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MPs: Ban 'insider' accountants

A committee of MPs is questioning the relationship between Britain's big four accountancy firms and the Treasury. They say it is "unhealthy" because they can use the information to help clients avoid tax. The Treasury has denied the MPs' report.

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Ridiculous conflict of interest 'fueling tax avoidance'

A group of MPs is questioning the relationship between Britain's big four accountancy firms and the Government in what has become an "unhealthy relationship".

The Public Accounts Committee says accountancy firms can use the information from the Treasury to help their clients avoid paying tax. Some companies employ staff who have temporarily worked in Whitehall.

The committee highlighted the way the firms seconded staff to the Treasury Credit: Press Association

The accusations of insider knowledge come from the Chair of the Public Accounts Committee, Margaret Hodge. She says the practice represents a "ridiculous conflict of interest" which should be banned.

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