Credit Suisse has agreed to pay $2.6 billion to the U.S. government, the highest fine ever paid in a criminal tax case by a bank. Credit Suisse pleaded guilty to helping U.S. taxpayers file false claims and evade taxes. Credit Suisse admitted to destroying documents and setting up fake accounts to help U.S. citizens avoid taxes. Another story: “Credit Suisse Fined $2.5 billion After Pleading Guilty to U.S. Tax Charge.”
The U.S. Tax Court will allow three IRS whistleblowers to remain anonymous as they appeal IRS decisions about their rewards. Two of the whistleblowers are allowed to maintain the seal – because the judge agreed their fear of physical repercussions is justified. The third whistleblower argued that his identity should remain confidential to prevent financial retribution by the defendant.