KPMG Gets Preliminary Approval On $225 Million Tax Shelter Settlement

November 2005
Public Accounting Report;11/15/2005, Vol. 29 Issue 21, p1
The article deals with the tax shelter-related lawsuit filed against KPMG LLP in the U.S. KPMG was charged with criminal wrongdoing for allegedly creating fraudulent tax shelters, which it sold to approximately 600 clients from 1996-2002. The company, along with Sidley Austin Brown & Wood LLP, was granted preliminary approval to settle the case by compensating its clients who participated in the tax shelters.


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