Accountancy Age has reported that:
The former KPMG partners accused of setting up illegal tax shelters have filed court documents requesting that the case against them be dismissed.
They claim that KPMG's refusal to cover their legal costs has denied them a fair trial.
Now let's be clear what this trial is about. It's about whether they designed tax shelters that defrauded the US government of about $2.5 billion. Those on trial were, apparently the best brains in the business. How much help do they need to decide if they were right or wrong? This is a case of unscrupulous accountants looking for yet another loophole to abuse. Let's hope they don't succeed.
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This is about as ludicrous as Wesley Snipes’ defence to his indictment for criminal tax evasion involving false tax refunds of $12m and failure to submit tax returns in the US for 5 years or so.
His defence? – that the indictment by the IRS was racially motivated.
Sometimes you have to laugh – and not just at the acting of WS