CBC: Report Highlighed Forceful US Approach to Tax Evasion

NEWS FROM THE CELTIC LEAGUE

The ‘tail-end’ of the CBC documentary this week about tax evasion in Canada, allegedly involving KPMG, contrasted the manner in which tax evasion had been dealt with when there was a parallel situation in the United States some years earlier (see link):

https://www.cbc.ca/news/thenational/kpmg-allegedly-involved-in-offshore-tax-sham-1.3237906

Just over 12 months ago the US Internal Revenue Service (IRS) published detail of a case in which the firm admitted to criminal wrongdoing and agreed to pay $456 million in fines, restitution and penalties as part of an agreement to defer prosecution of the firm.

In addition to the agreement on fines and penalties a number of individuals faced criminal prosecuting in relation to the multi-billion dollar criminal tax fraud conspiracy.

The IRS release described it as the largest criminal tax case ever filed according to court papers the fraud had cost the United States at least $2.5 billion dollars in evaded taxes.

At the time of the case US Attorney General, Alberto R Gonzales, said:

“Corporate fraud has far-reaching consequences, both to the marketplace and those whose livelihoods depend on companies that maintain honest business practices,”

The full IRS release can be read here:

https://www.irs.gov/uac/KPMG-to-Pay-$456-Million-for-Criminal-Violations

BERNARD MOFFATT

Issued by: The Celtic News

23/09/15

THE CELTIC LEAGUE INFORMATION SERVICE

The Celtic League established in 1961 has branches in the six Celtic Countries. It promotes cooperation between the countries and campaigns on a range of political, cultural and environmental matters. It highlights human rights abuse, military activity and socio-economic issues

Home


Yahoo! Groups

Share this!
Share On Facebook
Share On Twitter
Share On Youtube
Contact us