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Transformation refers to holistic changes to corporations – business models, strategy, marketing and operations, all enabled by new technology.
Sarbanes-Oxley also made a number of changes to corporations' governance structure, like requiring that the board's audit committee be independent and that the outside auditor have no conflicts of interest.
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More specifically, we have to look at: comparative movements in headline taxation rates, changes in the amount of taxation levied on corporate profits; and changes to corporation tax over time, as a proportion of GDP and as a proportion of the total tax burden.
Overall, the changes to corporation tax are neutral, but skewed against manufacturing and smaller companies.
The Professional Contractors Group has a lot of useful information on the budget and the changes to corporation tax.
The Office for Budget Responsibility admitted it had been told of the change to corporation tax and the 1p cut in fuel duty from 1 April "too late to incorporate any indirect effect of these measures in the economy forecast".
Under the change to corporation tax, the basic rate will fall to 24% next month, down from the current 26%.
BBC staff in the unions Bectu, Unite and the National Union of Journalists have voted by more than 90% in favour of strike action over proposed changes to the corporations's pension scheme.
Proxy access refers to the ability for shareholders who meet certain thresholds (amount of shares owned and the length of continuous ownership are two of the most prominent) to use management's proxy to nominate their own directors and, in some cases, recommend changes to the corporation's by-laws for the purpose of changing the way directors are nominated.
BBC staff outrage at proposed changes to the corporation's final salary pension scheme appears not to have diminished despite a peace offering from director general Mark Thompson.
The NUJ also met on Tuesday to discuss "pursuing legal avenues" with the BBC over controversial changes to the corporation's pension scheme.
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