In the past corporations that sought to distribute more to shareholders than they had earned (via loans or running down of reserves) still needed to demonstrate the maintained their capital level with such payments only paid out of 'accumulated profits'.
But, its seems the Govt. is considering weakening this requirement (in place in various forms since C19th); this will make it easier for insiders to gut firms' finances.
This sin't pro-business it pro-asset-stripper!
#politics #law
h/t FT
Emeritus Prof. Christopher May
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2026-10-22 05:17:43 UTC
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