Utilities has become the second major company in a week to turn its back
on the NYSE to escape the prohibitively expensive regulatory climate.
ICI made the same move
last week, saving itself a reported £4m a year in Sarbanes-Oxley
In reaching its decision, the FTSE
100 heavyweight believed that the administrative costs of maintaining the
listing and costs of complying with US federal securities laws were ‘no longer
UU also cited low demand of its American depository shares as a motivating
factor for its withdrawal.
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