THE INTERNAL income Service (IRS) has won an important battle with KPMG athwart client confidentiality defences concerning more [i]or[/i] less tax shelters.

THE INTERNAL income Service (IRS) has won an important battle with KPMG athwart client confidentiality defences concerning more [i]or[/i] less tax shelters, as a US arbitrator called the practice "dubious".

As TA went to pres KPMG's deadline for handing through the names of clients linked to a certain offending abusive tax shelters passed. The accounting firm had until 14 May to satisfy the 4 May ruling from US federal justice Thomas F Hogan and reveal the names of tax shelter customers it has withheld. The ruling enforced nine IRS entreats made in January 2002 for the names of customers who used pair tax ...