Difference between revisions of "Deloitte"

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==Controversies and conflicts of interest==
 
==Controversies and conflicts of interest==
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According to Andrew Simms of the New Economics Foundation, "Conflicts of interest are built into the very DNA of the big professional services firms. These companies are working with firms that need to be regulated and the government bodies that are regulating".
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===Secondments to the Treasury===
 
===Secondments to the Treasury===
 
In 2013 a report by the influential UK Commons public accounts committee found that the Big Four were using knowledge gained from staff seconded to the Treasury "to help wealthy clients avoid paying UK taxes".  The firms, it said, went on to "advise multinationals and individuals on how to exploit loopholes around legislation they had helped to write".  
 
In 2013 a report by the influential UK Commons public accounts committee found that the Big Four were using knowledge gained from staff seconded to the Treasury "to help wealthy clients avoid paying UK taxes".  The firms, it said, went on to "advise multinationals and individuals on how to exploit loopholes around legislation they had helped to write".  
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<ref>Rajeev Syal, Simon Bowers and Patrick Wintour, [Accountancy firms 'use knowledge of
 
<ref>Rajeev Syal, Simon Bowers and Patrick Wintour, [Accountancy firms 'use knowledge of
 
Treasury to help rich avoid tax' – MPs]  ''The Guardian'', Friday 26 April 2013, acc 12 June 2013 </ref>  
 
Treasury to help rich avoid tax' – MPs]  ''The Guardian'', Friday 26 April 2013, acc 12 June 2013 </ref>  
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==Donations==
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In the three years to July 2012 Deloitte gave £435,034 in staff costs and consultancy services to the [[Conservative Party]] and £13,500 to Labour, according to the Bureau of Investigation. <ref> [http://www.thebureauinvestigates.com/2012/07/10/how-big-four-get-inside-track-by-loaning-staff-to-government/
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How ‘big four’ get inside track by loaning staff to government]
  
 
==People==
 
==People==

Revision as of 05:14, 14 June 2013

Deloitte Touche Tohmatsu International - Deloitte - is an organization of member firms around the world in accounting and financial and risk consultancy. Member firms offer services in audit, tax, consulting and financial advisory. Member firms focus on client service through a global strategy executed locally in nearly 140 countries.[1] The parent group is Deloitte Touche Tohmatsu.

Just four accounting firms – PricewaterhouseCoopers, KPMG, Deloitte & Touche and Ernst & Young – audit 97% of FTSE 350 companies.[2]

Controversies and conflicts of interest

According to Andrew Simms of the New Economics Foundation, "Conflicts of interest are built into the very DNA of the big professional services firms. These companies are working with firms that need to be regulated and the government bodies that are regulating".

Secondments to the Treasury

In 2013 a report by the influential UK Commons public accounts committee found that the Big Four were using knowledge gained from staff seconded to the Treasury "to help wealthy clients avoid paying UK taxes". The firms, it said, went on to "advise multinationals and individuals on how to exploit loopholes around legislation they had helped to write".

PAC committee chair Margaret Hodge said the accountancy firms' actions represented a "ridiculous conflict of interest". She called for the Treasury to stop accepting their staff to draw up new tax laws. "The large accountancy firms are in a powerful position in the tax world and have an unhealthily cosy relationship with government," she said. [3]

Donations

In the three years to July 2012 Deloitte gave £435,034 in staff costs and consultancy services to the Conservative Party and £13,500 to Labour, according to the Bureau of Investigation. Cite error: Closing </ref> missing for <ref> tag

Tax avoidance

The Big Four accountancy firms were behind almost half of all known [tax] avoidance schemes, the Revenue (HMRC) said in 2006.[4]

Affiliations

Policy planning, think tanks, trade associations

Lobbyists

Contacts

London offices:

2 New Street Square
London EC4A 3BZ

Athene Place, 66 Shoe Lane
London EC4A 3BQ

Hill House, 1 Little New Street
London EC4A 3TR

Stonecutter Court, 1 Stonecutter Street
London EC4A 4TR

website: http://www.deloitte.com

References

  1. Deliotte Touche About Deliotte Touche accessed 31.01.07
  2. Prem Sikka, Called to account, Guardian, 14 December 2008
  3. Rajeev Syal, Simon Bowers and Patrick Wintour, [Accountancy firms 'use knowledge of Treasury to help rich avoid tax' – MPs] The Guardian, Friday 26 April 2013, acc 12 June 2013
  4. Gilt-edged profits for profession's 'big four', Guardian, 7 February 2009
  5. American Benefits Council Memberships Accessed 26th February 2008
  6. APPC Register Entry for 1 December 2010 to 28 February 2011