Currently fines for breaching financial rules are six times higher than those meted out for safety breaches. Timothy Walker, director-general of the H&SE, will argue that this current situation is ‘incomprehensible’.
The latest campaign by the H&SE follows plans by the DTI to introduce a new law of corporate manslaughter, to crack down on big companies, whose negligence results in death and industry.
This latest initiative has received some support from the Confederation of British Industry, who said that in some cases fines needed to be higher, while the Federation of Small Businesses said it was open to discussions about higher penalties for errant business, the FT reported.
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