Vincent Oratore has succeeded Andrew Hubbard as president of the UK Chartered Institute of Taxation (CIOT) and has made tax reform his priority during his 12 month term.
Oratore has been a tax partner in Ernst & Young UK’s financial services group since September last year. Prior to that, he was an executive director at AIG Financial Products.
Oratore said he chose his presidential theme due to his belief that the way tax law is developed and implemented in the UK is deeply flawed.
“[CIOT’s] aim over the next 12 months will be to provoke debate and provide a forum in which all those with an interest in tax law reform can contribute ideas and build consensus for the changes we need to make the tax system fit for the 21st century,” he said.
Anthony Thomas has succeeded Oratore as the CIOT deputy president and Patrick Stevens has succeeded Anthony Thomas as vice president.