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US pursuing Indian tax evaders

Last Updated 08 April 2011, 14:54 IST

 On Thursday, the government filed a petition with the court to allow the IRS to serve what is known as a “John Doe” summons on the bank. The IRS uses a John Doe summons, which if approved, would direct HSBC USA to produce records identifying US taxpayers with accounts at HSBC India, many of whom are believed by the government to have hidden their accounts from the IRS.

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(Published 08 April 2011, 14:53 IST)

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