I have heard from reliable sources that the government intends to indict eight former partners of KPMG in relation to their involvement in alleged tax shelters.
More Quotes from Robert Fink:
There is nothing hidden, fraudulent or criminal about the BLIPS transaction. It was fully and openly reviewed and approved by many KPMG professionals and independent law firms who believed that BLIPS complied with the tax law. No court has ever held that the BLIPS transaction does not work.Robert Fink
By bringing these indictments, the government is attempting to criminalize the type of tax planning that tax professionals engage in on a daily basis.
Robert Fink
If the government wants to put an end to these types of transactions, the proper response is for Congress to change the law, not to scare professionals away with indictments. It is a misuse of prosecutorial discretion to use criminal prosecutions to change accepted and legitimate standards of conduct,
Robert Fink
Readers Who Like This Quotation Also Like:
Based on Topics: Government QuotesBased on Keywords: kpmg
I have discovered in 20 years of moving around a ballpark, that the knowledge of the game is usually in inverse proportion to the price of the seats.
Bill Veeck
Death does determine life.
Pier P. Pasolini
Would I buy a cell phone for my 12-year-old?... No. I should have closer control over my child than that. He really shouldn't be in places where he needs to contact me by cell.
Stephen Baker