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I.R.S. officials estimate that up to two million Americans have offshore credit card and bank accounts.
Mr. Reeves is the lead investigator of the I.R.S.'s efforts to examine offshore credit card abuses.
A previous I.R.S. initiative, in 2003, aimed at luring Americans who evaded taxes through offshore credit cards, drew only 1,300 evaders, according to I.R.S. data.
The customer need only click on the company desired, perhaps adding some optional extras such as a bank account, an offshore credit card, mail-forwarding or letterhead, and then heads to the checkout.
The work involved shifting client money from Credit Suisse accounts to the smaller Swiss private banks and in providing offshore credit cards whose activity could not be detected by the I.R.S., the indictment said.
"In the weeks and months ahead," Commissioner Charles O. Rossotti said, "the I.R.S. will work aggressively to pursue offshore credit card holders who are not paying their fair share of taxes".
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No one knows how many offshore credit-card accounts are owned by U.S. citizens, but the IRS believes the number is in the thousands.
On August 27th, the club's leadership joined New Jersey legislators at the Paulsboro Marine Terminal to demand the state's Board of Public Utilities finalize regulations on offshore renewable energy credits, which the wind advocates say would unleash job-creating investment in offshore wind in the state – at Paulsboro.
I'm curious how they feel about similar implicit government subsidies for offshore drilling.(Photo credit: AFP).
The IRS suspects it knows the reason for the widespread use of offshore bank accounts and credit cards and just having an account is a red flag.
Guardian Data Systems, which launched last year, uses partnerships with offshore banks to offer credit card processing to high-risk merchants, such as marijuana dispensaries, payday lenders and bail bondsmen.
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