IRS Issues Doe Summons for Credit Card Transactions with 3 “Havens”

On October 27, 2000, U.S. District Judge Adalberto Jordan in the U.S. District Court for the Southern District of Florida, authorized the Internal Revenue Service (IRS) to examine the banking records of tens of thousands of U.S. persons with offshore accounts in the Caribbean.On October 19, 2000, the media reported the IRS on October 18 requested a federal judge in Miami to issue summonses for two years’ worth of records of MasterCard and American Express card transactions in the United States that were billed to bank accounts in Antigua and Barbuda, the Bahamas, and the Cayman Islands....[more]