The deal places the emphasis on ‘quality of information’ instead, which means companies will have to provide information on such things as mergers, closures, debt and equity issues.
Known as the ‘transparency directive’ it still needs to be approved by the European parliament.
‘We are happy with the way the transparency directive has moved in the way we wanted,’ chancellor Gordon Brown said, according to reports.
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