Tuesday, July 17, 2007
Largest Tax Fraud Case Ever Thrown Out
Earlier today a federal judge tossed out indictments against 13 former KPMG executives yesterday in the largest criminal tax-fraud case in United States history. The case was brought up to determine if the former KPMG executives intentionally helped clients avoid over $2.5 billion in federal tax liabilities through use of unlawful tax shelters. Judge Lewis A. Kaplan cited "intolerable" prosecutorial abuses that deprived the defendants of their constitutional right to a defense. Federal prosecutors pressured KPMG to stop paying the legal bills of their employees who refused to cooperate with the investigation. "There are limits on the permissible actions of even the best prosecutors," Judge Kaplan claimed. "The responsibility for the dismissal of this indictment . . . lies with the government." However, prosecutors are already considering their options for an appeal.
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July
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- IRS to Begin Increasing Amount of Audits
- Group of Tax-Exempt Firms Owe Over $1B in Taxes
- New Audi R8 Spider Sketch
- 5 Mistakes That Can Tax Your 401(k)
- New IRS Electronic PIN Signature Requirement
- National Taxpayer Advocate Releases Report on Tax ...
- U.S. Honda Open of Surfing Begins
- New Ferrari F430 Scuderia Announced
- Roni Deutch Tax Center Offering Incentive To Veterans
- Largest Tax Fraud Case Ever Thrown Out
- IRS Claims Electronic Excise Tax Filing Is Coming
- Courts Decided, Mental Anguish Awards Are Taxable
- Congress to IRS, Conduct More Audits!
- California Lawmaker Pushes For Sex Tax
- New Tax Foundation Newsletter
- Bugatti Veyron at the 2007 Prescott Hill Climb
- Revised Innocent Spouse Form
- Most States Not Raising Gas Taxes
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