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ITDF Elects New President From South Africa

02 January 2011   (0 Comments)
Posted by: Author: TaxTalk
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ITDF Elects New President From South Africa

The International Tax Directors’ Forum (ITDF)last month elected its first president from the African continent. Stiaan Klue, chief executive from the SA Institute of Tax Practitioners (SAIT),was unanimously elected by the group of chief executives to lead the forum into 2012.

The ITDF is the international forum of chief executives of English-speaking tax professional bodies. The forum is the tax profession’s equivalent to the International Federation of Accountants (IFAC) and comparable to the Forum of Tax Administrations (FTA), which former SARS commissioner Pravin Gordhan chaired and hosted in Cape Town in 2008.

Her Majesty Revenue and Customs (HMRC)tax commissioner Dave Hartnett, the keynote speaker at the ITDF held in London, stressed the concern of a lack of regulation. "There are 34 000 tax firms in the UK, with 12 000 one-man-band firms who do not have any tax qualification.” The HMRC will soon release a discussion paper to initiate debate on the best suitable model to regulate the UK tax profession.

Klue stated that the theme for his presidency is the regulation of tax practitioners. "No country can afford an unregulated tax profession.”He said it is in the interests of the practitioners,the public and the country as a whole to ensure only appropriately experienced and qualified tax practitioners are allowed to appear before a tax administration.

"The need for regulation is exasperated by the fact that many tax practitioners are delinquent in their personal tax affairs. For example, 5 000 South African tax practitioners, owe the fiscus approximately R100 million in tax.” He further stated that the role of providing stability, redistribution and predictability cannot be understated, especially in a developing country like South Africa.

Included in his duty as president, Klue will chair the 2012 ITDF meeting in Cape Town, which shall be hosted by the SA Institute of Tax Practitioners(SAIT). This historic event will mark the first ever visit from the full delegation of chief executives to Africa.

ITDF participating professional bodies include:UK Chartered Institute of Taxation; Irish Taxation Institute; Australian Taxation Institute; Canadian Tax Foundation; Chartered Institute of Taxation Nigeria; Chartered Institute of Taxation Ghana;Malaysian Tax Institute; The Dutch Association of Tax Advisers; US Tax Executives Institute;Czech Chamber of Tax Advisers; German Dutch Advisers.

Source: By TaxTalk


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