Administrators at PwC have received multiple bids for Keydata Investment
Services, the investment company with £3bn under management, according to
PwC partners Dab Schwarzmann and Mark Battern, who took over Keydata on
Monday after it was placed into administration by the Financial Services
Authority over a £5m tax liability.
Jubilee Financial products and investment busibess Opal and two of the
bidders, according to the Financial Times.
the tax liability arose because Keydata sold individual savings accounts that
were not compliant with investment rules.
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
Steve Absolom and Will Wright from KPMG Restructuring have been appointed joint administrators to City Motor Holdings and associated companies
Partners from Johnston Carmichael have been appointed as joint administrators to Axon Well Interventions Products UK