The spat between the government and PricewaterhouseCoopers arose after Peter Wyman, partner in chartge of external communcations at the firm, said changes to double tax rules in the Budget would cost UK multinationals considerably more than the £300m in the Budget – PwC has been attributed with estimates of up to £10bn as the cost of the change.
However, Gordon Brown said on the Breakfast with Frost programme that Treasury officials had proved the firm’s figures wrong in a series of meetings with Wyman.
Other leading firms have also said that the double tax changes could lead to massively increased costs for multinationals, but were less bullish with their calculations.
An Accountancy Age feature this week looks at the world of dot.com investment, and asks, are e-business investors living in wonderland ?
Just one half of UK practices have implemented a pricing structure around auto enrolment implementation and advice - with many suffering increased costs
Deloitte's north-west Europe foray; BDO, Smith & Williamson investment paths; Shelley Stock Hutter; and Wilkins Kennedy discussed by editor Kevin Reed on our Friday Afternoon Live broadcast
Accountants should alter their perspective on auto-enrolment to maximise business opportunities, according to Eric Clapton.
Kevin Reed discusses whether new accountancy group Cogital can rival the Big Four...and its likely direction of travel