Lord Ashcroft, former treasurer of the Tory party and a director at Tyco, is reported to have proposed that he along with eight of the company’s 11 directors should resign as part of a radical shake up of the board.
Tyco has been hit by scandal following the resignation of Dennis Kozlowski after he was indicted for sales tax evasion.
Lord Ashcroft is said to have made his proposal to the company board on Wednesday last week.
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