Ernst and Young
Ernst & Young is one of the largest professional services firms in the world and one of the Big Four accountancy firms.
Just four accounting firms – PricewaterhouseCoopers, KPMG, Deloitte & Touche and Ernst & Young – audit 97% of FTSE 350 companies in 2008.[1]By 2012 this figure had risen to 99 %. [2] Although their might is being challenged by mid-tier firms such as Grant Thornton.[3]
In February 2013 Ernst & Young was recognised as 'the UK’s strongest accounting and business brand in the influential Superbrands annual league table for 2013'. [4]
Contents
Tax avoidance
The Big Four accountancy firms were behind almost half of all known [tax] avoidance schemes, the Revenue (HMRC) said in 2006.[5]
People
- Chris Sanger is the Global Head of Tax Policy at Ernst & Young, Chairman of the Tax Faculty of the Institute of Chartered Accountants in England and Wales (ICAEW) and a former adviser to HM Treasury. He is also a member of the Exchequer Secretary to the Treasury’s Tax Professionals Forum.[6]
- Vincent Oratore is a partner at Ernst & Young, President of the Chartered Institute of Taxation and also a member of the Treasury’s Tax Professionals Forum.
- Derek Leith, managing partner of E&Y's Aberdeen office and head of tax in Scotland, oil and gas tax specialist
- Liz Bingham, Ernst & Young’s managing partner for people, was recognised in February 2013 as one of the UK’s most powerful women, with an entry in the BBC Radio 4 Woman’s Hour Power List 2013. [7]
- Stephan Kuhn, Ernst & Young’s Europe, Middle East, India and Africa Tax Leader.
- Debbie Nolan is Ernst & Young’s Americas Tax Controversy Leader.
- Klaus von Brocke is Ernst & Young’s EU Direct Tax Leader. [8]
Ernst & Young’s Global Tax Policy and Controversy Practice team
As of February 2013 includes recently-appointed, widely-known leaders of tax policy insight including:
- Dr Jeffrey Owen, Senior Policy Adviser to its Global Vice-Chair of Tax, Dave Holtze appointed in June 2012, was previously Director of the Centre for Tax Policy and Administration (CTPA) at the Organisation for Economic Cooperation and Development (OECD)
- Steve Bill, former Chef de Cabinet of European Union Commissioner László Kovács from 2006 to 2009.
- Michael Mundaca, former Assistant Secretary for Tax Policy at the U.S. Treasury from 2009 to 2011, advising Treasury Secretary Geithner on all matters relating to taxation. Prior to his appointment as Assistant Treasury Secretary, Michael served as the Deputy Assistant Treasury Secretary for International Tax Affairs from 2007-2009, during both the Bush and Obama Administrations.
- Partho Shome is the former Adviser to the Union Finance Minister, India and Chief Economist at Her Majesty’s Revenue & Customs. [9]
Lobbying agencies
Resources
- Ernst & Young press release, Ernst & Young statement: response to Competition Commission’s provisional findings on its UK statutory audit services market investigation, 22 February 2013. The firm stated that it "strongly disagrees that “the audit market is not serving shareholders”.
Contacts
London offices include:
Ernst & Young
Becket House,
1 Lambeth Palace Road
London, SE1 7EU
1 More London Place,
London, SE1 2AF
References
- ↑ Prem Sikka, Called to account, Guardian, 14 December 2008
- ↑ Prem Sikka, Auditors must be held to account, 31 May 2012
- ↑ Prem Sikka, Raw dealing, Guardian, 30 May 2007
- ↑ Ernst & Young is the strongest accounting and business brand in the UK, Ernst & Young press release, 25 February 2013, acc 26 February 2013. See also: http://www.superbrands.uk.com/
- ↑ Gilt-edged profits for profession's 'big four', Guardian, 7 February 2009
- ↑ Tax Journal, accessed April 2011
- ↑ Ernst & Young, Ernst & Young partner enters BBC list of UK’s top 100 most powerful women, press release 13 February 2013
- ↑ Ernst & Young’s European Tax Symposium: highlights – part 1, 14 June 2012
- ↑ Jeffrey Owens appointed as Senior Tax Policy adviser to Ernst & Young, E & Y press release, Jun 8, 2012, acc 26 Feb 2012
- ↑ APPC Register Entry for 1 Mar 2012 to 31 May 2012; APPC Register Entry for 1 September 2012 to 30 November 2012, acc 26 February 2013
