KPMG Gets Huge Fine over Tax Shelter Scandal

The US’s fourth-largest accounting firm, KPMG, has agreed to pay $456 million to avoid criminal prosecution by the US government over abusive tax shelters in what is known as a deferred prosecution. Under....

Click to view the full article


By: Stephen Harris
August 30, 2005
The US’s fourth-largest accounting firm, KPMG, has agreed to pay $456 million to avoid criminal prosecution by the US government over abusive tax shelters in what is known as a deferred prosecution. Under....