KPMG used its own tax shelter
Article Abstract:
KPMG L.L.P. of the United States is under investigation for illegal use of a tax shelter but will avoid federal prosecution as long as it complies with the terms of settlement. The accounting services firm recorded the $34 million deduction for itself in 2002 just before the United States Internal Revenue Service listed the tax avoidance strategy illegal. The investigation continues.
Publication Name: Wall Street Journal. Europe
Subject: Business, international
ISSN: 0921-9986
Year: 2005
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How lawyers helped drive the boom in tax shelters: R.J. Ruble blessed products from KPMG: the IRS says he had role in developing rich trade in opinion letters
Article Abstract:
A Senate investigation has revealed that Raymond J. Ruble of Brown & Wood L.L.P. promoted KPMG tax shelters by issuing opinion letters to KPMG client . Mr. Ruble did so, although he had collaborated with KPMG in developing the very tax shelters on which he was providing his supposedly independent opinions.
Publication Name: Wall Street Journal. Europe
Subject: Business, international
ISSN: 0921-9986
Year: 2004
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Nine are charged in KPMG case on tax shelters
Article Abstract:
Nine people formerly of KPMG L.L.P. of the United States have been charged with conspiracy to defraud the United States government using tax shelters. The accounting services giant, in a related case paid out a $456 million settlement to United States authorities.
Publication Name: Wall Street Journal. Europe
Subject: Business, international
ISSN: 0921-9986
Year: 2005
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