The IRS awarded the UBS whistleblower, Bradley Birkenfeld, $104 million for assisting in their investigation of the Swiss bank that was helping rich guys avoid paying taxes in the US. He still went to jail (serving 31 of 40 months for defrauding the US government on account of his work with UBS), but the settlement with UBS has brought tens of thousands of tax-evaders out of the woodwork under an IRS amnesty program. For those of you who still think $104 million is too high…
The government used that information to negotiate a $780 million settlement with UBS in 2009. Under that deal, UBS admitted to helping U.S. clients cheat on their taxes. The bank later turned over the names of nearly 5,000 U.S. clients suspected of tax evasion. IRS amnesty programs have since collected $5 billion from people who participated in UBS’s illegal scheme, Birkenfeld’s attorneys said.
The italics are mine. As the attorneys for the plaintiff said: “The IRS today sent 104 million messages to whistleblowers around the world — that there is now a safe and secure way to report tax fraud and that the IRS is now paying awards.”
- theersatzvegetarian posted this