Netherlands news: Tax fraud suspected in construction of new KPMG headquarters

Authorities in the Netherlands are investigating a holding company partly owned by KPMG for possible tax fraud, reports De Telegraaf. The holding company was in charge of building the new KPMG headquarters in the town of Amstelveen in 2009 and 2010, and is suspected of making fraudulent tax declarations and producing fake invoices, among others.

A partner in KPMG who was the CEO of the holding company has resigned. According to the article, KPMG is not itself under investigation in this case, despite owning 70% of the holding company.

nieuws.nl notes that

“…it is not the first time that KPMG and fraud appear in the same sentence. At the end of last year the accounting firm was fined seven million euros due to involvement in fraud. Its accountants allegedly looked the other way while construction company Ballast Nedam paid bribes.”

(Articles at links in Dutch, google assisted translation).

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