The company said that the US Attorney’s office for the Southern District of New York had opened a preliminary criminal investigation into the business and that the Securities and Exchange Commission’s Florida office, which is conducting its own informal inquiry, would co-ordinate its activities with the new inquiry.
The company did not disclose what the investigations were centred around but seem likely to follow a similar line to French investigations, which are examining whether the firm published false accounts in 2000 and 2001 in order to hide the true nature of its financial situation.
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