Ethics in Tax

by Ian Hayes

This course looks in depth at what ethics are, and explains how you can use them and make them work for you. Using examples and cases drawn from real life, you will be presented with ethical dilemmas and equipped with tools to formulate your own responses and deal with them.

This course is not currently available

This course will enable you to

  • Recognise the difference between legal positions and ethical dilemmas
  • Understand the fundamental principles you should follow when dealing with ethics in tax
  • Realise the responsibilities different individuals and different companies have when dealing with ethics in tax
  • Understand the ICAEW's guidance to resolving ethical conflicts of interest
  • Understand the risks posed to organisations by ethical dilemmas in tax

About the course

From Jimmy Carr to Starbucks, the bad publicity resulting from overly aggressive but legal tax planning has left both tax advisors and their clients nervous. How does a company decide what line to tread between safeguarding their shareholders' interests and their responsibilities to society? How do you balance what's ethical and what's in the best interest of your businesses and clients?

This course looks in depth at what ethics are, and explains how you can use them and make them work for you. By a careful use of examples and cases drawn from real professional life, you will be presented with ethical dilemmas and equipped with tools to formulate your own responses and deal with them.

Look inside

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Contents

  • Law, citizenship and public morality
    • Why do we have to pay tax?
    • Why are some ethical issues backed by law and others not?
    • Why do people choose to avoid or evade tax?
    • What are taxpayers' rights and responsibilities?
    • What sort of assistance do tax administrations deserve?
    • Where does equality have a place in a tax system?
  • Tax and professional ethics
    • What is the difference between an adviser and an intermediary?
    • What are the fundamental principles of the Professional Conduct in Relation to Taxation (PCRT)?
    • What is the importance of integrity?
    • How can I remain objective?
    • How should I define professional competence and due care?
    • How can I maintain appropriate levels of confidentiality?
    • What is the importance of professional behaviour?
    • Why is it important to establish boundaries with clients?
    • How should a tax adviser deal with issues with which they disagree?
  • Tax and the director
    • What is the structure of a company?
    • What are the responsibilities of the board of directors, executives and staff?
    • To what extent do legal and contractual constraints represent ethical responsibilities?
    • Whose job is it to manage taxes?
    • What ethical considerations are required from companies?
    • What ethical considerations are required from public companies and non-public companies?
    • What should the board of a global corporation consider?
    • What should the board of an owner managed business consider?
    • What is whistleblowing?
    • How do you decide whether to "blow the whistle"?
  • Conflicts of interest
    • Who are the lawmakers?
    • What is the ICAEW's guidance?
    • Data gathering
    • Evaluation of data
    • Risk quantification and limitation
    • Constructive self-review
    • Stress test
    • Records for the future
  • Questions, questions
    • How may a firm expose partners and staff to risks?
    • What actions could firms take to reduce risks and ethical dilemmas in tax?
    • How could risks threaten the fundamental professional principles?

Author

Ian Hayes

A tax practitioner of over 40 years advising on all taxes, capital, direct and indirect at national and international levels.

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This course is not currently available. To find out more, please get in touch.