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Violation Tracker Individual Record

Company: Ernst & Young, LLP
Current Parent Company: Ernst & Young
Parent at the Time of the Penalty Announcement:  subscribe to see this data field
Penalty: $15,000,000
Year: 2003
Date: July 2, 2003
Offense Group: financial offenses
Primary Offense: tax violations
Violation Description: The Internal Revenue Service announced a closing agreement with Ernst & Young, LLP, resolving issues relating to an examination of Ernst & Young's compliance with the registration and list maintenance requirements regarding the firm's marketing of tax shelters. The agreement required Ernst & Young to make a non-deductible payment of $15 million.
Level of Government: federal
Action Type: agency action
Agency: Internal Revenue Service
Civil or Criminal Case: civil
HQ Country of Current Parent: United Kingdom
Ownership Structure of Current Parent: privately held
Major Industry of Current Parent: business services
Specific Industry of Current Parent: accounting services
Source of Data: (click here)
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Current parent company note: Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.