"We hope to recover what is due and see the courts apply an appropriate penalty, " he said.

BBC: HSBC faces new money laundering claims in Argentina

This afternoon, the committee will conduct a hearing on the appropriate penalty for violation of House rules by Representative Gingrich.

CNN: AllPolitics - Ethics Transcript

If the Shell Oil hoax is determined by a court to violate a law (such as trademark infringement), Greenpeace and the Yes Men should man up, accept the verdict and pay the appropriate penalty.

CNN: Was the Shell oil hoax ethical?

In such situations, the IRS can be expected to conduct an examination to determine if the potential offshore related penalty or some other resolution is appropriate.

FORBES: New Streamlined Filing Compliance Procedures for Non-Resident U.S. Taxpayers

In his judgement, Lord Carloway said it was appropriate that the firm should face "a substantial financial penalty" for busting UN sanctions and to "deter future offences".

BBC: Weir Group fined ?3m over Saddam sanctions breaches

Thus, IRS will continue to argue in appropriate cases, including those appealable to the Ninth Circuit, that the gross valuation misstatement penalty applies if an overvaluation is an integral part of a transaction, regardless of the grounds for disallowance of the related deduction or credit.

FORBES: IRS Wants More Penalties