Breakthrough week for historic corporate tax deal: 140 nations including Ireland are on board October 9, 2021 The international community is moving towards sweeping changes to how big multinational companies are taxed to prevent them from stashing profits in offshore havens where they pay little or no tax after 140 countries have agreed to sign the deal. Under the agreement, countries would enact a global minimum corporate tax of 15 per cent [...]
Nick Clegg says Facebook is ‘pleased’ with historic tax deal, even if it means paying more October 9, 2021 Nick Clegg, Facebook’s vice president for global affairs, said today the social media giant welcomes the corporate tax agreement that 140 countries around the world agreed this week. “We are pleased to see an emerging international consensus,” Clegg said in a statement sent to Morning Wire this afternoon. Under the agreement, countries would enact a [...]
Former Eversheds trainee solicitor stands trial for raping law student at house party October 8, 2021 A trial into alleged sexual assault by a former Eversheds Sutherland trainee solicitor has started. Tom Hagyard is being accused of raping a law student before sexually assaulting another female, while attending a house party – within weeks of joining law firm Eversheds Sutherland on a training contract in 2017, according to The Mail Online, [...]
COP26: UK and global accountancy bodies aim for net zero emissions October 8, 2021 The UK professional body for accountants has joined global peers in making a public commitment to net zero emissions. The Institute of Chartered Accountants in England and Wales (ICAEW) yesterday announced it will sign a commitment to net zero emissions and create plans to achieve this, alongside a network of global accountancy bodies. The 13 [...]
Brexit exclusive: UK firms face IBAN discrimination across EU as GB payments are refused October 7, 2021 As the clocks turned 2020 into 2021 the UK left the European Union after 47 years. The decision divided the country, and businesses everywhere were forced to adapt to, and comply with, new regulations. Certain industries were more affected than others, and businesses which had some sort of international presence benefited from a smoother transitioning period, [...]
Accounting watchdog FRC launches probe into French Connection audit by Mazars October 6, 2021 The accounting watchdog said this morning it has launched an investigation into retailer French Connection’s audit by Mazars. The Financial Reporting Council (FRC) said it was probing the chain’s accounts for the year ending January 31 of last year. It said the decision to investigate the audit was made at a meeting of its conduct [...]
The Impact of Covid-19 on Board Accountability, Flexible Work, Stakeholder Engagement, and Financial Markets October 5, 2021 | City Talk The podcast series A Guide to EU Financial Politics and Policy Development continues to bring listeners valuable insight and perspectives on the European Union regulatory sphere. This summer, we added four new episodes focusing on the impact of the pandemic on board accountability, work environments, stakeholder engagement, and financial markets. The podcast is hosted by Josina Kamerling, [...]
The case that shook London’s gay community: Stephen Port inquest starting today October 5, 2021 Over the next ten weeks, a jury will hear details of how four young London gay man met their deaths at the hands of serial killer Stephen Port between the summer of 2014 and September 2015. The hearings, which were postponed due to the pandemic, are being held at Barking Town Hall, just yards from [...]
Police to be given greater powers today as Insulate Britain has ‘crossed the line’ October 5, 2021 Crime and Policing minister Kit Malthouse said this morning that Insulate Britain protesters have “crossed the line between exercising their right” and their responsibility to the public, and further measures to combat their tactics will be announced on later today. Speaking about footage of a paramedic dragging some of the protesters out of a London [...]
UK urged to crack down on ‘dirty money’ as Pandora Papers expose London’s murky role October 4, 2021 There are fresh calls today to tighten Britain’s defences against “dirty money” after a leak of offshore data exposed the secret financial dealings of some of the world’s richest and most powerful people. The cache of almost 12m files – dubbed the Pandora Papers – is said to cover the activities of some 35 current [...]