USA’s Court of Appeals for the Second Circuit has upheld the dismissal of
criminal charges against 13 former executives at
LLP, agreeing prosecutors violated the defendants’ rights by putting
pressure on the accounting firm to refrain from paying their partners’ legal
The decision, by the US Court of Appeals for the Second Circuit, also deals a
blow to what was once touted as the biggest-ever criminal tax prosecution,
according to the Guardian.
Several other defendants in the tax fraud case who were not part of the
appeal will still go on trial, but the case is now much smaller than it was when
first publicised in 2005.
Although KPMG itself was not a defendant, it agreed in 2005 to pay $456m
(?250m) to settle a federal probe into improper tax shelters, which the former
KPMG partners and others had been accused of setting up for wealthy clients and
concealing them to cheat the US government out of $2.5bn.
Making Tax Digital will impose significant additional tax compliance costs on small businesses for little or no medium term benefit, tax and small business experts told MPs
The drive towards a fully digital tax regime is an admirable one, but mandation is simply wrong, according to one of the UK's most senior tax technology practitioners - Paul Aplin
HMRC has won its tenth successive case against tax avoidance schemes promoted by NT Advisors. The Court of Appeal has ruled that NT ... read more
HMRC is continuing to ramp up the number of raids on premises it carries out as part of criminal investigations, searching 761 properties in the last year