In a landmark demonstration of transatlantic cooperation, the IRS Whistleblower Office and His Majesty’s Revenue and Customs are jointly promoting their respective tax whistleblower programs and encouraging individuals with knowledge of tax fraud to come forward and file cases in efforts to fight cross-border tax fraud. This collaboration is particularly significant given the historical skepticism in the UK regarding rewarding whistleblowers.
On August 26, leaders from the IRS Whistleblower Office and HMRC will speak together at the 43rd Cambridge International Symposium on Economic Crime in Cambridge, England, to promote these two highly effective public-assisted programs. The topic, “Cutting Edge Whistleblower/Informant Rewards Programs in the UK and US (HMRC, SFO, & IRS)” will focus on the practical investigation and enforcement mechanisms driving these programs.
Government officials and fraud investigators from countries around the world have attended this annual symposium for many years to share ideas on combating economic crime internationally.
Many tax fraud and tax underpayment cases impact both countries and can spill over into other jurisdictions. Tax evasion schemes often involve multi-layered entities, such as subtrusts and corporate subsidiaries, that can be used to conceal income. Multiple bank accounts spread throughout the world in jurisdictions with hard-to-penetrate secrecy laws can be used to hide reportable revenue. The combined forces of...
A Texas appeals court has slashed the $50m judgment to $1.5m against Alex Jones, founder of the rightwing platform Infowars, over falsely calling the 2012 Sandy Hook school shooting in Newtown, Co...