The former chairman of Samsung has been given a 110bn won (£55m) fine and a
three-year suspended sentence today after being found guilty of tax evasion by a
South Korean court.
Lee Kun-Hee, hid more than £2bn of assets, but was acquitted on charges of
breach of trust and the court decided his crimes did not justify a prison term,
Judge Min Byung-Hun, of the Seoul Central District Court, said: ‘His crime is
not serious enough to sentence him to prison.’
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