While most commentators believe Donaldson will eventually be appointed Harvey Pitt’s successor, past activities will be brought up in front of a Senate banking committee in January.
According to the Financial Times, of specific interest to the committee will be Donaldson’s stance on listing standards for non-US companies.
But John Coffee, securities law expert at Columbia University, told the FT that Donaldson would prevail. ‘Donaldson is pretty much the opposite of Harvey Pitt,’ he said. ‘He is not combative, he is conciliatory. He doesn’t have strong opinions. If something is embarrassing the SEC, he’ll stop it.’
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