Friday, October 12, 2007

Trial of former KPMG executives set to begin

The trial of three former KPMG executives and an attorney on tax fraud charges is scheduled to begin Oct. 23.

"A victory for the government could bolster its broad probe into abusive tax shelters," says The Wall Street Journal. "An acquittal may cause the government to re-think its strategy in future tax-shelter cases."

For background on the landmark case and a discussion of its impact, see the Journal.