South Carolina regulators are reportedly mulling disciplinary action against KPMG LLP over the firm's past sales of allegedly abusive tax shelters.
State Department of Revenue officials are nearing a decision on whether to bar the Big Four firm from representing taxpayers in controversies before the DOR, The Wall Street Journal reported. The duration of a bar, which would mark the first disciplinary action against KPMG by a government body, could be either temporary or permanent, the Journal said. A decision could come this month.
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