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Ernst & Young reaches deal with U.S. regulators to pay $123 million over tax avoidance scandal

banker pig in suit counts his wealth via Shutterstock

E&Y’s deal with a US district attorney ensures the firm will not face prosecution and brings a long-drawn tax scandal to an end Ernst & Young has agreed to pay $123m (£82m) in a settlement with criminal prosecutors in the US, admitting that some of its most senior tax partners…

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China to be world’s largest film market by 2020

Movie Theatre Holiday Plaza Shopping Mall in Shenzhen, China (Flickr via dcmaster)

Industry driven by China’s increasingly wealthy population looks set to overtake the US, claims Ernst & Young report China’s film market – already the second biggest in the world – will surpass that of the US by 2020, according to a new report by Ernst & Young. The report suggests the…

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