SO WHO'S UP IN ARMS against Starbucks' tax strategy?
Mainly tax advisors have been against the furore, claiming that – in general – such dealings that Starbucks had are pretty much par for the course, above board, previously scrutinised by tax authorities, while arguing that talking about turnover and corporation tax in the same breath is conflation.
There have been exceptions: TS was unsurprised to see Richard Murphy take umbrage.
But we haven't seen the institutes step out on this one – think back to the ICAEW's ‘guidance' to advisors on ‘helping clients avoid tax' earlier this year.
So TS noted with interest that the Association of Accounting Technician's director of professional development, Adam Harper, quoted in The Guardian's letters page, to the effect that the coffee chain ‘sidelines' the UK tax system despite priding itself on ethical standards.
Strong words Adam – not necessarily the views of your employer? Would be interesting to know the direction the AAT's taking with its exams. Maybe its introduction of an ethics microsite provides the answer...
You may also like
If budgeting is to have any value at all, it needs a radical overhaul. In today's dynamic marketplace, budgeting can no longer serve as a company's only management system; it must integrate with and support dedicated strategy management systems, process improvement systems, and the like. In this paper, Professor Peter Horvath and Dr Ralf Sauter present what's wrong with the current approach to budgeting and how to fix it.
In this white paper CCH provide checklists to help accountants and finance professionals both in practice and in business examine these issues and make plans. Also includes a case study of a large commercial organisation working through the first year of mandatory iXBRL filing.