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.
Former chief executive of HMRC Dame Lin Homer has been appointed to the ICAS council as a public interest member
Following recent issues with HMRC’s personal tax computation software, Brian Palmer of the AAT questions whether the government’s implementation timeframe for Making Tax Digital is realistic
Dame Elish Angiolini appointed as chair of the ICAS Discipline Board, and Lord Wallace of Tankerness appointed to its Regulation Board
The first phase of a process to restrict the amount of tax relief for residential landlords to the basic rate of tax will enter into force on April 6