By
CA Ramachandran Mahadevan,M.Com.,F.C.A.,
Antwerp prosecutors intend to prosecute the tax consultants KPMG on
charges relating to involvement in fraud.
It was Flanders' financial daily De Tijd that broke the news.
Antwerp public prosecutors allege that KPMG was involved in the sale
of a German company to a British telecom group. The sale went via
Belgium because no tax is due here on the sale of shares.
In this way the German firm was able to evade paying 9 million euros'
worth of tax.
A Belgian judge will now decide whether KPMG and a Belgian solicitor
will have to face charges in court. In the meantime the German
businessmen have already reached a settlement with the German taxman
and the German judicial authorities
CA Ramachandran Mahadevan,M.Com.,F.C.A.,
Antwerp prosecutors intend to prosecute the tax consultants KPMG on
charges relating to involvement in fraud.
It was Flanders' financial daily De Tijd that broke the news.
Antwerp public prosecutors allege that KPMG was involved in the sale
of a German company to a British telecom group. The sale went via
Belgium because no tax is due here on the sale of shares.
In this way the German firm was able to evade paying 9 million euros'
worth of tax.
A Belgian judge will now decide whether KPMG and a Belgian solicitor
will have to face charges in court. In the meantime the German
businessmen have already reached a settlement with the German taxman
and the German judicial authorities
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