An employee’s committee from the scandal-hit company is intending to recoup money given out to 114 employees in the days leading up to the declaration of bankruptcy as under US law the company cannot make payments to one creditor in preference to another in the 90 days before bankruptcy.
Staff who won pay outs had applied to make withdrawals from their deferred compensation accounts in the month before the December 2001 bankruptcy declaration, according to The Times.
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