A new report launched today reveals how the Big Four global accountancy firms – Deloitte, EY, KPMG, and PricewaterhouseCoopers (PWC) – profit from selling tax dodging schemes to multinational corporations while also advising the EU on policies to stop tax avoidance. The report by Corporate Europe Observatory also points to a ‘revolving door’ between The Big Four and EU public officials working on tax-related policy.
Commenting on the report and its findings, Molly, who sits on the European Parliament’s special committee on tax evasion and avoidance, said:
“Accountants play a fundamental role in our society although one that is often invisible to citizens. Through my work on tax I’ve seen how accountants often serve the rich and powerful and they are a vital part of the reprehensible tax avoidance industry.
“This report shows the dominant position held by the Big Four who operate as a dominant cartel within the profession and a powerful lobby globally and at EU level. Too often the Commission have invited these foxes in to guard the henhouse. We need to break up the monopoly stranglehold of these accountancy giants and put an end to the revolving door between them and the Commission.”