ACCA 'welcomes' fight against tax evasion
Tax evasion is an issue that has featured heavily in the press in recent months.
Major global brands - such as Google and Starbucks - have been accused of organising their tax affairs in an immoral way and taking advantage of special deals with certain countries to reduce the amount of tax they have to pay.
On top of this, a number of celebrities - including comedian Jimmy Carr - were caught in a programme that was aggressively trying to help millionaires avoid paying tax.
All of this means the issue is now being debated on a European level and the ACCA is glad to see that action is going to be taken. The body recognises the need for better coordination on taxation matters at national, EU and international level.
Chas Roy-Chowdhury, head of taxation at ACCA, said he cannot remember a time when "so much political capital" has been invested in the issue, which means real progress could be made on the matter in the coming months and years.
"Progress on automatic exchange of information in the area of taxation of savings would be a very significant step, given that the issue has been discussed for many years but unanimous agreement has been impossible so far. If the IT arrangements can be sorted, the automatic exchange system has the potential to work quite effectively," he added.
While the Confederation of British Industry has said a competitive tax system is a requirement for the UK to prosper in a globalised economy, its system should still be fair and proper.
Mr Roy-Chowdhury added ACCA is glad the EU is taking an active interest in the issue and wants to see a package of measures agreed upon promptly. Among the policies it is keen to see developed are a strengthening of the fight against VAT fraud and a change in how the reverse charge mechanisms operate. He also thinks the code of conduct on business taxation needs to be strengthened.
Signup to receive the latest discipline specific articles
Related jobs
Salary:
£65,000 - £73,000 per annum + Excellent Benefits Package
Location:
Manchester, Greater Manchester
Industry
Consumer & Retail
Qualification
Fully qualified
Market
Commerce & Industry
Salary
£70,000 - £80,000
Job Discipline
Qualified Finance
Contract Type:
Permanent
Description
Exciting Group Reporting Finance Manager for a leading retail organisation based in Manchester offering hybrid working paying circa £70,000.
Reference
BBBH184314
Expiry Date
01/01/01
Author
Nathan JonesAuthor
Nathan JonesSalary:
£100,000 - £120,000 per annum + bonus and benefits
Location:
Crawley, West Sussex
Industry
Business Services
Qualification
Fully qualified
Market
Executive Search
Salary
£100,000 - £125,000
Job Discipline
Private Equity Executive Search
Contract Type:
Permanent
Description
Marks Sattin Executive Search is working with a rapidly growing PE-backed buy-and-build B2B business
Reference
TA 3428
Expiry Date
01/01/01
Author
Executive SearchAuthor
Executive SearchSalary:
£160,000 - £180,000 per annum + Equity, Bonus and Benefits
Location:
North West England
Industry
Education
Qualification
Fully qualified
Market
Executive Search
Salary
£175,000 - £250,000
Job Discipline
Private Equity Executive Search
Contract Type:
Permanent
Description
Marks Sattin Executive Search is currently working with a PE-Backed Education Business seeking an experienced CFO
Reference
TA 3427
Expiry Date
01/01/01
Author
Executive SearchAuthor
Executive SearchSalary:
Equity, Bonus and Benefits
Location:
London
Industry
Healthcare
Qualification
Fully qualified
Market
Executive Search
Salary
£125,000 - £175,000
Job Discipline
Private Equity Executive Search
Contract Type:
Permanent
Description
Marks Sattin Executive Search is partnering with a dynamic, PE-backed Multisite Healthcare Services business to recruit a CFO.
Reference
TA 3426
Expiry Date
01/01/01
Author
Executive SearchAuthor
Executive SearchSalary:
£400 - £475 per day
Location:
London
Industry
Private Equity
Qualification
Fully qualified
Market
Commerce & Industry
Salary
£350 - £450
Job Discipline
Qualified Finance
Contract Type:
Contract
Description
PE-backed SME seeks Interim Financial Controller for financial ops & strategic planning. Strong data analysis & PE experience required.
Reference
BBBH183888
Expiry Date
01/01/01
Author
Jaden AlieAuthor
Jaden AlieSalary:
Negotiable
Location:
Horsham, West Sussex
Industry
Technology
Qualification
None specified
Market
Commerce & Industry
Salary
£60,000 - £70,000
Job Discipline
Part Qualified & Transactional Finance
Contract Type:
Permanent
Description
Our high growth client in the tech/SAAS industry are looking for a new Transactional Finance Manager to join their finance team.
Reference
129384
Expiry Date
01/01/01
Author
Harry LathamAuthor
Harry LathamSalary:
Up to £45,000 per annum
Location:
Leeds, West Yorkshire
Industry
Business Services
Qualification
None specified
Market
Financial Services
Salary
£40,000 - £50,000
Job Discipline
Tax
Contract Type:
Permanent
Description
.
Reference
BBBH184306
Expiry Date
01/01/01
Author
Aleksandra TaranovskajaAuthor
Aleksandra TaranovskajaSalary:
£30,000 - £32,000 per annum
Location:
Leeds, West Yorkshire
Industry
Business Services
Qualification
None specified
Market
Commerce & Industry
Salary
£30,000 - £35,000
Job Discipline
Part Qualified & Transactional Finance
Contract Type:
Permanent
Description
Credit Controller in Leeds
Reference
BBBH184266
Expiry Date
01/01/01
Author
Cameron WalshAuthor
Cameron WalshSalary:
€100,000 - €110,000 per annum
Location:
Dublin City Centre, Dublin
Industry
Business Services
Qualification
None specified
Market
Financial Services
Salary
£80,000 - £100,000
Job Discipline
Project & Programme Management
Contract Type:
Permanent
Description
Programme Director - Financial Services - Dublin
Reference
BBBH183758
Expiry Date
01/01/01
Author
Cillian McevoyAuthor
Cillian McevoySalary:
€70,000 - €85,000 per annum
Location:
Dublin City Centre, Dublin
Industry
Business Services
Qualification
None specified
Market
Commerce & Industry
Salary
£70,000 - £80,000
Job Discipline
Change Management
Contract Type:
Permanent
Description
Financial Services Strategy Consulting Manager- Dublin
Reference
BBBH182070
Expiry Date
01/01/01
Author
Cillian McevoyAuthor
Cillian Mcevoy