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 on their complaints -- meaning their identities aren’t publicly known
– 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.
