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If that’s the biggest fine on record, not surprising that they keep breaking rules and trying to cover it up. KPMG cleared $35B last year, this is barely a slap
by mcmcmc 3y ago
If that’s the biggest fine on record, not surprising that they keep breaking rules and trying to cover it up. KPMG cleared $35B last year, this is barely a slap on the wrist.
- epalm 3y agoMore than that, the article says 36B last fiscal year. 25M is less than 1 tenth of 1 percent.
- HenryBemis 3y agoIt would be worth checking 1-2 years from now how many clients they lost in the Netherlands. I suppose that an Audit Committee and an ExCo wouldn't like to have as "their auditor" someone who cheats, gets caught, gets fined.
- com 3y agoIt’s irrelevant if you get “value” for the “services rendered” - and that’s in the broad, so a little reputational negativity can be nicely countered by a more aggressive tax minimisation approach for example.
- arp242 3y agoAnd the people involved walk away whistling without consequences. It doesn't matter if the fine is 0.1%, 10%, or 50% of yearly revenue if you're not the one paying it.