Tax Analysts reports on their free site this morning that indictments of KPMG partners are expected within days. The report also says that the Justice Department may seek life sentences for the partners on charges of conspiracy to evade taxes.
POUR ENCOURAGER LES AUTRES
Life in prison? That sort of takes the fun out of the tax shelter business. Presumably that is to encourage the rest of us in the tax world to more circumspect behavior.
Last night Bloomberg.com reported that the Bush Administration does not want to indict KPMG itself.
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