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KPMG Netherlands chief quits over tax fraud probe

THE HEAD of KPMG in the Netherlands has resigned less than a month after an investigation commenced into an alleged tax fraud at a venture it set up to build a new Dutch headquarters.

Jurgen van Breukelen, who was in the position for less than two years, said he was stepping down to enable the company to break from “the recent past of misjudgments and errors”, Reuters reports.

A KPMG spokesman said van Breukelen was not among those people being investigated and there was no direct link between the tax probe and his resignation.

Last month, Dutch authorities launched a criminal investigation into a joint venture between KPMG and a project developer, including the role of two unidentified senior executives.

It represents the second time in two years that wrongdoing has been alleged at the Dutch arm of KPMG.

In December, KPMG said prosecutors had been investigating three former accountants at KPMG Accountants NV and that it had settled with authorities for €7m (£5.7m).

 


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