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Civil Court Rejects Tax Shelter Tied To KPMG

Publication Date: 
February 02, 2007
The Wall Street Journal
David Reilly and Paul Davies

Professor Joseph Bankman was quoted in this article about whether KPMG used phony tax shelters to avoid paying taxes.

Joseph Bankman, a tax-law expert at Stanford University law school, said the ruling wouldn't directly give prosecutors ammunition. But the Texas decision robs defense attorneys in the coming New York trial of a chance to argue that a federal judge had found that the structure had merit.