Friday 26 April 2013

Friday, April 26, 2013 Posted by Hari No comments
Posted by Hari on Friday, April 26, 2013 with No comments

"Scam": PricewaterhouseCoopers, Deloitte, Ernst & Young, KPGM... Fee tries to explain, but KJ and Chris get there in the end...

“Big 4” accountancy firms use knowledge gained from staff seconded to Treasury to help clients avoid taxes

In one example, KPMG advised on the development of "patent box" rules, and then issued marketing brochures titled "Patent box: what's in it for you." Deloitte, Ernst & Young, KPMG and PricewaterhouseCoopers have provided the government with expert accountants – free of charge - to help draw up tax laws. But the firms went on to advise multinationals and individuals on how to exploit loopholes in legislation they helped to write.


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