• Exclusives
  • Qui Tam
  • FCPA
  • SEC
  • CFTC
  • Tax & AML
  • Whistleblower of the Week
  • Opinion
  • Podcast
  • Features
Subscribe
  • FAQs
No Result
View All Result
Whistleblower Network News
The Truth at Any Cost.
Qui Tam, Compliance and Anti-Corruption News.
  • Exclusives
  • Qui Tam
  • FCPA
  • SEC
  • CFTC
  • Tax & AML
  • Whistleblower of the Week
  • Opinion
  • Podcast
  • Features
Subscribe
No Result
View All Result
Whistleblower Network News
No Result
View All Result
Home Global Whistleblowers

Deputy Director of National Tax Service of South Korea Interviewed at Whistleblower Summit

Geoff SchwellerbyGeoff Schweller
July 31, 2020
in Global Whistleblowers, National Whistleblower Day, News, Tax Evasion
Reading Time: 3 mins read
Deputy Director of National Tax Service of South Korea Interviewed at Whistleblower Summit
Share on TwitterShare on FacebookShare on LinkedInEmail

The Ninth Annual Whistleblower Summit and Film Festival is being held virtually from July 28 – August 1. The event features panels on an assortment of topics relevant to whistleblowers, whistleblower advocates, and over forty films. The full calendar of panels can be found here. Panels and films are available for viewing from their designated start time until July 31st at 11:59 pm EDT.

One of the featured panels is International Whistleblower Rights Program: South Korea’s Tax Whistleblower Reward Law. For this panel, Youjin Yoon, a law clerk at the qui tam law firm Kohn, Kohn and Colapinto, interviews Joohyun Baek, Deputy Director and Delegate to IBFD Netherlands at the National Tax Service (NTS) of South Korea, about Korea’s Tax Whistleblower Law.

Baek began by explaining that the NTS Whistleblower Reward Program consists of two separate programs: the Tax Evasion Informant Reward Program and the Foreign Financial Account Report Program. Both programs offer monetary whistleblower awards to individuals who disclose significant original information that leads to a successful enforcement action. Baek offered clarification about the details of these programs, including the difference between tax avoidance and tax evasion and the definition of “significant original information.” Baek stated that “under Korean tax law, ‘significant’ information is defined as the information that substantiates the whistleblower claim. This includes transactional information regarding the vendor, list of supply goods or services, quantity of supply goods, etc.”

Baek further detailed the two whistleblower reward programs. He explained that whistleblowers can be eligible for rewards under both programs simultaneously and that rewards are for 5-20% of the collected proceeds. He also made note that under the NTS Whistleblower Reward Programs individuals of any nationality are eligible for awards.

Baek continued by explaining the protections offered to Korean tax whistleblowers. Through the programs, Baek explained, whistleblowers are legally ensured complete confidentiality and anonymity. Baek concluded by recounting NTS Whistleblower Reward Program’s successes and the critical role individual whistleblowers play in combating fraud and corruption.

Like South Korea, the United States has important rewards programs for tax whistleblowers. Established in 2006, the IRS Whistleblower Program operates similarly to the NTS Whistleblower Program. IRS whistleblowers are offered confidentiality and are eligible for monetary awards if they provide original information that leads to a successful enforcement action. The IRS whistleblower awards are even greater than those offered by the NTS. IRS whistleblowers are entitled to an award between 15-30% of any amount recovered by the IRS. In 2012, Bradley Birkenfeld received an IRS whistleblower reward of $104 million, the largest ever individual qui tam whistleblower award in history. Earlier this month, the National Whistleblower Center urged Congress to strength the IRS Whistleblower Program to combat COVID-19 related tax fraud.

Protect Yourself: Purchase the New Whistleblower Handbook Protect Yourself: Purchase the New Whistleblower Handbook Protect Yourself: Purchase the New Whistleblower Handbook
Geoff Schweller

Geoff Schweller

Geoff Schweller is a contributing editor with Whistleblower Network News and writes about breaking whistleblower news, SEC whistleblowers, IRS whistleblowers, and CFTC whistleblowers. Geoff graduated from Hamilton College with a degree in Sociology and minors in French & Francophone Studies and Cinema & New Media Studies. While at Hamilton, Geoff was awarded an Emerson Foundation Grant to conduct an independent summer research project on representations of place in ethnographic film.

Write a Letter to The Editor.

Receive Daily Alerts

Subscribe to receive daily breaking news and legislative developments sent to your inbox.

  • This field is for validation purposes and should be left unchanged.

Most Popular

Hawaii Department of Health Employee Alleges Waste and Misconduct 

Drone Warfare Whistleblower Awaits Sentencing Under Espionage Act

Alphabet Shareholder Requests Stronger Whistleblower Protections for Google Employees

FCA Attorney Explains Landmark FCA Decision: 6th Circuit Jurisprudence Provides a Roadmap

Record Year Continues: SEC Whistleblower Nets $2.5 Million Award

Jane Norberg, Head of SEC Whistleblower Office, to Step Down After Highly Successful Tenure

Whistleblower Poll

Whistleblower Poll
Whistleblower Poll

Exclusive Marist Poll: Overwhelming Public Support Among Likely Voters For Increased Whistleblower Protections

byGeoff Schweller
October 6, 2020

ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT

STAY INFORMED. Subscribe to receive breaking whistleblower updates.

  • This field is for validation purposes and should be left unchanged.
Whistleblower Network News

Whistleblower Network News is an independent online newspaper providing our readers with up-to-date information on whistleblowing. Our goal is to be the best source of information on important qui tam, anti-corruption, compliance, and whistleblower law developments. 

Submit an Article
  • About
  • Advertise
  • Privacy Policy
  • Terms of Use
  • Careers
  • Contact
  • Donate

Copyright © 2021, Whistleblower Network News. All Rights Reserved.

This Newspaper/Web Site is made available by the publisher for educational purposes only as well as to give you general information and a general understanding of the law, not to provide specific legal advice. By using this website, you understand that there is no attorney-client relationship between you and the Newspaper/Web Site publisher. The Newspaper/Web Site should not be used as a substitute for competent legal advice from a licensed professional attorney in your state.

No Result
View All Result
  • Exclusives
  • Government
    • False Claims-Qui Tam
    • Federal Employees
    • Intelligence
  • Corporate
    • CFTC & Commodities
    • Dodd-Frank
    • IRS & Tax
    • SEC & Securities
  • Features
  • Legislation
  • International
    • Foreign Corruption
    • Tax Evasion
  • Rewards
  • Whistleblower of the Week
  • Environment
  • Opinion
    • Editorial
    • Jane Turner
    • Mark Worth
  • Employment
    • Sarbanes-Oxley Whistleblowers
    • Retaliation
    • OSHA
  • Media
    • Podcasts
    • Videos
    • Webinars
  • Whistleblower Poll
  • National Whistleblower Day
  • Whistleblower Resources
    • Frequently Asked Questions
    • The New Whistleblowers Handbook

Copyright © 2020, Whistleblower Network News. All Rights Reserved.

Become a Whistleblower Network News Subscriber

Login to your account below

Forgotten Password?

Create New Account!

Fill the forms below to register

All fields are required. Subscribe to WNN

Retrieve your password

Please enter your username or email address to reset your password.

Subscribe to WNN

Add New Playlist

Go to mobile version