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Australian regulator calls for new competition laws for digital platforms
Australian regulator calls for new competition laws for digital platforms
(Reuters) -Australia's competition watchdog said on Monday new competition laws were required in response to the rapid expansion of digital
2023-11-27 09:17
How tall is Tyler1? When streamer's girlfriend exposed him for lying about his height: 'You can’t touch the ceiling'
How tall is Tyler1? When streamer's girlfriend exposed him for lying about his height: 'You can’t touch the ceiling'
Tyler1's imposing build may give the impression that he towered over others but that is not true
2023-08-11 19:55
Here are all the best Doordash promo codes you can redeem this week
Here are all the best Doordash promo codes you can redeem this week
Summer temps are soaring, which means this might be prime time for you to stay
2023-07-29 04:48
Rae Sremmurd & SCORD Announce SREMM4LIFE Video Game Challenge
Rae Sremmurd & SCORD Announce SREMM4LIFE Video Game Challenge
LOS ANGELES--(BUSINESS WIRE)--May 23, 2023--
2023-05-24 05:49
Citrix Expands Cloud and On-Premises Capabilities to Support the Needs of Hybrid Customers
Citrix Expands Cloud and On-Premises Capabilities to Support the Needs of Hybrid Customers
FORT LAUDERDALE, Fla.--(BUSINESS WIRE)--Jul 27, 2023--
2023-07-27 20:24
Ireland and Apple await major development in long-running EU tax dispute
Ireland and Apple await major development in long-running EU tax dispute
EU lawmakers are awaiting an announcement which is seen as major step in the drawn-out dispute over tax arrangements between technology giant Apple and Ireland. The advocate general at the European Court of Justice is to issue an opinion on Friday morning about whether Apple will be forced to pay more than 13 billion euro in back taxes to Ireland. While the opinion of the advocate general is non-binding, it is usually followed by the court and therefore could have significant implications for corporation tax bills. Ireland had fought the European Commission over the matter due to concerns over an intrusion on Irish sovereignty and potential impacts to investment in the country. There was no sweetheart deal Finance Minister Michael McGrath In 2016, following an EU investigation which launched in 2014, the commission concluded that Ireland gave undue tax benefits of 13.1 billion euro to Apple, which is illegal under EU state aid rules. The commission said that tax rulings issued by Ireland to Apple in 1991 and 1997 substantially and artificially lowered the tax paid by the iPhone manufacturer in the country since 1991, in a way which did not correspond to economic reality. As a result, competition commissioner Margrethe Vestager said Ireland had granted illegal tax benefits which enabled it to pay substantially less tax than other business over many years. The investigation found that Apple had paid an effective corporate tax rate of 1% on its European profits in 2003, down to 0.005% in 2014 – 50 euro for every one million euro of profit. The process involved recording almost all sales profits of two Irish incorporated companies, which the commission said only existed on paper. The companies, fully owned by Apple, held the rights to use the firm’s intellectual property to manufacture and sell its products outside North and South America. The commission said this situation allowed Apple to avoid taxation on almost all profits generated by sales of its products in the entire EU single market. It said this was due to Apple’s decision to record all sales in Ireland rather than in the countries where the products were sold. The findings were disputed by the Irish State – which said all tax owed had been collected – and Apple, which had come under scrutiny in the US for its tax practices years earlier. At the time, Apple’s chief executive, Tim Cook, branded the EU findings as “political crap”, maddening and untrue. The Irish Government, which was also used to defending a comparatively low 12.5% corporation tax rate, said Europe had overstepped the mark in attempting to dictate tax laws and enforce retrospective taxes decades later. Ireland and Apple fought the commission on the matter and in July 2020, the General Court of the European Union annulled the decision. However, the commission subsequently appealed the decision to the European Court of Justice with Ms Vestager saying the lower court’s ruling contained “errors of law”. The European Court of Justice’s advocate general is to give a legal opinion on the dispute ahead of the court’s final decision. That decision is expected next year and will have significant implications for how member states grant tax breaks to major firms. Apple has argued it has been paying tax on the profits in question in the US, while Ireland has seen it necessary to defend its reputation on taxation issues to protect foreign direct investment. Last weekend, Finance Minister Michael McGrath said the advocate general’s opinion will be “significant” but added it is not the final step in the process. Mr McGrath said: “We are confident in our position in respect of the Apple case. We take encouragement from the findings they have made so far, but it is a significant day.” He added: “There was no sweetheart deal. This was the application of Ireland’s statutory corporation tax code.” In the interim, the 13.1 billion euro has been held in an escrow fund pending the outcome of the case. The money, with interest, is due to be entered into the Irish exchequer if the commission wins the case. However, other member states may make claims that they are owed some of the money. If the commission loses the appeal, the large sum will be returned to Apple.
2023-11-09 11:18
How To Get More Women Into Coding: Online Gaming
How To Get More Women Into Coding: Online Gaming
Game developer and Fullflower Studio founder Anne Shoemaker comes from a family of web developers, so she had some idea of what coding is well before most kids do. But when she was around 8 or 9 years old, her parents introduced her to a program called Scratch, a free tool aimed at helping children learn about programming. From there, she was hooked. A couple of years later, already set with a solid foundation, she started creating on Roblox, a platform that unites gamers and developers while also providing an environment where people can create their own games. “My favorite game on Roblox broke, and I was really sad. I wanted me and my friends to still be able to play it,” she said during last week’s Refinery29 Twitch stream. “I created a game that was similar. Then it got, like, 100 players and I was like, ‘You gotta keep going, that’s really cool.’”
2023-08-02 01:28
How to watch every NFL game this season if you've ditched cable
How to watch every NFL game this season if you've ditched cable
Quick links: BEST FOR AFC GAMES Paramount+ $5.99/month Get Deal BEST FOR SUNDAY NIGHT FOOTBALL
2023-09-05 22:53
EU Rules on Methane Curbs May Boost LNG Industry, Exxon Says
EU Rules on Methane Curbs May Boost LNG Industry, Exxon Says
New rules on curbing methane emissions in Europe’s energy sector may actually boost the case for liquefied natural
2023-11-16 16:17
Paige Spiranac makes hilarious 'eye contact' quip about Phil Mickelson, fans ask 'can you blame us'
Paige Spiranac makes hilarious 'eye contact' quip about Phil Mickelson, fans ask 'can you blame us'
Paige Spiranac starts the British Open with a 'eye contact' joke about Phil Mickelson
2023-07-21 17:57
Binance.US Trading Volume Tumbles While SEC Dispute Heats Up
Binance.US Trading Volume Tumbles While SEC Dispute Heats Up
Trading volume on Binance.US is evaporating as the cryptocurrency exchange’s fight with US regulators intensifies. As of August,
2023-09-19 04:54
10 Facts About James Baldwin’s ‘Giovanni’s Room’
10 Facts About James Baldwin’s ‘Giovanni’s Room’
James Baldwin's novel 'Giovanni’s Room' was rejected by editors and publishers before it was eventually released in 1956.
2023-06-26 20:21