Companies and responsible officials could be fined up to £500,000 for data
security breaches from today, following an amendment to the Data Protection Act.
Employees and companies will now be liable to fines handed down from the
Information Commissioner’s office and Big Four firm KPMG expects the office to
act quickly to make use of its new powers.
Big companies are likely to be the first targets for losing sensitive
customer information. Previously the maximum fine was £5,000.
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