The new rules are designed to create a single market in financial services.
But the FSA said that while Mifid could generate £200m a year in ongoing
benefits, the rules were likely to land companies with substantial one-off
It may these predictions as part of a formal assessment published over the
The report, said the industry would be stung with a one-off implementation
costs of between £870m and £1bn, with ongoing costs of an extra £100m a year.
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