UANI Calls on KPMG to End Its Business in Iran
March 22, 2010
FOR IMMEDIATE RELEASE
March 15, 2010
Contact: Kimmie Lipscomb, [email protected]
Phone: (212) 554-3296
March 15, 2010
Contact: Kimmie Lipscomb, [email protected]
Phone: (212) 554-3296
UANI
Calls on KPMG to End Its Business in Iran
New York, NY - United
Against Nuclear Iran (UANI) on Friday called on KPMG to end its business in Iran
and to refuse to provide services to companies that operate in
Iran. KPMG is listed on UANI's Iran Business Registry (IBR).
According to its website, KPMG maintains an office in Iran. KPMG, since October of 2009, has been seeking to recruit new senior-level employees to the office. KPMG enables other companies to conduct business in Iran. In 2008, KPMG published a report on tax issues in Iran entitled Iran: Taxation of International Executives.
As noted by the New York Times on Sunday, March 7, 2010, KPMG not only operates in Iran, but in the past decade has received $1.2 billion in U.S. federal contracts and grants. Companies must choose between doing business with the U.S. and with Iran. This fall, UANI worked with Representatives Klein and Mica to introduce in the U.S. House of Representatives the ABC Iran Act, the purpose of which is to preclude companies doing business in Iran from doing business with the U.S. Government.
In a letter to Timothy Flynn, the Chairman of KPMG, UANI President Ambassador Mark
Wallace wrote:
Click here to send a message to KPMG.
According to its website, KPMG maintains an office in Iran. KPMG, since October of 2009, has been seeking to recruit new senior-level employees to the office. KPMG enables other companies to conduct business in Iran. In 2008, KPMG published a report on tax issues in Iran entitled Iran: Taxation of International Executives.
As noted by the New York Times on Sunday, March 7, 2010, KPMG not only operates in Iran, but in the past decade has received $1.2 billion in U.S. federal contracts and grants. Companies must choose between doing business with the U.S. and with Iran. This fall, UANI worked with Representatives Klein and Mica to introduce in the U.S. House of Representatives the ABC Iran Act, the purpose of which is to preclude companies doing business in Iran from doing business with the U.S. Government.
In a letter to Timothy Flynn, the Chairman of KPMG, UANI President Ambassador Mark
Wallace wrote:
Since at least October 29,
2009, KPMG has listed Iran as a key country in KPMG's Middle East/South
Asia Region (MESA) while touting the advantages of its business in the
MESA region and its countries, including Iran. Since at least
October 3, 2009, KPMG has been seeking employees for its Iran
practice. 'To keep up with this growth, we need to recruit
experienced professionals from abroad, particularly in Advisory, and
ideally at Senior Manager level and above.'
****
Moreover, your website
states that KPMG is "the leading provider of financial audits to the
cabinet-level agencies in the Federal Government." Your firm
provides key services to the U.S. Federal Government, but at the same
time conducts and enables business in Iran.
****
Among others, UANI's Iran
Business Registry lists Daimler, Honda, HSBC, Petrobras and Sinopec as
companies with current business operations in Iran. KPMG
provides auditing, accounting and/or tax services for these businesses
that operate in Iran, according to their 10-Ks...Doing business in Iran
becomes far more problematic for these companies when they no longer
have a Big Four auditing firm legitimizing their Iran-based
business. KPMG must stop servicing its clients' businesses in
Iran.
****
Given the urgent nature of
this issue please let me hear from you on or before March 26, 2010 with
your response.
Click here to send a message to KPMG.
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