When David Cameron described comedian Jimmy Carr's use of the K2 artificial tax scheme as "morally wrong", little did he know that he was kicking off a debate that's now going direct to the heart of the accountancy professionuch of this has centred on comments made by the Chief Executive of the Institute of Chartered Accountants in England and Wales, Michael Izza, both on his blog and in an interview with the Financial Timeshe core issue revolves around the traditional notion that tax avoidance is legal while tax evasion most certainly is notr Izza feels that this no longer washes with the general public who are increasingly focusing on the morality rather than the legality of tax avoidance devicese wants his colleagues in the accountancy profession , particularly those who aggressively promote extreme tax-avoidance schemes like K2, to start looking at themselves in the mirror and asking themselves whether individual measures pass what he calls the "smell t ... [Read More - Dubturbo Serial]
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