Samsung’s chairman has stepped down after 20 years in the role following his
indictment for tax evasion and breach of trust.
Lee Kun-Hee said he would step down from the company, which employs 200,000
people and accounted for 20% of South Korea’s exports, after he was alleged to
hidden assets to evade tax.
Investigators said he had avoided $128m (£65m) in tax and could face life in
jail if found guilty, but analysts said he was unlikely to face such heavy
Four other executives will step down from the company, said Samsung in a
MHA MacIntyre Hudson has partnered with cloud accounting software provider Xero ahead of the government’s requirement for digital records
Smaller businesses could be excluded from government plans for making business transactions digital, found new research from ICAEW
Further powers are being sought by HMRC, but it is ‘failing’ to use those it already has, such as Conduct Notices, says RPC
HMRC breaches client confidentiality; and partner profits fall at EY. These stories and more discussed in Friday Afternoon Live