You write me a topic Essay Example | Topics and Well Written Essays - 500 words

You write me a topic - Essay Example In addition, the article gives attention to the banks involved; this is especially the banks in Switzerland. This is including the effect that the confessions of the whistleblower have had on the banks. These include the loss of business and reduced revenue from lower rates charged for private banking due to loss of privacy. One more issue is the remuneration of individuals who come forward with information on fraudulent activities that involve tax evasion. Therefore, with this, it shows the commitment of the IRS in recovering lost taxes by spending substantial amounts of the same funds in compensating those that forward the information. Tax evasions appear to be a critical issue in the United States leading to the loss of billions of dollars in expected revenues to the IRS for national development. This fraudulent behavior is highly unethical; moreover, it is degrading to the development of the country morally. This should provide the perspective to the individuals involved that it is their moral responsibility to pay taxes to the government. It is also the moral obligation of an individual to the society to pay taxes because the same society benefits from it (McGee and Smith 3982). Failure to pay the taxes, results in unfair practices in the society by overburdening some members of the society to shoulder the burden of developing the nation. This means that tax evasion is an issue that the IRS is well aware of and is condoning both directly and indirectly. This is following the reward scheme, where whistleblowers are rewarded with substantial amounts of finances, despite their involvement in defrauding the IRS (â €Å"Whistleblower - Informant Award†). As a result, it might lead to worse ethical issues of intentional tax evasion in an attempt to clinch the prize money offered by the federal government. In addition, the other issue is that of