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He said illegal corporate tax avoidance "may be the most serious compliance issue threatening the American tax system today".
Treasury Secretary Lawrence H. Summers said the proliferation of such shelters "may be the most serious compliance issue threatening the American tax system today".
The bank's current management now admit serious "compliance and control failures" occurred at the Swiss bank before January 2011 when HSBC's current chief executive, Stuart Gulliver, took over.
The Guardian has seen evidence of Chinese sellers on eBay giving invalid VAT numbers as well as sharing, or cloning, numbers belonging to other businesses, all of which suggests there may be serious compliance failures or fraud.
There is a serious compliance problem in Whitehall, and the ICO has decided not to do anything about it.
Such age-class legacy and potential extreme natural disturbances (e.g. forest fires, pests or storms) are considered to threaten the accounting of FM with serious compliance risks.
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"Even companies that are serious about compliance usually still have sales forces that are compensated based on the volume of drugs sold," he said in an interview Wednesday.
This was enough for Mr Katainen to say that he "cannot immediately identify cases of 'particularly serious non-compliance' ".The upshot is face-saving all around.
Last month, Jamie Oliver's Italian restaurant chain and Wetherspoon pubs were among businesses caught up in a meat recall scandal at supplier Russell Hume, when FSA inspectors said they had found "serious non-compliance with food hygiene regulations" during a surprise visit to the company's Birmingham premises on 12 January.
The latest outside review of UMN, by FTI Consulting, found serious non-compliance by Olson jeopardizing the rights and welfare of participants— with conduct of this study, including that participants were not told of the FDA's decision not to approve bifupronex.
Study treatment continued until: disease progression; unacceptable toxic effects; the patient or physician requested discontinuation; or serious non-compliance with the protocol.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com