Corporate and Trust Services Caribbean Ltd.

  • Home
  • Corporate and Trust Services Caribbean Ltd.

US court approves application to serve summonses on VISA International for tax evasion investigation

A California court has approved a request by the Internal Revenue Service for leave to file "John Doe" summonses on VISA International as part of an investigation into tax evasion using offshore credit cards. The order, issued on March 28, 2002, allows the IRS to examine the records of VISA credit or debit cards issued "by, through, or on behalf of banks or other financial institutions" in 31 offshore jurisdictions.

Canadian Venture Exchange blocks offshore firm’s reverse merger attempt

The Canadian Venture Exchange has blocked a reverse merger attempt by a firm offering online stockbroking products to offshore investment firms.British Virgin Islands domiciled Blue Chip Online Ltd., whose President is Canadian businessman Richard Czerlau, had been trying to reverse