MPs name firms able to exploit loopholes in tax laws

The Commons Public Accounts Committee named the following firms for being able to exploit loopholes in tax laws - a practice which is perfectly legal.

  • Deloitte
  • Ernst and Young
  • KPMG
  • PwC

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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.