TaxCorporate TaxKPMG to avoid criminal trial

KPMG to avoid criminal trial

The US Department of Justice may step back from laying criminal charges against KPMG's US business for past sales of tax avoidance schemes to wealthy clients

US officials and KPMG, one of four largest audit firms in the world, are
discussing the possibility of a ‘deferred prosecution agreement’, which would
allow KPMG to avoid criminal proceedings by being put on probation, according to
The Washington Post.

The threat of a criminal case against the firm has sent shockwaves around the
wider financial community as well as the accountancy industry, which is only
just recovering from the collapse of former Big Five firm Arthur Andersen.

Andersen crumbled after the Justice Department charged it with obstruction of
justice in the Enron accounting scandal in 2001.

Related Articles

Big names, little tax: Airbnb, Facebook, Kellogg’s, eBay

Corporate Tax Big names, little tax: Airbnb, Facebook, Kellogg’s, eBay

2m Alia Shoaib, Reporter
New trading allowance: simplicity, but not as we know it

Administration New trading allowance: simplicity, but not as we know it

2m Emma Rawson, ATT Technical Officer
EU divided over radical tax reforms targeting tech giants

Corporate Tax EU divided over radical tax reforms targeting tech giants

2m Alia Shoaib, Reporter
‘Improve rather than lose’ disincorporation relief, tax body urges

Administration ‘Improve rather than lose’ disincorporation relief, tax body urges

3m Austin Clark, Reporter
How to educate your clients about tax avoidance

Corporate Tax How to educate your clients about tax avoidance

3m Clear Books | Sponsored
CGT clampdown nets HMRC £124m – but could lead to increase in use of avoidance schemes

Corporate Tax CGT clampdown nets HMRC £124m – but could lead to increase in use of avoidance schemes

3m Austin Clark, Reporter
‘Google tax’ nets HMRC £281m

Corporate Tax ‘Google tax’ nets HMRC £281m

3m Emma Smith, Managing Editor
Should I incorporate my buy-to-let business?

Corporate Tax Should I incorporate my buy-to-let business?

4m Emma Rawson