The proposed new rules are set to be unveiled next month but Commission officials have said there would be much less disclosure required than their US counterparts, where tough quarterly reporting rules have been in place for 57 years.
The rules are likely to oblige quoted companies to produce their turnover figures and profit and loss account every three months but proposals for a report with detailed data and guidance on future earnings have been abandoned.
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