The US is seeking an order from a San Francisco federal court authorising the Internal Revenue Service (IRS) to request information from HSBC Bank about US residents who may be using accounts in HSBC India to evade federal income taxes, the Justice Department said Thursday.
“The ability to hide accounts in foreign countries is rapidly dwindling. We will continue working hand-in-hand with the IRS to enforce the tax laws against those who are using offshore accounts — wherever they are located — to evade taxes,” said John DiCicco, the Principal Deputy Assistant Attorney General for the Justice Department’s Tax Division.
On Thursday, the government filed a petition with the court to allow the IRS to serve what is known as a “John Doe” summons on the bank.
excelent