Former KPMG partners charged in an alleged fraudulent tax-shelter scheme will
be able to get access to documents related to the firm’s policies on providing
its employees legal fees.
The request was granted by federal judge Lewis A. Kaplan in Manhattan who
said he was not persuaded by a letter from KPMG asking him to hold off on
issuing the subpoena.
The judge initially approved the issuance of a subpoena in an order last
week, but the former KPMG partners then asked that additional documents be
included in their subpoena request.
Sixteen former KPMG tax partners and two other individuals are charged with
conspiracy and tax evasion over a scheme which allegedly allowed wealthy people
to avoid paying $2.5bn (£1.4bn) in taxes to the Internal Revenue Service.
The case is expected to go to trial in September.
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The second largest improvement in ‘significant’ levels of financial distress since the EU Referendum was in professional services, found research from Begbies Traynor
Carter Backer Winter has acquired Edwards Financial Services, expanding its financial planning department
New growth opportunities in Aberdeen, North East Scotland, are being invested in by Grant Thornton