Its "The Art of the Deal, KPMG Style." When it came to flogging offshore hidey holes in the Isle of Man where rich Canadians could make their money vanish, KPMG thought to mine one rich vein of investors - those who wanted to hide their loot from the matrimonial clutches of their spouse. From CBC News:
Embattled accounting firm KPMG promoted its offshore Isle of Man tax avoidance scheme as a vehicle for stashing money away from ex-spouses in divorce proceedings, documents handed over to a parliamentary probe reveal.
Those revelations are contained in several "private and confidential" emails between KPMG tax executives and an outside law firm, as well as in a talking point "script" for accounting sales reps to promote the Isle of Man tax dodge to their affluent clients.
The discovery that KPMG discussed avoiding Canadian laws in family disputes is the latest development in a growing scandal in which one of Canada's largest accounting firms ran a secret offshore scheme for more than a decade that that the Canada Revenue Agency alleges "intended to deceive" authorities.
Then there's this guy, Joel Nitikman, of the law firm Fraser Milner Casgrain, now Dentons.
In the finest traditions of the legal profession, Nitikman snarled and spat when approached by CBC.
NDP MP, Guy Caron, doesn't think too much of KPMG's scheme:
Apparently CBC still hasn't been sued by Mr. Nitikman. Perhaps the Writ got lost in the mail.