Like a less glamorous awards season, Budget season has arrived – that annual statement that determines who are the winners and losers in 2014 as the latest measures are revealed from government. The United States, Singapore, Hong Kong and the UK have all made Budget statements recently and there are common themes throughout them all; sustaining growth and supporting businesses, signs of recovery with warnings of caution at this early stage, a few sweeteners to take away the pain of the tougher decisions.
2014 has already begun with great change at the AIA as new President Les Bradley begins his tenure, taking over from Andrew Lamb who has served as President for the last four years. Les has been in practice as an accountant since qualifying with the AIA in 1971 and works within a busy practice. He has accumulated a vast amount of experience across accountancy and taxation services and has a varied client portfolio.
Tax remains a headline grabbing issue across the globe and in the forthcoming issue of International Accountant we look at a number of components of tax including havens, avoidance and question whether tax has now become a moral issue.
As I said previously, 2012 was a year of highs and lows from across the accountancy and financial sector and so naturally with the dawning of a New Year, my mind has turned to what 2013 has in store. I have completed the January issue of International Accountant and you should receive it shortly. The issue looks at the changes that are taking place across the globe in the accountancy profession, looking at both regulatory changes the economic impact. AIA Chief Executive, Philip Turnbull, also gives us an insight in to his own resolutions.
As I have just signed off on the last International Accountant of 2012, it is natural to look back on how the year turned out and without much analysis, I know that this year has been a heady assortment of progress, scandal and struggle. So whilst I appreciate that it is a little early for the round up of the year, here are a few of the headlines that sum up 2012 for me.
I am really excited about the forthcoming issue of International Accountant; you still get the highest standards of content sourced from experts in their field, but we have undertaken a redesign that makes the magazine fresh, current and greatly enhances the reader experience allowing the magazine to develop and remain at the cutting edge of communication to the accountancy profession on a global scale.
There has been a lot of talk about Government proposals to merge National Insurance and income tax, the pros, the cons, the winners, the losers, the motives and the impact. I would really like to know what readers think of the proposals so please take a moment to complete the following survey and let us know which side of the fence you sit on:
The results will be published in the next issue of the magazine.
Somehow the suggestion that George Osborne is “shocked” at the tax avoidance measures used by the very wealthiest, doesn’t quite ring true.
It would seem the world of banking finally has a conscience in the form of Executive Director Greg Smith who resigned from Goldman Sachs in an open letter to the New York Times after 12 years at the bank.
Mr Smith. who was head of Goldman’s equity derivatives business in Europe, described the working environment at Goldman Sachs as not conducive to modeling employeed interested in integrity rather than their bonus.