Foundation
The Institute of Taxation (the forerunner of the Chartered Institute) was formed in 1930, incorporated as a Company Limited by Guarantee. The Chartered Institute is incorporated by Royal Charter. One of the founder members was Ronald Staples, the founding editor of Taxation Magazine. It was originally proposed to used the letters ATI (Associate of the Taxation Institute) and FTI (Fellow of the Taxation Institute). When it was discovered that these letters had already been allocated to the Textiles Institute, an extra "I" was added to each set of letters, standing for "Incorporated".
Read more about this topic: Chartered Institute Of Taxation
Famous quotes containing the word foundation:
“Laws remain in credit not because they are just, but because they are laws. That is the mystic foundation of their authority; they have no other.”
—Michel de Montaigne (1533–1592)
“The most excellent and divine counsel, the best and most profitable advertisement of all others, but the least practised, is to study and learn how to know ourselves. This is the foundation of wisdom and the highway to whatever is good.... God, Nature, the wise, the world, preach man, exhort him both by word and deed to the study of himself.”
—Pierre Charron (1541–1603)
“Simplicity of life, even the barest, is not a misery, but the very foundation of refinement; a sanded floor and whitewashed walls and the green trees, and flowery meads, and living waters outside; or a grimy palace amid the same with a regiment of housemaids always working to smear the dirt together so that it may be unnoticed; which, think you, is the most refined, the most fit for a gentleman of those two dwellings?”
—William Morris (1834–1896)