Posts Tagged ‘Accountants’

The dozy watchdogs who make vast profits but are immune from prosecution

by Michael Meacher.

When last year multinationals like Starbucks, Google and Amazon came under fire over tax avoidance, the focus naturally turned to the accountancy firms that enabled them to do it. In particular after it was revealed in September that Tesco had over-stated its first-half profits by £250m, the spotlight fell on PricewaterhouseCooper (PwC), Tesco’s auditor for […]

Big accountancy firms’ corrupt fiddles for the banks must be stopped

by Michael Meacher.

The evidence piles up that the private sector auditors of banks have manifestly failed in their duties. All the major banks received unqualified audit opinions from Deloitte & Touche, PricewaterhouseCoopers, KPMG, and Ernst & Young. Private sector auditors have a history of silence and are immersed in too many conflicts of interest. The evidence is […]

Hypocrisy upon hypocrisy: welcome to global tax avoidance plc

by Michael Meacher.

The latest report from the Public Accounts Committee, published yesterday, really says it all about the tax avoiders. The head of tax for Ernst & Young, one of the UK’s Big Four accountancy firms, admitted that their accountants are seconded to government to draw up tax laws: “I think there are benefits in the work […]

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