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Today’s news in brief – 13/11/2023

Apple faces a setback in its 10-year dispute over a €13bn tax bill in Ireland. Advocate general Giovanni Pitruzzella recommends dismissing Apple’s appeal in the European Court of Justice. Apple has already paid the full amount in question. The case, initiated in 2014, alleges Apple’s favourable tax status in Ireland resulted in an £11.3bn benefit. The European Commission claimed Apple received illegal state aid, but in 2020, the EU General Court annulled this decision. Pitruzzella now supports the Commission, stating the court should reassess the case, prompting uncertainty about Apple’s tax status.

PKF Francis Clark has strengthened its business advisory team with the appointment of director Ashley Luxon in Taunton. With over nine years’ experience advising family businesses, Luxon aims to collaborate with in-house specialists on various client projects. Luxon appreciates the positive workplace culture and looks forward to building relationships with clients. PKF Francis Clark’s business advisory team provides technical knowledge, strategic support, and commercial insight across sectors.

Dow Schofield Watts (DSW) has expanded its Midlands corporate finance team with the appointment of Lucy Fairclough as associate director. Based in Leicester, Fairclough, with 15 years’ experience at PwC and KPMG, will focus on advising mid-market businesses on deals like sales, buyouts, and fundraising. DSW’s corporate finance team was recently established, and Fairclough’s recruitment brings its total headcount to four. The team plans further expansion in the Midlands, aiming to strengthen its local presence and client offerings.

Grant Thornton has welcomed 23 graduates in Belfast, with 15 joining the audit and advisory department and eight in the tax division. These recruits enter the company’s three-year training program, aimed at obtaining professional qualifications. This follows the hiring of 22 graduates last year, showcasing Grant Thornton’s commitment to growth amid increasing demand. The firm, anticipating around 80 new hires this year, emphasises investing in staff development for enhanced service quality.

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