Finnish Owners of US Bank Accounts Have a ‘High Rate’ of Tax Evasion

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A number of US banks have received summonses ordering them to disclose information about all bank accounts owned or managed by Finnish residents. The John Doe orders, as they’ve been coined due to referring to unknown individuals, that were exposed for obtaining by the US Internal Revenue Service (IRS) at the request of the Finnish government, who has stated that they cannot trace the owners of payment cards that are only u1sed for PIN-authorised transactions.

The US Department of Justice says previous investigations of 130-160 taxpayers in Finland who used foreign charge cards have returned ‘extremely high rates of non-compliance with Finnish taxation legislation’.