• Register
Return to: Home > News > UK Shadow Chancellor of the Exchequer praises the need for a just tax system at TA & IAB awards dinner

UK Shadow Chancellor of the Exchequer praises the need for a just tax system at TA & IAB awards dinner

The UK Shadow Chancellor of the Exchequer John McDonnell attended The Accountant & International Accounting Bulletin 2017 award dinner where he presented the Abraham Briloff award for extraordinary contribution in promoting transparency and public accountability to accounting professor Prem Sikka.

In presenting Sikka with editor’s award from The Accountant and International Accounting Bulletin, McDonnell said: “It’s an honour to be asked to present this for someone who I think will be long known for the work that he’s done and laying the foundation of a fair, just, open and transparent tax system.”

McDonnell praised Sikka for his role in setting up the Tax Justice Network in 2003 at a time when people where not necessarily interested in tax avoidance and evasion and he also praised him for his contribution as an advisor to the House of Commons select committees, various individual MPs, the Labour party as well as other parties.

“Many of the policies that we are advocating at the moment are based on the work that Prem has done over the years,” McDonnell said. “The importance of opening up the books, the importance of having a register of beneficial interest, the importance of having an effective HMRC, and he and his team have just undertaken a review of the HMRC and the resources that they need to ensure that there is an effective tax operation within this country. And much of the legislation that you will see us promoting in parliament, often on all sides of the house, will be as a result of the work that he’s done in the advice that he’s given us; how we can establish that fairness and transparency within the tax system.”

Top Content

    MSI joins AGN and DFK in Global Connect

    A year after AGN International and DFK International launched Global Connect, multi-disciplinary association MSI has joined the group.

    read more

    Views from the Eurozone

    With Brexit looming, populist governments gaining footholds in a number of countries and movements such as the Yellow Jacket protests in France, 2018 was anything but a quite year for the eurozone. Here leaders report to the IAB on their markets.

    read more

    Eastern promise and how to find it

    With China rising as a global power, Jonathan Minter spoke with ShineWing’s Zhang Ke and Marco Carlei at the World Congress of Accountants 2018 in Sydney, to discuss the cultural challenges that occur when Chinese networks look beyond their border, and the dividends available for those who overcome them.

    read more

    The UK: uncertain waves rule Britannia

    The UK’s accountancy profession is currently in a period of much uncertainty. The Competition and Markets Authority (CMA) has released its review into the listed audit market which could cause the biggest shake-up the profession has seen in years, the Kingman Review has described the Financial Reporting Council (FRC) as not being fit for purpose and called for it to be replaced. All the while the country remains in a deadlock on Brexit negotiations.

    read more
Privacy Policy

We have updated our privacy policy. In the latest update it explains what cookies are and how we use them on our site. To learn more about cookies and their benefits, please view our privacy policy. Please be aware that parts of this site will not function correctly if you disable cookies. By continuing to use this site, you consent to our use of cookies in accordance with our privacy policy unless you have disabled them.