Over this time the lobby against the rules has grown with many companies
pulling out of US listings because of the stringent requirements under the act
and due to high compliance costs.
Most recently in June, three FTSE 100 heavyweights pulled out of US listings
in a seven-day period, these
being International Power, ICI and United
The US is now attempting to water down the rules.
HMRC breaches client confidentiality; and partner profits fall at EY. These stories and more discussed in Friday Afternoon Live
"The whole idea of HMRC officials supplying confidential information about individuals to the media on a non-attributable basis is, or should be, a matter of serious concern," say Supreme Court judges
Changes to the tax system is urged to support the growth of entrepreneurs, found a report from the Grant Thornton UK, the Institute of Directors, and the Prelude Group
If businesses do not take cyber security seriously in their business planning regulators may do it for them, the ICAEW has warned