Lloyd’s ‘names’ are to be allowed to form tax-efficient Limited Liability Partnerships, The Times reports.
From 2006, individual investors are to be allowed to form LLPs, allowing them to limit their liability.
The new structure has greater tax advantages over NameCos or Scottish Limited Partnerships, previously the only way investors could cap their potential losses.
Does Darwin's theory apply to taxation? Colin ponders...
The EC has been instructed to draft a European Union (EU) directive authorising an EU financial transaction tax, which would apply to ten of the EU’s 28 member states
Accountancy watchdog the FRC has dropped its investigation into the former chief financial officer of Tesco, nearly two years after the supermarket was engulfed in an accounting scandal
Colin imagines how Apple's logo might change in the wake of the EC's ruling over its Irish tax arrangements