FTSE 100 companies BP and WPP have said they will certify their accounts, and according to the FT, the mood amongst lobbyists for non-US companies is now one of resignation.
In Germany just, less than half the companies affected by the new requirement signed a letter of exemption sent by the industry federation to the US Securities & Exchange Commission.
Major companies like Deutsche Bank and Fresenius have said they will certify their accounts.
America?s 700 largest companies had to certify their accounts last week, while the remaining 14,000 other US public companies have until the 29 August to do the same.
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