I just heard on the local news, out of Seattle, that if you have your income tax prepared by an accountant, ask the accountant if they send your income tax return to a company over seas, such as India to be prepared? India was the only country mentioned, but that does not mean they are sent to an other country, another plus for out sourcing. Your identity could be stolen, is what the news reporter said.
This seams to be the normal way any more for your taxes to be done.
I can assure you it is far from normal. Most taxes are still done in the U.S., though some offshoring of tax preparation is occurring.
Identity theft due to confidential personal financial information being available to offshore employees is a real issue. I expect we'll see some big stories on this in 2004.
posted on 02/18/2004 4:20:07 AM PST
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Your identity could be stolen here in the US. in India they have the same laws -- they were forced to do so by companies here that don't want to get sued. The only place where a medical transcriptionist went beserk was in Pakistan which doesn't have those laws in place.
RE: offshore tax prep.
Yes, a few weeks ago this was a topic here. David Lazarus of the San Francisco Chronicle has written about threats to both medical and financial personal data.
"A tough lesson on medical privacy/Pakistani transcriber threatens UCSF over back pay" and "PRIVACY TAKES A BACKSEAT," David Lazarus, San Francisco Chronicle
Links to both are at http://www.privacy.org/archives/001191.html
in case you have not seen Lazarus' work. Or google, "David Lazarus" "PRIVACY TAKES A BACKSEAT"
I can see lawyers going after Big Finance soon. Big Tobacco had mere billions. Banks, insurance, etc. have trillions.
posted on 02/18/2004 7:23:32 AM PST
(Benedict Arnold was a hero for both sides in the same war, too!)
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