Tax Transparency - Mazars' response to the debate
Increasingly, tax is becoming a moral issue – and one that is beginning to be taken very seriously by many companies. Consequently, approaches to tax advice are changing. Over the last year, we’ve seen many individuals and business taking a more holistic approach to their tax affairs.
At Mazars, we are addressing the issue of Tax Transparency head on. In this document, we concentrate on two key areas that we believe have not been fully addressed to date. The first is providing guidance to business on whether, and how, they should reconcile and align their tax strategy with their own values and corporate responsibilities. The second is a suggestion to repair the perceived reputation of UK tax advisers. We challenge our own profession, which many will be surprised to know is not totally regulated, to help us develop a Trusted Tax Adviser Charter.
We believe that standardisation is the key to building trust, and that an objectively verifiable set of standards could restore trust in our profession. This discussion document sets out our current thinking and the rationale behind our belief that a Trusted Tax Adviser Charter could bring about positive changes advantageous to the profession, our clients, government, and society.
If you have any queries regarding our TT services to business, would like further information, or would like to register your interest on TT please contact our dedicated client and prospective client inbox: firstname.lastname@example.org
If you would like to join the public debate or have comments about our TT report or our Trusted Adviser Charter, please email our Trusted Adviser inbox: email@example.com
You can also follow Tim Davies, our UK Head of Tax on Twitter @TimDaviesTax
Download our full response to the debate below, or visit our Tax Transparency blog.