Treasury accountants accused of helping rich to avoid tax | tax avoidance News | The Week UK

English: East entrance of HM Treasury Français...

English: East entrance of HM Treasury Français : Entrée Est de HM Treasury (Photo credit: Wikipedia)

This is a further twist on poacher/gamekeeper/poacher story that has been widely reported in the UK’s media. Now we see that the Public Accounts Committee (PAC) is concerned about specialists from the major accounting firms seconded to the Treasury; those same specialists are then able to return to their firms and help wealthy individuals/corporations to “plan” tax minimization. It’s a short article and well worth a read. Check it out!

Treasury accountants accused of helping rich to avoid tax | tax avoidance News | The Week UK.

Once again this story questions the relationship of major consulting firms/ big four accounting firms and the public sector. The relationship is all too cosy for many, including the PAC; personally, I have enormous respect for the PAC.

David Cameron’s government has systematically blocked the deployment of independent professionals, like executive interim managers, which has forced the public sector to deploy big firm consultants (often less qualified and more expensive); this is really about cronyism in my view. Further, despite World opinion to the contrary, David Cameron’s government has stuck to excessive austerity which favors the wealthy and is toughest for wage and salary earners (plus of course the unemployed); significantly, there seems to be a different set of tax rules for the wealthy. With the Treasury’s policies being deeply unpopular, I expect the poacher/game-keeper/poacher stories to run and run.

Any thoughts?

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One response

  1. Pingback: UK Charities, Watchdogs, Tax Avoidance, the Guardian and the Thin Edge « Dr Alf's Blog

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