Credit Suisse said that, under the agreement with Parmalat, it would pay
€172.5m (?136m) in a final settlement of all claims in Italy without admission
As part of the settlements, UBS will pay Parmalat $282.18m (?144m), Parmalat
said in a statement.
Parmalat said the agreement with UBS ‘resolves all actions to void, actions
for damages and actions to contest claims’ and late filing creditors pending or
may be filed in the future relating to transactions with UBS before Parmalat was
declared insolvent in 2003.
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