Tuesday, August 30, 2005

Ah, Nothing Like a Good Old Fashioned Tax Shelter

No wonder folks in the Whitehouse think it's okay to lie. They are following the lead of our "great" Capitalists:
Eight former executives of KPMG were indicted Monday as the Big Four accounting firm admitted it had set up fraudulent shelters to help rich clients dodge billions of dollars in taxes...

The Department of Justice called it the largest criminal tax case ever filed and said the KPMG scam allowed the firm's clients to avoid paying $2.5 billion in taxes.

Internal Revenue Service Commissioner Mark Everson said the firm's conduct had exceeded "clever lawyering and accounting" and amounted to plain theft from the people.

"Accountants and attorneys should be pillars of our systems of taxation, not the architects of its circumvention," he told reporters in Washington, D.C.

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