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Lawyers and Abusive Tax Shelters: Civil Liability Thomas Ross “America's Internal Revenue Service has notched up some big wins. Its biggest, in August 2005, was in a court case against KPMG, one of the world's top four accountancy firms. The IRS accused KPMG of peddling a series of tax shelters to rich investors, involving Cayman and other OFCs, which generated $11 billion in phoney tax losses and deprived the government of at least $2.5 billion in tax revenue. KPMG admitted to criminal tax fraud...