We regret the past tax practices that were the subject of the investigation. KPMG is a better and stronger firm today, having learned much from this experience.
Quotes about kpmg (6 Quotes)
There is nothing hidden, fraudulent or criminal about the BLIPS transaction. It was fully and openly reviewed and approved by many KPMG professionals and independent law firms who believed that BLIPS complied with the tax law. No court has ever held that the BLIPS transaction does not work.
Obviously KPMG is an old-line name. It's a really encouraging sign to see it trade to a premium like this. The deals up to now have been really spotty.
KPMG is the clear comparable. Most of KPMG's life as a public company has been below its offering price.
Investors looked to KPMG for tax advice. They looked to us as an investment adviser to execute a variety of stock and option transactions, We got out of the business of working with large accounting firms more than five years ago.
I have heard from reliable sources that the government intends to indict eight former partners of KPMG in relation to their involvement in alleged tax shelters.