Neil Baker

Plans to create a single tax base for corporate profits across the European Union are nothing if not ambitious. If the project succeeds, it would cut tax compliance costs, eradicate transfer-pricing problems, and make cross-border acquisitions much easier. So, naturally, the idea is viewed with skepticism by some. It has shaky political support, and many […]

The British business sector has voiced enthusiastic support for the Financial Services Authority’s plans to tear up large parts of its growing rulebook, replacing prescriptive requirements with more general principles. But is the enthusiasm justified? More skeptical observers say the promised benefits of this fundamental change could prove illusory. The FSA has been experimenting with […]

The British business sector has voiced enthusiastic support for the Financial Services Authority’s plans to tear up large parts of its growing rulebook, replacing prescriptive requirements with more general principles. But is the enthusiasm justified? More skeptical observers say the promised benefits of this fundamental change could prove illusory. The FSA has been experimenting with […]

After a spectacular false start, the British government has finally completed a new legal framework to improve the quality of narrative reporting in corporate financial statements. Tougher rules for private companies, with a new layer of compliance for publicly traded companies, should improve disclosure practices, experts say. But they caution that Britain already has a […]