Early in the session, chief executive Michael Izza was at pains to stress support for the coalition's anti-tax-avoidance principles. He pointed to "some areas of tax planning that are no longer regarded as legitimate", saying the situation has changed appreciably over the past five years.
Attendees raised concerns over constitutional changes that will reduce the number of council members, demanding to know whether they make a mockery of the upcoming elections that will see half of the council subject to a vote.
The changes come in response to dwindling numbers in regional chapters, and are intended to better reflect the make-up of Britain's oldest accountancy institute. In the same vein, the questions were raised over how the ICAEW's increasingly global membership will be reflected in council composition. President Gerald Russell said a mixed bag of co-opting and constitutional election is currently being used, and promised a paper on the subject within the next six months.
See full Article.
Posts
