Paul L. Caron

Tuesday, September 11, 2012

IRS Awards $104 Million to UBS Tax Whistleblower Bradley Birkenfeld

IRS News, Tax | Permalink

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There is no need for caps on these rewards and here is why: ALL of this money for this reward came from UBS, not from the tax payers. The penalties were collected from UBS and the person responsible for collecting the penalties for UBS, the whistleblower, received a cut of it. If you cap rewards then you won't get whistleblowers to come forward and then you won't detect much corporate corruption and you won't collect large fines from these corporations, all to the detriment of the tax payers. If you do not cap these rewards, then you will catch some enormous corrupt "fish", like UBS.

Posted by: Dave | Sep 15, 2012 2:34:01 AM

C'mon . . . $104M?!? That seems a bit excessive. They need to put a cap on this, say $10M?

Posted by: Lt. Dangle | Sep 12, 2012 9:19:27 AM

And I always thought snitches only got stiches.

Posted by: the real anon | Sep 12, 2012 7:31:24 AM

He deserves every penny. Thank God for some small bit of justice in this realm.

Posted by: Anon | Sep 11, 2012 7:28:38 PM