U.S. Courts Allow IRS to Seek Bank Card User Information at Norway's Request
Federal courts in six states allowed the IRS to issue summonses to U.S. banks at the request of the Norwegian government to stop offshore tax evasion. The actions by the DOJ have signalled increased cooperation between the two governments and Taxation Partner Kevin Packman said it shows the U.S. is willing to cooperate with other governments to find taxpayers hiding money overseas.
"It's not a one-way street, and we'll help you too," Mr. Packman said. "It's highly noteworthy."