Toby Quantrill of Christian Aid had an article in the New Statesman today that celebrates this weeks step forward on country-by-country reporting. In it he says:
[T]his week’s breakthrough has been many years in the making. It has taken a mixture of dedicated research and campaigning, painstaking legal arguments as well as scandalous revelations and public outrage to make it happen.
The inventor of Monday night’s reform, irrepressible accountant Richard Murphy, first suggested country-by-country reporting (CBCR) back in 2003. The same year, he and John Christensen set up the UK’s Tax Justice Network, which has campaigned for the reform ever since.
He's right - even if that's the first time that I know I have been described as 'irrepressible'. And there's a massive thanks due to the NGOS who have supported this.
What remains utterly bizarre, given their public duty mandate inherent in their charters, is why the accounting institutes have worked so hard to avoid this issue.
It's time they engaged with it, openly and publicly. It's staggering that the biggest issue in accounting is now being around them because they refuse to take part.