The new directive on whistleblowers' protection: any impact on taxation? 22/05/2019
"On 16 April 2019, the European Parliament (EP) voted in favour of the proposed Directive on the protection of persons reporting on breaches of Union law (hereinafter “the Directive”).1) While the Directive remains to be adopted by the Council, it seems very likely that after the overwhelming majority it enjoyed at the EP, it will be adopted as it stands.
In contrast to the EU, the US has long in place a protective whistleblowers' programme. In this context, the IRS offers whistleblower programmes where the informant can get a share of the recovery, that is, he is rewarded for revealing the information. Under the same programmes the whistleblower can proceed anonymously, in that his name and existence are concealed. Several notorious US (-related) scandals have become known thanks to whistleblowers, including the UBS tax evasion controversies, the Enron and the Caterpillar scandals..."
Digital
The ETUI is co-funded by the European Union. Views and opinions expressed are however those of the author(s) only and do not necessarily reflect those of the European Union or the ETUI.