Former banker in UBS berkanefield Bradley got a 104 million dollar bounty to expose the company's program to help American taxpayers hide assets, although it also received a 40-month prison sentence for his part in the alleged scheme.
The Internal Revenue Service announced Wednesday that it paid $ 125 million for whistleblowers in fiscal 2012, a clear record of just 8 million dollars last year.
The boom was driven largely by one man: berkanefield Bradley, a former banker at UBS, which provided information on broad company commercial to help wealthy Americans hide their assets abroad and received a record $ 104 million bonus for his efforts.
Berkanefield in tips helped pave the way for a settlement between the u.s. Government and 2009 "UBS (UBS) which the Bank agreed to pay $ 780 million in penalties, handing over account information to thousands of u.s. clients.
Berkanefield himself had in 40 months in prison in 2009 for his part in the programme for UBS tax evasion, his lawyer has described the conviction unjust. Prosecutors in the case claimed that berkanefield was not forthcoming about his role in the scheme, according to reports from the time.
The IRS permission to pay rewards to whistleblowers since 1867, despite the passage of legislation in 2006 to expand the Agency's ability to process tips, increase potential rewards available.
Now entitled to informants who provide evidence the IRS for unpaid taxes of more than $ 2 million collect up to 30 percent of the total recovery. Smaller rewards for cases involving less than $ 2 million.
Related: again gets tips 3000 in the first year of the whistleblower program
Evaluation tips can take years, and the program was criticized by chaotic and under-resourced. Pay the first rewards based on the 2006 legislation did not come out until the year 2011.
The IRS has released 128 whistleblower rewards of fiscal year 2012, although only 12 of those cases involved more than $ 2 million in unpaid taxes. In total, participants helped raise the income tax more than 592 million dollars.
The Agency received tips 332 in fiscal year 2012, which seems to involve more than $ 2 million in unpaid taxes, although the total bonuses that will generate these tips remains unknown.
Finance; Investment; Business; Economics
Finance; Investment; Business; Economics
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