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The move comes as a response to revelations that UK firm Pearl, which AMP owns, has failed to meet the Financial Services Authority’s funding threshold for several months.
AMP is currently in discussion with the FSA over how to bring its funds back to levels above the statutory minumum, according to Andrew Mohl, AMP’s chief executive. Mohl did however mention that several of its competitors were in ‘a similar or worse predicament.’
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