BOCA RATON, Fla., Jan. 29, 2015 /PRNewswire/ — There are many reasons why a business would explore offshore credit card processing. Many times, US domestic banks are more conservative when it comes to ...

Are some U.S. merchants using the credit card processing system to divert Internet sales to offshore accounts and hide taxable profits from the Internal Revenue Service? That’s the suggestion in ...

People using offshore credit cards to hide income and evade U.S. taxes can avoid criminal charges if they come forward by April 15, the Internal Revenue Service said Tuesday. Those cardholders ...

WASHINGTON (CBS.MW) -- The Justice Department asked a federal court on Thursday to let the Internal Revenue Service demand offshore credit-card records from MasterCard International in an ongoing ...

the Internal Revenue Service went to court to seek records on U.S. taxpayers with credit card accounts in three offshore banking havens. Credit, debit and charge cards at banks in the Bahamas ...

The Internet has permitted these offshore scheme promoters to greatly expand the reach of their marketing efforts. Likewise, credit and debit cards issued by banks in foreign jurisdictions with ...

WASHINGTON -- As many as two million Americans may be using credit or debit cards issued by offshore banks to maintain easy access to hidden income, the Internal Revenue Service disclosed.

The original article can be found at CardRatings.com:Credit card spam payments handled by just a few offshore banks, say researchers Get a brief on the top business stories of the week ...