After a scandal, somebody finally gets rich for doing the right thing. It's NPR's business news.
A former banker, Bradley Birkenfeld, has just been awarded $104 million by the IRS. That is believed to be the largest amount ever paid to an individual whistle-blower. Birkenfeld told the IRS how a Swiss bank was helping thousands of Americans evade taxes, and was then thrown in jail.
Republican presidential nominee Mitt Romney's proposal to overhaul the tax code continues to draw scrutiny.
Romney says it is possible to cut tax rates without driving the government deeper into the red, and that he can make up for the lost revenue by closing tax loopholes. But analysts have had a hard time testing Romney's claim because he hasn't offered many specifics.
When he was pressed by NBC's David Gregory this weekend to give an example of a loophole he would close, Romney didn't offer much detail.
Over the last month, WEEKEND EDITION has been talking to top economists about jobs, growth, debt and taxes. But we also ask them a broader question: What is the one big idea in economics that's really caught your attention lately?
NOURIEL ROUBINI: Ideally, I would like the economists to become boring again.
Investigators are working to determine the legitimacy of a claim that GOP presidential candidate Mitt Romney's tax records have been stolen from an accounting firm's records.
Naming a million-dollar price, an anonymous ransom note was sent to accounting firm Pricewaterhouse Coopers. The letter, which was also posted online, gets right to the point: "Using your Office... we were able to gain access to your network file servers and copy over the tax documents for one Willard M Romney and Ann D Romney."
The note's author signs off with a perky "Cheers!"