It is anticipated that next week will see the unveiling of a final draft of the plans by the US’ Financial Accounting Standards Board.
The idea is to tackle the use of options to make excessive payments off the books. But The Financial Times reported the move was meeting stiff resistance, particularly from technology companies.
They fear the change would introduce unacceptable volatility into accounts and impede the legitimate use of options to attract talent.
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