FILE PHOTO: Junior Brexit minister Kwasi Kwarteng is seen outside Downing Street in London, Britain March 22, 2019. The business ministry had no immediate comment. We think this is a good thing and I would expect it to have teeth, but I dont expect it to be a wholesale transplant from the U.S., said Michael Izza, chief executive of ICAEW, an accounting body. LONDON (Reuters) - Company directors would become personally liable for the accuracy of their financial statements under landmark proposals from Britains finance ministry next week to improve corporate behaviour, sources familiar with the plans said on Friday. Legislation is needed to implement some of the key recommendations, but parliamentary time has been clogged by Brexit and COVID-19 for the past two years or more.
Both the UK and the US have been impairing industry with high fees and taxes.
( z0 impair :ARG0 ( z1 and :op ( z2 country :name ( z3 name :op "UK" ) ) :op ( z4 country :name ( z5 name :op "US" ) ) ) :ARG1 ( z6 industry ) :ARG2 ( z7 and :op ( z8 fee :ARG1-of ( z9 high :ARG1 ( z10 tax ) ) ) :op z10 ) )
(z0 / impair-01
    :ARG0 (z1 / and
              :op1 (z2 / country
                       :name (z3 / name
                                 :op1 "UK"))
              :op2 (z4 / country
                       :name (z5 / name
                                 :op1 "US")))
    :ARG1 (z6 / industry)
    :ARG2 (z7 / and
              :op1 (z8 / fee
                       :ARG1-of (z9 / high-02
                                    :ARG1 (z10 / tax)))
              :op2 z10))
Both the UK and the US have been impairing industry with high fees and taxes .
z2 :name z3
z3 :op1 0
z1 :op1 z2
z1 :op2 z4
z4 :name z5
z5 :op1 1
z0 :ARG0 z1
z0 :ARG1 z6
z8 :ARG1-of z9
z7 :op1 z8
z0 :ARG2 z7
z7 :op2 z10
z9 :ARG1 z10