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Wednesday, April 12, 2006

Paypal ordered to share info

A court has ordered Paypal to open up its ledger and share information with the government. The goal of this motion was to obtain information about tax cheats hiding money overseas. It seems likely, that government auditors will eventually be asking for information on domestic tax avoiders as well. Paypal, the leader payment services provider on the internet, processes nearly all eBay transactions and does so for our own Wholesale site as well. (PC World story on the case)