Public trust in tax professionals is high

Tax transparency complexity inequality and corruption are the biggest concerns for the public in G20 countries finds a survey from the Association of Chartered Certified Accountants. Public trust in professionals such as accountants and lawyers remains high by comparison.

Concerns about inequality stem from the perception in English-speaking countries that high-income earners and multinationals are treated better by tax systems than average or low-income earners. Respondents in China Indonesia and India had high levels of trust in tax authorities politicians and accountants reported efficient tax filing and supported tax competition to attract multinational business.

Chas Roy-Chowdhury global head of tax at ACCA said: ‘Once trust is lost it’s hard to regain. Tax is a complex issue and one that touches all our lives – so that trust is important. What’s clear from this research is the need for all significant...