| Topic Name: |
Turnover |
| Message Name: |
Just the Facts |
| Date Posted: |
01/06/2006 |
| In Reply To: |
to sit there and say that corporate shelters have been addressed is truly mindblowing!!!
do a google news search with the terms
kpmg tax shelter
and you will see articles published in the last two weeks be the new york times and the international herald tribune detailing the IRS and DOJ investigations into the "Insureco" tax shelters sold to Yum Brands Inc. fka Tricon aka the owners of KFC Pizza Hut , Taco Bell etc. the shelter was a contingent liability shelter.
and YES the DPA is the ONLY agreement entered into thus far between KPMG and the US regarding tax shelters.
really, if you want to hang onto to any credibility don't make claims that are refuted by major news outlets via a 2 second google search. on the other hand you probably don't have much left after calling people posting on this site (who respectfully and reasonably disagree) idiots.
i guess next you'll tell us the earth is flat?
LOL |
| Message: |
Chairman said that DPA will not impact opportunities in Tax, but people are voting with their feet. Firm is in survival mode (for Tax) and looking short term. Audit is fine. Impact will be felt in two years when there is no resources (i.e., seniors/mgrs) to do the work. Just patchwork hires from local firms to fill in.
BTW, DPA is limited to the individual tax shelters. No one talks about the corporate tax shelters. Rumors are that there is a gentlemen agreement not to pursue this.
|
|
