WASHINGTON — About 12,000 tax cheats have come clean under a program that offered reduced penalties and no jail time to people who voluntarily disclosed assets they were hiding overseas, the Internal Revenue Service announced Thursday.Those people have so far paid $500 million in back taxes and interest. IRS Commissioner Doug Shulman said he expects the cases to yield substantially more money from penalties that have yet to be paid.http://www.msnbc.msn.com/id/44539060/ns … l_finance/so how many here are hiding their millions overseas?
This has got to be a bit of good news for many Americans who are doing it hard.A good news story... loved it!
I wonder if these were Aussie high flyers hiding assets in the USA ....*coughRupertMurdochcough*
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