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Civil Court Rejects Tax Shelter Tied To KPMG

Publication Date: 
February 02, 2007
Source: 
The Wall Street Journal
Author: 
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.