A ruling by a federal judge in the complex tax shelters case involving 16
former KPMG executives has been hailed as a victory for the defense.
Lewis A. Kaplan, a Manhattan federal judge, said prosecutors must divulge
whether they intend to show that the products offered by KPMG were fraudulent in
This is expected to mean that government prosecutors will have to reveal some
strategy about how it plans to present its case, Reuters reported
They must now tell defendants by 21 April whether they believe the various
tax shelter were fraudulent ‘as designed as and approved by KPMG and, if so, in
In what is being called the largest criminal tax fraud case in history, the
US government has accused 16 former KPMG executives and two others of costing
the Internal Revenue Service at least $2.5bn (£1.43bn) in taxes over several
years by setting up allegedly bogus tax shelters for hundreds of wealthy
The defendants have said their conduct was lawful.
A new head of solutions, Aidan Brennan, has been appointed at KPMG UK
Hundreds of jobs are secure after Spectrum Contracting has been sold out of administration to Minstrell Recruitment by FRP Advisory
Cowgill Holloway and Warings Business Advisors have merged, with a range of growth plans in the North West put in place
The Practitioner discusses their timesheet militancy, and reaction to someone playing it fast and loose with the details...