Awards IRS Tax Fraud / Belohnungen Steuerbetrugaufdeckung
The law provides for two types of awards. If the taxes, penalties, interest and other amounts in dispute exceed $2 million, and a few other qualifications are met, the IRS will pay 15 percent to 30 percent of the amount collected. If the case deals with an individual, his or her annual gross income must be more than $200,000. If the whistleblower disagrees with the outcome of the claim, he or she can appeal to the Tax Court (IRS awards).
Die IRS wird für Whistleblower zwischen 15 bis 30 % der eingeforderten Steuern an den Whistleblower bezahlen.
Awards of Security Exchange Commission USA
New US whistleblowing incentives within the Dodd-Frank financial reform act – that could net informants multimillion dollar pay-outs – are likely to generate a
surge in allegations against US-listed companies and Wall Street banks, lawyers say.
The Securities Exchange Commission is expecting a sharp increase in tip-offs from senior employees and third parties prompted by potential seven-figure bounties.
A couple received a record pay-out from the US Securities and Exchange Commission last month (July 2010). Karen Kaiser and her current husband were awarded $1m for information
about Mrs Kaiser’s ex-husband that helped lead to hedge fund Pequot Capital Management paying $28m to settle an insider trading case.
The record pay-out for information could, however, soon be topped as the regulator prepares for an expected wave of tip-offs from others eager to win similar bounties under new SEC powers that came into effect under last month’s (July 2010) radical reforms to Wall Street legislation.
Belohnungen für Whistleblowing in Sachen Betrug etc. in mehrfacher Millionenhöhe basierend auf dem Dodd-Frank Financial Reform Act 2010.
Rudolf Elmer does not support such awards the risk is high that an unwanted business model could be nourished. On the other hand, he hopes it is not an effective way to fight abuse in a capitalistic system! On the other hand, as of today it is the only effective way get information out of a secrecy juristicition and go after tax evadors or even worse. The cooperation of secrecy juristictions works only on paper!!!