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US court grants IRS request to probe clients of offshore finance giant - ICIJ

ICIJ
Summary
Nutrition label

80% Informative

The IRS is conducting a wide-ranging investigation into possible tax violations by clients of a prominent offshore services provider.

A federal judge approved the IRS ’s request to demand records about U.S. taxpayers from a Manhattan -based affiliate of the Trident Trust Group .

Trident Trust is one of the largest players in the world of offshore finance, where wealthy clients set up opaque shell companies and trusts.

The IRS says it has evidence suggesting Trident Trust customers “violated the internal revenue laws” The agency says it believes Nevis Services holds valuable records regarding these clients.

The IRS is also seeking information from third parties, including courier services and banks, according to the filing.

VR Score

80

Informative language

80

Neutral language

35

Article tone

formal

Language

English

Language complexity

67

Offensive language

not offensive

Hate speech

not hateful

Attention-grabbing headline

not detected

Known propaganda techniques

not detected

Time-value

short-lived

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no affiliate links

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