<br />
INTELLIGENCE AND INSIGHT<br />
DECEMBER 2016 | ICAEW.COM/ECONOMIA ISSUE 55 | ACCOUNTANCY | FINANCE | BUSINESS<br />
10 years at the top<br />
Michael Izza picks<br />
out his highlights<br />
and challenges from<br />
the last decade<br />
Enterprise economy<br />
Using imagination<br />
and innovation<br />
to scale up<br />
Green for go<br />
Constantinos Christofides<br />
talks about rebranding Cyprus<br />
and making it fit for the future<br />
Tax talks<br />
We speak to<br />
10 experts about<br />
transforming tax<br />
The gig economy<br />
How Uber and<br />
Airbnb are disrupting<br />
corporate structures<br />
<br />
HMRC's desire for the<br />
UK to have the most<br />
advanced tax system<br />
in the world is good.<br />
But unless there are<br />
major changes to its<br />
proposed approach,<br />
businesses will suffer.<br />
The ambition to create a faster, fairer<br />
and more ef<a title="Economia DECEMBER 16 page 1" href="http://viewer.zmags.com/publication/a1abfa78?page=1"> INTELLIGENCE AND INSIGHT DECEMBER 2016 </a>
<a title="Economia DECEMBER 16 page 2" href="http://viewer.zmags.com/publication/a1abfa78?page=2"> </a>
<a title="Economia DECEMBER 16 page 3" href="http://viewer.zmags.com/publication/a1abfa78?page=3"> HMRC's desire for the UK to have the most advance</a>
<a title="Economia DECEMBER 16 page 4" href="http://viewer.zmags.com/publication/a1abfa78?page=4"> ICAEW in this issue “It is in our power to change</a>
<a title="Economia DECEMBER 16 page 5" href="http://viewer.zmags.com/publication/a1abfa78?page=5"> COVER: ELENA PARASKEVA There is more technical i</a>
<a title="Economia DECEMBER 16 page 6" href="http://viewer.zmags.com/publication/a1abfa78?page=6"> EDITORIAL ADVISORY BOARD Arthur Bailey FCA (chai</a>
<a title="Economia DECEMBER 16 page 7" href="http://viewer.zmags.com/publication/a1abfa78?page=7"> My everything in one place pension If yo</a>
<a title="Economia DECEMBER 16 page 8" href="http://viewer.zmags.com/publication/a1abfa78?page=8"> In review THE INTERNATIONAL PICTURE 02.33AM The t</a>
<a title="Economia DECEMBER 16 page 9" href="http://viewer.zmags.com/publication/a1abfa78?page=9"> THE AUDIT ASIA AND THE PACIFIC LEAD INTERNAT</a>
<a title="Economia DECEMBER 16 page 10" href="http://viewer.zmags.com/publication/a1abfa78?page=10"> One integration. Every way to pay. Code fo</a>
<a title="Economia DECEMBER 16 page 11" href="http://viewer.zmags.com/publication/a1abfa78?page=11"> THE AUDIT PHOTOGRAPHY Thanks to a c</a>
<a title="Economia DECEMBER 16 page 12" href="http://viewer.zmags.com/publication/a1abfa78?page=12"> As I see it Josie Gowler is chief finance officer</a>
<a title="Economia DECEMBER 16 page 13" href="http://viewer.zmags.com/publication/a1abfa78?page=13"> MARKET LEADERS IN FEE PROTECTION INSURANCE, TAX C</a>
<a title="Economia DECEMBER 16 page 14" href="http://viewer.zmags.com/publication/a1abfa78?page=14"> AUDIT Data: Cities By 2030, two thirds of the wo</a>
<a title="Economia DECEMBER 16 page 15" href="http://viewer.zmags.com/publication/a1abfa78?page=15"> NAVIGATE IFRS & UK GAAP WITH CONFIDENCE PwC's Man</a>
<a title="Economia DECEMBER 16 page 16" href="http://viewer.zmags.com/publication/a1abfa78?page=16"> I was an articled clerk at a sm</a>
<a title="Economia DECEMBER 16 page 17" href="http://viewer.zmags.com/publication/a1abfa78?page=17"> THE AUDIT </a>
<a title="Economia DECEMBER 16 page 18" href="http://viewer.zmags.com/publication/a1abfa78?page=18"> THE AUDIT SPONSORED CONTENT So much more than</a>
<a title="Economia DECEMBER 16 page 19" href="http://viewer.zmags.com/publication/a1abfa78?page=19"> Next issue January 2017 Risk and rew</a>
<a title="Economia DECEMBER 16 page 20" href="http://viewer.zmags.com/publication/a1abfa78?page=20"> THE AUDIT ICAEW WINS INJUNCTION IN PASSING OFF C</a>
<a title="Economia DECEMBER 16 page 21" href="http://viewer.zmags.com/publication/a1abfa78?page=21"> SPONSORED FEATURE Personal wealth management</a>
<a title="Economia DECEMBER 16 page 22" href="http://viewer.zmags.com/publication/a1abfa78?page=22"> THE AUDIT From the top O n my t</a>
<a title="Economia DECEMBER 16 page 23" href="http://viewer.zmags.com/publication/a1abfa78?page=23"> news and views. economia online has all the news </a>
<a title="Economia DECEMBER 16 page 24" href="http://viewer.zmags.com/publication/a1abfa78?page=24"> Michael Izza “The profession has a vital role to</a>
<a title="Economia DECEMBER 16 page 25" href="http://viewer.zmags.com/publication/a1abfa78?page=25"> OPINION twitter.com/economiamag · face</a>
<a title="Economia DECEMBER 16 page 26" href="http://viewer.zmags.com/publication/a1abfa78?page=26"> OPINION Sebastien Canderle “To say that in </a>
<a title="Economia DECEMBER 16 page 27" href="http://viewer.zmags.com/publication/a1abfa78?page=27"> Switching your business current account has never</a>
<a title="Economia DECEMBER 16 page 28" href="http://viewer.zmags.com/publication/a1abfa78?page=28"> Andrew Dunsire “Employed adults can undertake ap</a>
<a title="Economia DECEMBER 16 page 29" href="http://viewer.zmags.com/publication/a1abfa78?page=29"> OPINION Alexander Friedman “The rich got ri</a>
<a title="Economia DECEMBER 16 page 30" href="http://viewer.zmags.com/publication/a1abfa78?page=30"> Introducing ‘Practice in a Box’ 3U\GLV$FFRXQWVKD</a>
<a title="Economia DECEMBER 16 page 31" href="http://viewer.zmags.com/publication/a1abfa78?page=31"> OPINION Richard Baldwin “Throughout the dev</a>
<a title="Economia DECEMBER 16 page 32" href="http://viewer.zmags.com/publication/a1abfa78?page=32"> What really matters As rector of the U</a>
<a title="Economia DECEMBER 16 page 33" href="http://viewer.zmags.com/publication/a1abfa78?page=33"> FEATURE </a>
<a title="Economia DECEMBER 16 page 34" href="http://viewer.zmags.com/publication/a1abfa78?page=34"> “We must plan for tomorrow. T</a>
<a title="Economia DECEMBER 16 page 35" href="http://viewer.zmags.com/publication/a1abfa78?page=35"> cover the University's needs. “I was thinking abo</a>
<a title="Economia DECEMBER 16 page 36" href="http://viewer.zmags.com/publication/a1abfa78?page=36"> Iran: Open for business Iran has been gradually</a>
<a title="Economia DECEMBER 16 page 37" href="http://viewer.zmags.com/publication/a1abfa78?page=37"> S ince most international sanctions o</a>
<a title="Economia DECEMBER 16 page 38" href="http://viewer.zmags.com/publication/a1abfa78?page=38"> numerous areas during the sanctions era and the g</a>
<a title="Economia DECEMBER 16 page 39" href="http://viewer.zmags.com/publication/a1abfa78?page=39"> INTERNATIONAL: IRAN “The result of the</a>
<a title="Economia DECEMBER 16 page 40" href="http://viewer.zmags.com/publication/a1abfa78?page=40"> MICHAEL IZZA: MY 10 YEARS What's it like to lead </a>
<a title="Economia DECEMBER 16 page 41" href="http://viewer.zmags.com/publication/a1abfa78?page=41"> HMRC service standards you have to be willing to </a>
<a title="Economia DECEMBER 16 page 42" href="http://viewer.zmags.com/publication/a1abfa78?page=42"> 2016 </a>
<a title="Economia DECEMBER 16 page 43" href="http://viewer.zmags.com/publication/a1abfa78?page=43"> We know entrepreneurship plays a vital role in dr</a>
<a title="Economia DECEMBER 16 page 44" href="http://viewer.zmags.com/publication/a1abfa78?page=44"> “Sometimes in a 6,000 sq ft warehouse in </a>
<a title="Economia DECEMBER 16 page 45" href="http://viewer.zmags.com/publication/a1abfa78?page=45"> ENTREPRENEURSHIP 2016 GLOBAL ENTREPR</a>
<a title="Economia DECEMBER 16 page 46" href="http://viewer.zmags.com/publication/a1abfa78?page=46"> THE GREAT TAX DEBATE From front page news on corp</a>
<a title="Economia DECEMBER 16 page 47" href="http://viewer.zmags.com/publication/a1abfa78?page=47"> “There's agreement that we should tax profits onc</a>
<a title="Economia DECEMBER 16 page 48" href="http://viewer.zmags.com/publication/a1abfa78?page=48"> TAXATION ED SHORROCK, DIRECTOR OF REGUL</a>
<a title="Economia DECEMBER 16 page 49" href="http://viewer.zmags.com/publication/a1abfa78?page=49"> A piece of cake! </a>
<a title="Economia DECEMBER 16 page 50" href="http://viewer.zmags.com/publication/a1abfa78?page=50"> GAVIN EKINS, RESEARCH ECONOMIST, THE TAX FOUNDATI</a>
<a title="Economia DECEMBER 16 page 51" href="http://viewer.zmags.com/publication/a1abfa78?page=51"> IAN YOUNG, TECHNICAL MANAGER, ICAEW TAX FACULTY </a>
<a title="Economia DECEMBER 16 page 52" href="http://viewer.zmags.com/publication/a1abfa78?page=52"> www.sageone.com or call us on 0800 092 8091</a>
<a title="Economia DECEMBER 16 page 53" href="http://viewer.zmags.com/publication/a1abfa78?page=53"> “Who would have predicted that a reluctant Irish </a>
<a title="Economia DECEMBER 16 page 54" href="http://viewer.zmags.com/publication/a1abfa78?page=54"> Get Ahead Whether you're actively looking for a n</a>
<a title="Economia DECEMBER 16 page 55" href="http://viewer.zmags.com/publication/a1abfa78?page=55"> A DAY IN THE LIFE Saturday Sunday </a>
<a title="Economia DECEMBER 16 page 56" href="http://viewer.zmags.com/publication/a1abfa78?page=56"> “The donkeys feature in my day, every day. I've g</a>
<a title="Economia DECEMBER 16 page 57" href="http://viewer.zmags.com/publication/a1abfa78?page=57"> Mudd likes to get in early and have some time to </a>
<a title="Economia DECEMBER 16 page 58" href="http://viewer.zmags.com/publication/a1abfa78?page=58"> A DAY IN THE LIFE </a>
<a title="Economia DECEMBER 16 page 59" href="http://viewer.zmags.com/publication/a1abfa78?page=59"> SPONSORED FEATURE Ask the expert Chaman Salhan, </a>
<a title="Economia DECEMBER 16 page 60" href="http://viewer.zmags.com/publication/a1abfa78?page=60"> A UNITED NATION? 46 DONALD V MOOREHEAD asks wh</a>
<a title="Economia DECEMBER 16 page 61" href="http://viewer.zmags.com/publication/a1abfa78?page=61"> THE ECONOMIA ESSAY reforms that is rea</a>
<a title="Economia DECEMBER 16 page 62" href="http://viewer.zmags.com/publication/a1abfa78?page=62"> COMMENCING COUNTDOWN, ENGINES ON The UK's space </a>
<a title="Economia DECEMBER 16 page 63" href="http://viewer.zmags.com/publication/a1abfa78?page=63"> SECTOR PROFILE: SPACE KIRILL KUDRYAVTSEV/AFP/GET</a>
<a title="Economia DECEMBER 16 page 64" href="http://viewer.zmags.com/publication/a1abfa78?page=64"> says Robert Elliott, head of the global sensing a</a>
<a title="Economia DECEMBER 16 page 65" href="http://viewer.zmags.com/publication/a1abfa78?page=65"> Yet the sector is not without challenges. Hea</a>
<a title="Economia DECEMBER 16 page 66" href="http://viewer.zmags.com/publication/a1abfa78?page=66"> SECTOR PROFILE of</a>
<a title="Economia DECEMBER 16 page 67" href="http://viewer.zmags.com/publication/a1abfa78?page=67"> MEMBER REWARDS PARTNER </a>
<a title="Economia DECEMBER 16 page 68" href="http://viewer.zmags.com/publication/a1abfa78?page=68"> CAREER IN A NUTSHELL Present Chairman, Kreston Re</a>
<a title="Economia DECEMBER 16 page 69" href="http://viewer.zmags.com/publication/a1abfa78?page=69"> MEMBER PROFILE if ever they wanted to</a>
<a title="Economia DECEMBER 16 page 70" href="http://viewer.zmags.com/publication/a1abfa78?page=70"> Technical Key developments Our at-a-glance guide</a>
<a title="Economia DECEMBER 16 page 71" href="http://viewer.zmags.com/publication/a1abfa78?page=71"> TECHNICAL UPDATES BANKS REQ</a>
<a title="Economia DECEMBER 16 page 72" href="http://viewer.zmags.com/publication/a1abfa78?page=72"> UK process for responding to new or amended IFRS </a>
<a title="Economia DECEMBER 16 page 73" href="http://viewer.zmags.com/publication/a1abfa78?page=73"> TECHNICAL UPDATES more diffi</a>
<a title="Economia DECEMBER 16 page 74" href="http://viewer.zmags.com/publication/a1abfa78?page=74"> Building blocks of business Now the sharing ec</a>
<a title="Economia DECEMBER 16 page 75" href="http://viewer.zmags.com/publication/a1abfa78?page=75"> TECHNICAL CORPORATE STRUCTURES ILLUSTRATION: MAR</a>
<a title="Economia DECEMBER 16 page 76" href="http://viewer.zmags.com/publication/a1abfa78?page=76"> ICAEW steps up to the plate on tax avoidance An </a>
<a title="Economia DECEMBER 16 page 77" href="http://viewer.zmags.com/publication/a1abfa78?page=77"> TECHNICAL PCRT ILLUSTRATION: MARIA CORTE Facult</a>
<a title="Economia DECEMBER 16 page 78" href="http://viewer.zmags.com/publication/a1abfa78?page=78"> A guiding hand There's plenty of help from ICA</a>
<a title="Economia DECEMBER 16 page 79" href="http://viewer.zmags.com/publication/a1abfa78?page=79"> TECHNICAL 2016 Q4 ROUNDUP gu</a>
<a title="Economia DECEMBER 16 page 80" href="http://viewer.zmags.com/publication/a1abfa78?page=80"> Thorne Widgery: Making progress Xenia Taliotis p</a>
<a title="Economia DECEMBER 16 page 81" href="http://viewer.zmags.com/publication/a1abfa78?page=81"> TECHNICAL PRACTICE PROFILE </a>
<a title="Economia DECEMBER 16 page 82" href="http://viewer.zmags.com/publication/a1abfa78?page=82"> Disciplinary listings These reports are summarie</a>
<a title="Economia DECEMBER 16 page 83" href="http://viewer.zmags.com/publication/a1abfa78?page=83"> TECHNICAL DISCIPLINARIES Order Seve</a>
<a title="Economia DECEMBER 16 page 84" href="http://viewer.zmags.com/publication/a1abfa78?page=84"> BY APPOINTMENT </a>
<a title="Economia DECEMBER 16 page 85" href="http://viewer.zmags.com/publication/a1abfa78?page=85"> Life reviews/food/people </a>
<a title="Economia DECEMBER 16 page 86" href="http://viewer.zmags.com/publication/a1abfa78?page=86"> Life Cold cuts From the clean lines of interio</a>
<a title="Economia DECEMBER 16 page 87" href="http://viewer.zmags.com/publication/a1abfa78?page=87"> Left: Jonna Lee, creator of music and audiovisual</a>
<a title="Economia DECEMBER 16 page 88" href="http://viewer.zmags.com/publication/a1abfa78?page=88"> Life Interiors STORES HAY: Launched in 2002 H</a>
<a title="Economia DECEMBER 16 page 89" href="http://viewer.zmags.com/publication/a1abfa78?page=89"> Right: Stacked Muuto shelves. Below: A Million li</a>
<a title="Economia DECEMBER 16 page 90" href="http://viewer.zmags.com/publication/a1abfa78?page=90"> Life Fashion ACNE STUDIOS: L</a>
<a title="Economia DECEMBER 16 page 91" href="http://viewer.zmags.com/publication/a1abfa78?page=91"> Right: Sophie Bille Brahe ring. Below: Fjällräven</a>
<a title="Economia DECEMBER 16 page 92" href="http://viewer.zmags.com/publication/a1abfa78?page=92"> Life in review LEISURE </a>
<a title="Economia DECEMBER 16 page 93" href="http://viewer.zmags.com/publication/a1abfa78?page=93"> Monica Vinader Linear Stone Ring In blue lace aga</a>
<a title="Economia DECEMBER 16 page 94" href="http://viewer.zmags.com/publication/a1abfa78?page=94"> Life Dish of the Day </a>
<a title="Economia DECEMBER 16 page 95" href="http://viewer.zmags.com/publication/a1abfa78?page=95"> 2012 Promoted to Partner 2005 Promoted to </a>
<a title="Economia DECEMBER 16 page 96" href="http://viewer.zmags.com/publication/a1abfa78?page=96"> DIRECTORY TRAINING COURSES </a>
<a title="Economia DECEMBER 16 page 97" href="http://viewer.zmags.com/publication/a1abfa78?page=97"> MIRAJ VYAS miraj.vyas@progressivecontent.com +44 </a>
<a title="Economia DECEMBER 16 page 98" href="http://viewer.zmags.com/publication/a1abfa78?page=98"> Life after work </a>
<a title="Economia DECEMBER 16 page 99" href="http://viewer.zmags.com/publication/a1abfa78?page=99"> </a>
<a title="Economia DECEMBER 16 page 100" href="http://viewer.zmags.com/publication/a1abfa78?page=100"> </a>