According to reports, Daniel Goelzer believes the Sarbanes-Oxley Act in the US could clamp down on tax advice given by accountancy firms to their audit clients as well as other money-spinning consultancy areas.
‘Many non-audit tax services’ now may well be prohibited, including tax services relating to appraisals, valuations, actuarial services, tax controversy representation, legal services and expert witness services,- Goelzer will say in an article written for The Tax Executive, according to the Financial Times.
The views of Goelzer, who became one of five people appointed to the new public oversight board set up in the wake of accounting scandals in the US, will raise further concerns over the implementation of the Sarbanes-Oxley Act, which gives wide interpretation powers to the oversight board and the US Securities & Exchange Commission.
Does Darwin's theory apply to taxation? Colin ponders...
The UK tax gap fell in 2014-15 to its lowest-ever level of 6.5%, revealed official statistics published today
Changes to the tax system is urged to support the growth of entrepreneurs, found a report from the Grant Thornton UK, the Institute of Directors, and the Prelude Group
The EC has been instructed to draft a European Union (EU) directive authorising an EU financial transaction tax, which would apply to ten of the EU’s 28 member states