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Showing posts with the label taxation

Cash Reward for Whistleblowers

Australia has a culture of a fair go and don't dob your mates in. The question is, are your coworkers mates? In England, for example, the government encourages people to dob their neighbors in for fleacing social security. It is accepted there. But in Australia there has been an outcry against offering cash to dob others in to the authorities. This kind of offer could backfire. Dobbers could just make things up to get cash. Who is to monitor this? It is hoped that companies will jump in to catch employees stealing from the business. Dodgy financial traders should watch out. Some rewards offered in the US have gone as high as $US104 million: though a court case resulted and fines were paid, this is a huge amount. Tax authorities are examining the possibility of reward for information that brings to light tax evasion. It seems though that those in high places will still not be caught. The Australian government turned a blind eye to Kerry Packer paying hardly any tax at ...