The IRS is gathering data on U.S. merchants who may be diverting online credit card sales revenue to offshore accounts.
A federal judge has granted permission for the IRS to force big credit card processor First Data to provide details on any U.S. merchants who have arranged since 2002 to have payments from credit and debit cards deposited in offshore accounts with the assistance of First Atlantic Commerce, an obscure company headquartered in Bermuda.
Credit card companies now. Can questionable Forex operators be too far behind?
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