s skippy the bush kangaroo

skippy the bush kangaroo

Monday, August 29, 2005

kpmg hates katrina victims

and veterans, soldiers and america in general. why else would it sell fraudulent ways to avoid paying for hurricane cleanup, veterans healthcare, soldier's body armour, etc. hate to remind people, but that's what taxes do...pay for things like these.
accounting firm kpmg monday agreed to pay $456 million to settle accusations it sold fraudulent tax shelters, as it sealed a deal with the government to avoid a criminal indictment that might have crippled the firm.

while kmpg itself escaped an indictment of the kind that destroyed arthur andersen when it was convicted of destroying documents, eight former partners, including its former deputy chairman, and a kpmg lawyer, were indicted for selling the tax shelters to wealthy clients. - usatoday and reuters

it's not like these folks were scrambling to get money to feed their families...
kpmg admitted it helped "high net worth" clients evade billions of dollars in capital-gains and income taxes by developing and marketing the tax shelters and concealing them from the irs.

...under the scheme, kpmg marketed the tax shelters to clients who made more than $10 million in 1997 and more than $20 million per year from 1998 to 2000, according to the indictment of the nine men. - ap
and now these folks get a slap on the wrist for undermining the financial future of our country but there are folks in prison for long periods of time for having just a few ounces of marijuana on their person.
posted by SantaBarbarian at 4:29 PM |


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