Embattled diversified conglomerate Tyco
International has been told
owes severance pay and interest of about $1.2m (?600,000) to a former senior
Despite being accused of participating in the accounting scandal at Tyco, US
District Judge Gerard Lynch said Richard Power was due the money.
Power, a former vice president and division chief financial officer, sued the
company for breach of contract and about $9m in severance pay in 2002.
Power was fired by Tyco’s new management in 2002.
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