AmEx Must Share Dutch Account Info With IRS

“In its latest John Doe summons, the U.S. Internal Revenue Service (IRS) is requiring American Express to send account information of Dutch residents with credit or debit cards linked to bank accounts outside the Netherlands to U.S. tax authorities.  The IRS had requested the information in cooperation with the Dutch government as part of an investigation to determine whether Dutch citizens living outside the Netherlands are complying with tax laws.”

Read more: http://www.pymnts.com/consumer-finance/2017/amex-must-share-dutch-account-info-with-irs/

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