ICAEW president Graham Ward has predicted increasing globalisation will force tax harmonisation up the political agenda, but will bring problems for businesses and individuals.
Speaking at the World Economic Forum in Davos, Switzerland, at the weekend, Ward said the process would mean root and branch reform to national tax regimes which could take up to 20 years, leading to problems caused by uncertainty.
Ward and other accountants were out in force at last weekend’s meeting of senior global business leaders.
Rubbing shoulders with the likes of Microsoft’s Bill Gates, pictured above with Sony’s CEO Nobuyuki Idei (right) and Vivendi’s Jean-Marie Messier, senior figures from Big Five firms took the opportunity to launch initiatives and lunch dignitaries.
As protesters took to the streets in nearby Zurich having been barred from Davos, Deloitte Touche Tohmatsu chief executive Jim Copeland spoke of the ‘frightening development’ of public protest against business globalisation.
The firm also took the opportunity to unveil its research on new management concepts.
KPMG’s international chairman Steve Butler led a five-strong delegation.
Senior partners from Arthur Andersen, Ernst & Young and PricewaterhouseCoopers also attended.
For details on Deloitte’s relationship portfolio research see www.deloitte.com.
Andrew Tyrie airs views on the Finance Bill, 'Making Tax Policy Better' report, and Brexit
In our latest managing partner Q&A looking towards 2017, CVR Global's Richard Toone talks about recruitment, and the potential threat of competition from the legal sector, as key issues for the firm in the coming year
Deloitte to avoid tendering for government contracts over the next six months, to appease Theresa May following consultant's report that painted a less-than-flattering picture of Brexit plans
In our first Q&A looking towards 2017, Menzies senior partner Julie Adams flags up increasing digitisation, aligned with more hands-on consultative services, as the key mix for her practice