Civil Court Rejects Tax Shelter Tied To KPMG
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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.