IRS efforts target offshore bank credit cards

Article Abstract:

The Internal Revenue Service (IRS) has been allowed by a federal court in Miami, FL, on Oct 30, 2000 to demand from MasterCard and American Express the names of US citizens with cards issued by banks in countries considered as tax havens. However, the IRS effort to indentify tax evaders and recover unreported money stashed offshore has raised concerns among privacy advocates. The type of cards in question are those issued by banks in Antigua and Barbuda, the Caymans and the Bahamas.

Commercial Banking, Government regulation, Bank Credit Cards

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Publishers Clearing House agrees to marketing changes

Article Abstract:

Publishers Clearing House (PCH) has agreed on a $34-million settlement with 26 US states over the use of misleading marketing practices. As part of the settlement, the company agreed to use one entry form for all entrants, abolish mailings to magazine subscribers implying that they were closer to winning than nonsubscribers and restrict practices on the Prize Patrol. Also, PCH agreed to include a table on its mailings indicating the odds of winning.

Legal issues & crime, Advertising and Related Services, Advertising, not elsewhere classified, Sales Promotion Services, Publishers Clearing House

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Five new on-line 'shows' hope to be MTV of future

Article Abstract:

Digital Entertainment Network (DEN)is planning to launch fiver original programs on the World Wide Web on May 10, 1999. The startup network is seeking to market itself as the MTV of the Internet generation. DEN's shows, which is aimed at the 12- to 24-yr olds, will have an average length of six minutes. Among the shows are Redemption High, Frat Rtz, The Chang Gang, Tales form the Eastside, Aggronation, Royal Standard and Exoticom.

On-Line Information Services, Videotex & Teletext, Services introduction, Internet services, Digital Entertainment Network

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