ITR Global Tax 50 2022: Prem Sikka
Lord of Kingswood, UK
Baron Prem Sikka is one of the most prominent voices for accounting reform in the UK. He continues to advocate for tax and accounting reform from the House of Lords and in his writing and media appearances.
Sikka is an outspoken critic of his own profession and regularly appears in the media calling for tougher regulation of the accounting and audit sectors. He has spent more than 30 years campaigning to reform the UK tax system, corporate governance, accounting standards and the audit market, just to name a few areas of his expertise.
However, the peerage was a big surprise to him because he has long opposed the House of Lords. Nevertheless, Sikka joined the House of Lords in October 2020, concluding the peerage would give him a bigger platform and more influence on the issues he cares about most.
As a campaigner, Sikka has taken on many causes over the years, but a consistent focus has been the accounting industry and the audit sector. He once described his research into this area as “the dark side of capitalism”.
Once close to the Labour leadership office under Jeremy Corbyn, Sikka still votes against the UK government but has little hope in Labour leader Keir Starmer. Nevertheless, Sikka continues to advocate for radical change.