Prosecutors had hoped they could get a speedy result against former Parmalat chairman Calisto Tanzi and others, including the Italian offices of Grant Thornton and Deloitte, by opting for a fast-track procedure on lesser charges rather than the more complex accusations of fraud. But Judge Guido Piffer found the case was too complex to warrant the use of the speedier process, which relies on pre-trial interrogations and confessions rather than lengthy pre-trial discovery. Prosecutors had hoped for a trial buy June, but now believe it could be up to two years before one can begin, The Financial Times reported.
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