Companies including French group
which sells its products under the Dannon brand in the US, British Airways and
ICI have all pulled out of the US after the huge regulatory burdens piled on
companies in the wake of Enron.
The new figure comes from research conducted by The Daily Mail. The
SEC said last month that it
had established a committee to examine the financial reporting system.
Christopher Cox, SEC chairman, said the system had become ‘unnecessarily complex
for investors, companies and the markets generally.’
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