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That means immunity from prosecution or reduced penalties and fines might not be available.
Taxpayers disclosing smaller accounts could pay reduced penalties of either 5 percent or 12.5 percent.
"No country anywhere has reduced penalties without getting more drug addiction and more trafficking and all the consequences of that".
As part of the language to codify the measure, lawmakers reduced penalties for possessing less than an ounce of marijuana.
While the reduced penalties were praised on social media and by chatshow hosts, others criticised the couple.
Although the Fair Sentencing Act reduced penalties for crack-cocaine possession, it increased them for drug trafficking.
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gave him a reduced penalty rather than a ban of up to two years.
Investors who come forward before Oct. 15 will be subject to a reduced penalty, of 5 to 20percentt, depending in part on whether their wealth was inherited.
That will put even more pressure on defendants to cooperate with the government in the hope of receiving a reduced penalty.
According to White Collar Watch, that will put even more pressure on defendants to cooperate with the government in the hope of receiving a reduced penalty.
Advocates argue that reduced penalty rates will lead to greater employment rates, while detractors point out that low wage-earning workers will be pushed further towards the poverty line.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com