ICAEW – all in a spin on private equity

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Accountancy Age has noted that:

Private equity's 'failure to play the PR game' has forced it on the defensive, the vice-chairman of the ICAEW corporate finance faculty, Ian Leaman, said ahead of today's publication of the Walker report.

Why can't the ICAEW, just for once, accept the possibility that spin is not the answer to everything and that the reason why private equity is on the defensive is that it has been given inappropriate and socially unacceptable tax advantages which it has used to abuse the UK economy?

I explain more here but if you prefer the video, that's here.