{"id":243796,"date":"2003-07-29T23:32:18","date_gmt":"2003-07-30T03:32:18","guid":{"rendered":"https:\/\/www.bahamasb2b.com\/news\/2003\/07\/irs-forces-cancellation-of-leadenhall-mastercards"},"modified":"2003-07-29T23:32:18","modified_gmt":"2003-07-30T03:32:18","slug":"irs-forces-cancellation-of-leadenhall-mastercards","status":"publish","type":"post","link":"https:\/\/www.bahamasb2b.com\/news\/2003\/07\/irs-forces-cancellation-of-leadenhall-mastercards","title":{"rendered":"IRS Forces Cancellation of Leadenhall Mastercards"},"content":{"rendered":"<p>Leadenhall marketed offshore credit cards to expatriates as a means of accessing personal funds outside the Bahamas.<br \/>\n<P><br \/>\nThe IRS views this and similar offshore credit-card operations as tax-avoidance schemes.<br \/>\n<P><br \/>\nAccording to the IRS, &#8220;credit cards provide easy access to offshore funds and accounts in tax haven countries that allow income to be hidden. US citizens must pay tax on their worldwide income.&#8221;<br \/>\n<P><br \/>\n<B>Source: The Tribune<\/B><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Effective today, all Mastercards issued Leadenhall Bank and Trust are cancelled under pressure from the United States Internal revenue Service, a move that will affect thousands of people.<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"rop_custom_images_group":[],"rop_custom_messages_group":[],"rop_publish_now":"initial","rop_publish_now_accounts":{"facebook_10223285771444175_51037792744":""},"rop_publish_now_history":[],"rop_publish_now_status":"pending","footnotes":""},"categories":[12],"tags":[],"class_list":["post-243796","post","type-post","status-publish","format-standard","hentry","category-headlines"],"_links":{"self":[{"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/posts\/243796","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/comments?post=243796"}],"version-history":[{"count":0,"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/posts\/243796\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/media?parent=243796"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/categories?post=243796"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/tags?post=243796"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}