4 ms·

Might I introduce you to the existing system of whistleblowers being rewarded, and pleas in the justice system?

• giantg2 5y ago
  Whistleblowers get a cut of the fine? Or are they just being made whole again?
  • woodruffw 5y ago
    It depends on the incentive structure, but the SEC's whistleblower program is a notable example of reporters being given a percentage of the fine.
    • giantg2 5y ago
      I work at an SEC regulated place and hate my job. I'll keep this in mind!
  • shagie 5y ago
    https://www.irs.gov/compliance/whistleblower-office https://www.irs.gov/compliance/whistleblower-office > The IRS Whistleblower Office pays monetary awards to eligible individuals whose information is used by the IRS. The award percentage depends on several factors, but generally falls between 15 and 30 percent of the proceeds collected and attributable to the whistleblower's information. Awards can only be issued once a final determination can be made, and as such, award payments cannot be made until the taxpayer has exhausted all appeal rights and the taxpayer no longer can file a claim for refund or otherwise seek to recover the proceeds from the government. Know someone with $100k of unpaid taxes? That's a $15k - $30k payout. (edit) The report for 2020 - https://www.irs.gov/pub/irs-pdf/p5241.pdf https://www.irs.gov/pub/irs-pdf/p5241.pdf In 2020 they had 593 claims, 169 awards. They collected $472M and paid out $86M (18.3%). This is down from 2018 where $1.4B was collected, and $312M payouts where given.
    • giantg2 5y ago
      Wow, I didn't know that. When you said whistle blower, I initially thought of workplace whistle blower.