Do you remember the Domicle debate?

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Do you remember the domicile debate and how almost all accountants argued that we had to keep our favourable tax treatment so that all those bankers, private equity operators and hedge fund managers would stay in the UK to create wealth for us?

Don't you just wish that we had abolished the rule? Don't you just wish that those bankers and their friends had all fled, taking their accountants with them?

Think how much better off we would be today if we had won that debate.

One can only hang one's head in sorrow at the cost The accountancy profession has imposed upon our country.