Friday, May 9, 2014

Tax whistleblower news summary for week of May 5

A former Credit Suisse employee pleaded guilty to helping wealthy American clients hide untaxed income in Swiss bank accounts. U.S. authorities continue putting pressure on Credit Suisse to plead guilty to the same charges. (Reuters)

The IRS is investigating Caterpillar Inc.’s overseas transactions that saved the company over $2 billion in taxes from 2000 to 2012. (Bloomberg)