Say it ain’t so! Accountancy firms ‘use knowledge of Treasury to help rich avoid tax’ – MPs
Margaret Hodge, the PAC’s chair, said the actions of the accountancy firms were tantamount to a scam and represented a “ridiculous conflict of interest” which must be stopped. “The large accountancy firms are in a powerful position in the tax world and have an unhealthily cosy relationship with government,” she said, calling for the Treasury to stop accepting their staff to draw up new tax laws.
In other news, Margaret Hodge called for tighter regulation of the consumer credit industry… civil service procurement… welfare to work schemes… academies… and tax avoidance… and Guardian commenters demanded tighter regulation of the press.
Remember citizens, Get real – get regulated.