Tax advisers will be required to look beyond what is legally possible and consider the “reputational, commercial, and wider economic consequences” of their advice under global ethical rules coming next year.
The new global standards seek to restore trust in a profession battered by investigations such as Lux Leaks, the Panama Papers, the Paradise Papers and the Pandora Papers which revealed advisers helped corporations and individuals around the world use tax havens to avoid paying tax.
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Edmund Tadros leads our coverage of the professional services sector. He is based in our Sydney newsroom. Connect with Edmund on Twitter. Email Edmund at edmundtadros@afr.com.au
