Tagged With tax evasion

The European Union's competition commissioner Margrethe Vestager issued a recovery order against Amazon on Wednesday over hundreds of millions of euros in back taxes the company avoided by routing its finances through Luxembourg.

On Wednesday, a US federal judge authorised a summons requiring Coinbase, America's largest Bitcoin service, to provide the IRS with the records of every user who traded on the site between 2014 and 2015. Covering the identities and transaction histories of millions of costumers, the request is believed to be the largest single attempt to identify tax evaders using virtual currency to date.