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To regulate, or not to regulate…
Key points
- Is regulation of the tax profession or protecting the term ‘tax adviser’ the way forward?
- Deceptive or naive advisers are causing damage to the reputation of the profession.
- Government efforts to protect taxpayers have so far been unsuccessful.
- The mainstream media promotes misleading advertisements and promotional material.
- The Tax Advice Network has been running for more than 15 years with more than 100 members (both qualified and unqualified).
This article brings together three related issues addressed in recent issues of Taxation magazine and suggests a possible solution.
The three issues are:
1. Regulation – the way forward – Allison Plager’s report on the Wyman symposium 10 November 2022.
2. More control of marketing of tax services – Andrew Hubbard 24 November 2022.
3. Passing the buck? – Mala Kapacee 1 December 2022.
Mala’s article also references Allison’s report and proposes that rather...
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