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Strategies & Market Trends : The coming US dollar crisis -- Ignore unavailable to you. Want to Upgrade?

To: ggersh who wrote (49858)	1/31/2013 8:15:59 PM
From: maceng2	Read Replies (2) \| Respond to of 71475

They are all at it. I say round them all up and chuck em in jail. -g- Top accountancy firms accused of exploiting tax laws they helped to draft Senior employees from companies such as KPMG are seconded to the Treasury to work with civil servants writing complex new tax laws. But when they return to their firms they then help create the tax schemes which take advantage of the same laws to minimise the bills of their clients. The practice emerged during evidence to the powerful House of Common’s Public Accounts Committee today by senior executives from Britain’s ‘big four’ accountancy firms. Margaret Hodge, Chairman of the committee, described the practice as “shocking” telling the executives: “You’re a poacher turned game-keeper, and then you go back and become a poacher again. That is shocking. You’re writing the technical stuff then you use that very stuff you’ve written to go away and advise your clients how to abuse the law, find loopholes in it to avoid tax.” independent.co.uk