The Bipartisan Budget Act of 2018, approved today by the U.S. Congress, included two key whistleblower-rights amendments initially introduced by Senator Charles Grassley (R-IA). These amendments ensure that employees who blow the whistle on criminal tax fraudsters are covered under the IRS whistleblower law, and end the double-taxation of whistleblower awards under the Dodd-Frank Act.
These amendments fixed devastating loopholes in two major anti-fraud corporate whistleblower laws. The criminal loophole in the tax law would have disqualified most whistleblowers who reported illegal offshore tax-avoidance schemes. The Grassley amendment completely eviscerated that loophole, permitting employees who risk their careers to disclose criminal tax frauds to obtain an award under the law.Read more here.