Rules on disclosure that would force institutional investors to reveal how
they voted at AGMs have been attacked by the CBI.
The business body claims proposals in the company law reform bill could end
up politicising the voting process, as lobby groups may start to target
investors that do not vote in favour of their particular viewpoint.
The move by the CBI will be welcomed by many investor groups, who have been
campaigning against the new legislation for some time. However, there is
significant support for the moves from trade unions, environmental pressure
groups and backbench Labour MPs, according to the Financial Times.
Further powers are being sought by HMRC, but it is ‘failing’ to use those it already has, such as Conduct Notices, says RPC
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