I’M ABOUT to treat myself by plowing through the Aussie government’s discussion paper on the implications of extending privilege to tax advisers in certain circumstances.
But I couldn’t help but stop and point out the second sentence in financial services minister Bill Shorten’s foreword for the doc, where he describes the accountants as “the consiglieri of suburban prosperity”.
“What a cool turn of phrase”, was my first thought. My second thought was, “hold on, that sounds a bit dodgy”. A consigliere means advisor or counsel, but is the generally accepted term for a Mafia boss’s right-hand man.
More an unfortunate turn of phrase. In fairness, he adds that accounting is a “profession of high ethical standards”.
All is forgiven Bill.
HMRC has outlined a change in VAT policy to the treatment of dwellings that have been formed from either the construction of new buildings, or from the conversion of non-residential buildings
Let us hope that valuable asset protection vehicles are not made prohibitively burdensome or abolished in the desire to “simplify” IHT
The government is pressing ahead with changes to the way it taxes individuals with a foreign domicile
I will feel slightly awkward when I write to the client who is about to receive a large invoice from the PAYE expert, offering him the fee protection going forward