Tax law loopholes let accountancy firms help the rich dodge taxes

Now here’s a definite no-no for accountants and would-be accountants. Tax avoidance is apparently a major issue in the UK, and accountancy firms themselves aren’t helping the problem. In fact, according to an interview with a UK professor for an article on PressTV:

…large accountancy firms responsible “are the epicenter of a global tax avoidance industry and the loss of tax revenues is directly responsible for the current economic crisis.

This is certainly not acceptable, and stronger measures have to be taken.

Have you ever worked with a client who asked you to help him or her find ways to get out of paying the correct taxes? What did you do and how did you handle such a situation? If you haven’t encountered this yet, what would you do if you were put in this position? Let us know in the comments!

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