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KPMG Tax-Shelter Case Is Mixed Win for U.S.
Some key acquittals in the long, circuitous prosecution could encourage an enforcement shift for both personal and corporate tax shelters.
December 18, 2008
The long, circuitous prosecution of KPMG LLP executives over the selling of illegal personal tax shelters concluded with a handful of convictions Wednesday afternoon. But some observers saw the mixed-bag result, which included acquittals along with the jury's guilty verdicts, as a sign that the direction of government tax-shelter enforcement in both personal and corporate cases may change. Read more...
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Litigation is often considered the bane of Corporate America. But one British firm considers it an asset.
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