 2006-04-12 08:51 · Score: 0, Flamebait

The people doing the tax evading are filthy rich. Salaried people have very little opportunity to cheat on taxes. I have extreme contempt for rich people who won't even pay their share of taxes under a system that already favors them.

The military should be cut too, but why can't we both cut the military and crack down on rich tax cheats? Then we'd have money left over to pay down the debt.