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06/06/14 | Articles and TV
The Case for Qui Tam Tax Claims: Former New York Attorney General Bureau Chief Randall Fox Tells Why States Should Lift Their Bar
Published in: Bloomberg BNA
On June 6, 2014, Bloomberg BNA published its interview with partner Randall M. Fox, former New York Attorney General Bureau Chief, on why states should lift their bar on qui tam tax claims.
As quoted in Bloomberg's Tax Management Weekly State Tax Report, Mr. Fox says that “[i]ncentivizing whistleblowers is an effective tool for fighting fraud and protecting our tax dollars.”
Responding to tax practitioners who say qui tam claims should be excluded from False Claims Acts because tax law is complex, Mr. Fox explained that “tax [law] is not alone in having complexity. There are complex issues in Medicare law and government contract law, both of which are areas where False Claims Act cases have been very successful.”
False Claim Acts “provide an effective way to fight fraud, recover money and deter violations. Cash strapped states need to use every resource they have to increase revenues to pay for government services. FCA cases do involve time and risk, but implementing a False Claims Act is a wise investment. One recent study showed that the federal government has recovered about $20 for every $1 it spent on the resources necessary to pursue False Claims Act cases.”
Mr. Fox strongly believes that that the “implementation of tools that protect the integrity of the public fisc is a nonpartisan issue with great upside potential for a state and its citizens.”
Mr. Fox is a partner in the New York offices of Kirby McInerney LLP. If you have other questions or wish to obtain additional information, please contact Mr. Fox by the email link below, or by telephone at (212) 371-6600 or (888) 529-4787.
The full article is reproduced with permission of Bloomberg BNA and is accessible here.
As quoted in Bloomberg's Tax Management Weekly State Tax Report, Mr. Fox says that “[i]ncentivizing whistleblowers is an effective tool for fighting fraud and protecting our tax dollars.”
Responding to tax practitioners who say qui tam claims should be excluded from False Claims Acts because tax law is complex, Mr. Fox explained that “tax [law] is not alone in having complexity. There are complex issues in Medicare law and government contract law, both of which are areas where False Claims Act cases have been very successful.”
False Claim Acts “provide an effective way to fight fraud, recover money and deter violations. Cash strapped states need to use every resource they have to increase revenues to pay for government services. FCA cases do involve time and risk, but implementing a False Claims Act is a wise investment. One recent study showed that the federal government has recovered about $20 for every $1 it spent on the resources necessary to pursue False Claims Act cases.”
Mr. Fox strongly believes that that the “implementation of tools that protect the integrity of the public fisc is a nonpartisan issue with great upside potential for a state and its citizens.”
Mr. Fox is a partner in the New York offices of Kirby McInerney LLP. If you have other questions or wish to obtain additional information, please contact Mr. Fox by the email link below, or by telephone at (212) 371-6600 or (888) 529-4787.
The full article is reproduced with permission of Bloomberg BNA and is accessible here.
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