11/15/2005 - Posted by:
McCraney Montagnet & Quin PLLC
Phone: 601.707.5725
Fax: 601.510.2939
Send Email  Visit Website

Tax Fraud; Publicly-traded company evaded state income tax by means of a complicated tax shelter; $125 Million Settlement

I recently represented the State of Mississippi as outside counsel in the prosecution of a civil lawsuit against MCI Inc. for tax fraud.  The predecessor corporation of MCI (WorldCom Inc.), with the assistance of KPMG LLP (an international accounting firm), developed a tax shelter in which WorldCom's subsidiary companies made payments to their corporate parent in exchange for the parent company's "management foresight."  The State alleged that these payments were mischaracterized as "royalties" in order to avoid state tax in Mississippi from 1999 through the middle portion of 2002.  We recently settled this suit for $125 million.
Personal Injury Lawyers CLICK HERE
Select Personal Injury Attorneys by State
Personal Injury Lawyers Brain Injuries Spinal Cord Injuries
Quadriplegia and Paraplegia Back Injuries Ruptured & Herniated Disks
Bulging Disk Neck Injuries Dog Bites
Toxic Mold Product Liability Fire Accidents
Trucking Accidents Boating Accidents Car Accidents
Plane Crashes Medical Malpractice Motorcycle Accidents
Wrongful Death Personal Injury Lawsuits Testimonial
 RSS Feeds  |  Articles  |  Jobs  |  Leads
SiteMap | Attorney Registration | PI Case Laws
| Personal Injury Lawyers Directory | Success Stories | Press Releases
Copyright © 2005. “National Association of Personal Injury Lawyers (NAPIL)”. All rights reserved.
By using the system, you agree to TERMS OF SERVICE