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IRS Boosts Whistleblower Reward Program

January 17, 2011 www.fa-mag.com (Bloomberg News) The Internal Revenue Service, reversing an earlier position, proposed rules making it more likely informants will collect a reward when they blow the whistle on tax-dodging employers, neighbors or family members. The agency proposed regulations today that make it easier for whistleblowers whose information results in denial of refunds…

UBS Whistleblower Gets Out of Jail

“Bradley Birkenfeld, the former Geneva-based UBS AG banker who exposed the powerful bank’s practice of helping wealthy U.S. citizens avoid paying taxes by hiding their assets in secret offshore accounts, phony trusts, and straw companies, was released from federal prison on Wednesday. He served 30 months of a 40-month sentence. Birkenfeld pled guilty in 2008…

Pfizer whistleblower’s ordeal reaps big rewards

“(Reuters) – Taking on corporate giants can feel like tilting at windmills, but John Kopchinski’s six-year legal battle against Pfizer Inc just made him a rich man. The Gulf War veteran and former Pfizer sales representative will earn more than $51.5 million as a result of his whistleblower lawsuit against the world’s biggest drugmaker and…

IRS Stingy With Whistleblower Payouts, Slow to Follow Up on Tips

“The IRS took more than four years to reward a whistleblower through a new program to encourage tipsters and has drawn criticism from the Government Accountability Office for failing to move faster. A recent GAO study found that the program, which has attracted tips from more than 1,300 whistleblowers, doesn’t collect data that could speed…

IRS Signals Willingness to Revise Whistleblower Program

” The Internal Revenue Service may be signaling a willingness to consider changes to its whistleblower program, following complaints that the program is stifling the initiative of informants around a kingpin who may have information about tax evasion. The National Whistleblowers Center released a letter Sept. 6 to IRS recommending changes to a key part…

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