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Victoria, British Columbia (July 12, 2002) -- A Canadian judge here has ruled against the Internal Revenue Service in an evidentiary hearing to release records of offshore banking promoter/author Jerome Schneider, who resides in Vancouver.Access to the records was denied because the U.S. government refused permission for IRS agents to testify. The agents had accompanied the Royal Canadian Mounted Police on a raid of Schneider's offices in downtown Vancouver. According to Schneider's attorney, the IRS agents actively participated in the raid.
Schneider has authored The Complete Guide to Offshore Money Havens, How to Profit and Avoid Taxes by Organizing Your Own Private International Bank, and Hiding Your Money. He advertises that he will teach how to select accounts and investments that are not reportable, how to own an offshore company, establish an offshore trust, and hide money within institutions.
A spokesman for the IRS stated that it would have no comment on the court's ruling.
-- Electronic Accountant Newswire staff
