[VIDEO] Tax Law Whistleblower Claims on the Rise
Bloomberg Law’s Spencer Mazyck talks to Jack Trachtenberg (Sutherland Asbill & Brennan) about the growing trend of taxation-related whistleblower lawsuits claiming violations of the False Claims Act (FCA). According to Trachtenberg, these FCA tax suits expose businesses to new risks:
• Treble damages: a potential for fines equaling three times the tax in dispute plus penalties
• Reputational risks arising from bad publicity
• Loss of confidentiality because claims are disputed in public courtrooms instead of tax tribunals
[Link: Whistleblower Tax Suits on the Rise]
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Related reading:
• A Pinch of Salt - Applying False Claims Acts in State Taxation - Sutherland Asbill & Brennan LLP
• Retailers Operating in Illinois Must Collect Sales Tax on Shipping and Handling for Internet Orders to Illinois Residents or Face Steep Penalties - Proskauer Rose LLP
• “Taxpayers Sue New York State Under False Claims Act; Citizens Demand To Get What They Pay For” in Sutherland Salt Shaker - April Fools 2012 - Sutherland Asbill & Brennan LLP
