Rupert Murdoch's WSJ reports: Snitch paid $104 million

  • Thread starter Thread starter Guns Guns Guns
  • Start date Start date
G

Guns Guns Guns

Guest
A former banker who helped the government unleash an international crackdown on tax evasion was awarded $104 million in what is believed to be the largest-ever whistleblower payout...



The case lifted the veil of Swiss bank secrecy that for decades had allowed wealthy people world-wide to evade taxes. UBS in 2009 agreed to turn over the names of more than 4,000 account holders who were U.S. taxpayers and pay $780 million to resolve a criminal case involving secret offshore accounts.



Since then, more than 33,000 U.S. taxpayers have confessed to holding undeclared overseas accounts and paid more than $5 billion in taxes and penalties.


Mitt-Romney-Hiding-Tax-Returns-1.jpg




http://online.wsj.com/article/SB10000872396390444017504577645412614237708.html
 
Back
Top