The adoption of a new accounting rule by internet icon Yahoo has cost it $65m
(£34m) more this year than at the same time in 2005, the company reported
In reporting its income for the first quarter of 2006, Yahoo deducting the
cost of expensing its employee stock options, a controversial new accounting
rule already used by companies like Coca Cola and Amazon.
Yahoo said net income for the first three months of the year fell to $160m
(£90m), from $204.6m the previous year.
Without the changes it would have reported an 18% rise in first quarter
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