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Home Global Whistleblowers

In Korea: Whistleblowers Help Collect Taxes

Mary Jane WilmothbyMary Jane Wilmoth
March 13, 2015
in Global Whistleblowers, News
Reading Time: 1 min read
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The National Tax Service of South Korea announced on March 9 that cases of tax evasion reported by whistleblowers increased 3.6 percent last year and resulted in 1.53 trillion won to be collected.

Since early 2013, the government has been ramping up its war against tax evaders, which was a campaign promise by President Park Geun-hye. Cracking down on the so-called underground economy was a way for the president to pay for expanded welfare programs.

Tax authorities explained that the increase in whistleblowing and additional tax collection were the result of an increase in the compensation cap for whistleblowing to 2 billion won from 1 billion won.

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This year, it will raise the maximum compensation cap to 3 billion won to urge more individuals to disclose illicit activity, and will also prepare other measures to protect whistleblowers.

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Mary Jane Wilmoth

Mary Jane Wilmoth

Mary Jane Wilmoth is the publisher of Whistleblower Network News, where she heads the editorial staff. She writes about breaking whistleblower news, and False Claims Act whistleblowers, SEC whistleblowers, IRS whistleblowers, FCPA whistleblowers, and CFTC whistleblowers. Mary Jane is the managing partner at the whistleblower law firm Kohn, Kohn & Colapinto, and a frequent contributor to The Whistleblower and Qui Tam Blog. She is a licensed attorney in the District of Columbia and a graduate of the University of New Hampshire School of Law (formerly Franklin Pierce Law Center).

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February 2015 SEC Whistleblower Awards List

February 2015 SEC Whistleblower Awards List

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