Post 1035

by billso on Friday, 18 June 2004

USA: Yahoo! News — Plan Would Pay Tax Whistle­blow­ers: “The pro­posed IRS Whistle­blower Office is designed to give tax agents an inside advan­tage when fight­ing com­pli­cated, often invis­i­ble tax shel­ters devel­oped for and used by wealthy tax­pay­ers and cor­po­ra­tions. It would go after indi­vid­u­als and cor­po­ra­tions with more than $200,000 in income who use shel­ters that hide $20,000 or more. Infor­mants who blow the whis­tle on tax eva­sion stand to win 15 per­cent to 30 per­cent of the recov­ered taxes and penal­ties if they con­tribute sub­stan­tially to the case. Those who make less sub­stan­tial con­tri­bu­tions can win up to 10 per­cent of recov­ered money.”

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