{"id":20046,"date":"2013-04-11T08:07:20","date_gmt":"2013-04-11T07:07:20","guid":{"rendered":"http:\/\/www.taxresearch.org.uk\/Blog\/?p=20046"},"modified":"2013-04-11T08:07:20","modified_gmt":"2013-04-11T07:07:20","slug":"kpmg-cannot-be-put-in-charge-of-the-hen-house-let-alone-hmrc-and-financial-regulation","status":"publish","type":"post","link":"https:\/\/www.taxresearch.org.uk\/Blog\/2013\/04\/11\/kpmg-cannot-be-put-in-charge-of-the-hen-house-let-alone-hmrc-and-financial-regulation\/","title":{"rendered":"KPMG cannot be put in charge of the hen house, let alone HMRC and financial regulation"},"content":{"rendered":"

KPMG are one of the Big 4 firms of accountants. As\u00a0such\u00a0they have a lot to answer for. They've been guilty of tax crimes in the US<\/a>. They audited the failed HBOS here<\/a>, and gave it a clean bill of health. They've sold tax abuse<\/a>. This year in the Channel Islands they argued against tax\u00a0transparency<\/a>. The list goes on, and on.<\/p>\n

But now a\u00a0former\u00a0KPMG senior partner heads HMRC<\/a>.<\/p>\n

And another heads the new Financial Conduct Authority<\/a>.<\/p>\n

Both moved to these jobs without periods of contrition for past acts: they went because they were KPMG\u00a0partners.<\/p>\n

The reality is that this is putting the foxes in charge of the chicken coop. Worse, it's the clearest sign of the degradation of\u00a0regulation, taxation and the\u00a0concept\u00a0of civil service in\u00a0this\u00a0country when the entirely reasonable\u00a0suspicion\u00a0must\u00a0exist\u00a0that these bodies are now being run by and for the benefit of those that they are now meant to\u00a0regulate. It is simply not possible to turn from poacher to gamekeeper in the time allowed for these two appointees. And the fact that they want\u00a0because\u00a0of KPMG service proves it.<\/p>\n

We will not restore faith in public service,\u00a0regulation\u00a0or tax in this country with KPMG in charge. It is not possible. They are the problem,. not the solution.<\/p>\n

Both\u00a0appointees\u00a0need to go now.<\/p>\n

But more importantly, radical\u00a0rethinks\u00a0of what\u00a0regulation, civil service and governance means must take place.<\/p>\n","protected":false},"excerpt":{"rendered":"

KPMG are one of the Big 4 firms of accountants. As\u00a0such\u00a0they have a lot to answer for. They’ve been guilty of tax crimes in the
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