According to a new report , four major American tech firms hold $163 billion in United States government debt overseas for tax reasons. That means that American taxpayers are effectively paying interest toward a corporate cash stash held abroad that likely will not return to the US anytime soon. Further Reading Silicon Valley fights to keep its Dutch Sandwich and Double Irish loopholes If Apple, Microsoft, Google, and Cisco were to repatriate this money to the US, and if it were taxed at the current corporate rate of 35 percent, “it would produce a $89 billion windfall for the US Treasury—equivalent to 17 percent of America’s projected $514 billion budget deficit this year,” according to the report, published Wednesday by the UK's Bureau of Investigative Journalism (BIJ). “The amount invested by Apple, Microsoft, Google, and Cisco is so large they would collectively be the 14th biggest overseas purchaser of Treasury securities, above Singapore and Norway.” That … [Read more...] about Tech firms would pay $89B in taxes if offshore gov’t debt came home
Reporting u s social security on canadian tax return
Security researcher finds bug that may have allowed hackers to bypass Facebook’s 2FA
Meta created a centralised system to allow users to manage connected experiences like logging in across accounts on Facebook and Instagram . A security researcher has said a bug in this system, called Meta Accounts Center , may have allowed hackers to disable two-factor authentication (2FA) – a way that helps users to keep their social media accounts protected from unauthorised access. Gtm Mänôz, a security researcher from Nepal, said he reported a bug he found in the Meta Accounts Center in September last year. Bug in Meta Accounts Center Mänôz said that he found that Meta did not set up a limit to enter login code it sends via SMS as a part of the two-factor authentication process. As per the researcher, this bug would have allowed a hacker to bypass the authentication protections using brute force attacks. Read Also Meta to shut down social to-do list app 'Move' in March It is to be noted that when users set up two-factor … [Read more...] about Security researcher finds bug that may have allowed hackers to bypass Facebook’s 2FA
Many security teams are prioritizing prevention over detection, with disastrous results
Audio player loading… When it comes to securing the premises, the majority of businesses are prioritizing prevention over detection, investigation, and response, a new report has found. However as a result, large numbers of firms are being hit by data breaches or other attacks, with the incidents constantly getting worse. Researchers at Exabeam surveyed 500 IT security professionals, finding roughly two-thirds of the respondents (65%) prioritize prevention as their number one endpoint security (opens in new tab) goal. For a third (33%) - detection was the highest priority. Too late to the party To make matters even worse - the businesses are actually acting on this thinking. Almost three-quarters (71%) spend between 21% and 50% of their IT security budgets on prevention, while 59% invest the same amount as they do for detection, investigation, and response. The trouble with this approach, according to Exabeam’s Chief Security Strategist, Steve Moore, … [Read more...] about Many security teams are prioritizing prevention over detection, with disastrous results
amazon: Spanish court rules Amazon ‘Flex’ couriers were falsely self-employed
A Spanish court has ruled that Amazon must compensate self-employed couriers who used their own vehicles for deliveries, a move welcomed by a labour union that has criticised worker conditions in the "gig economy". The Madrid labour court said that the tech giant would have to pay Social Security contributions for the 2,166 people it hired under the guise of external contractors within the now-defunct " Amazon Flex " scheme and recognise them as regular staff during the periods they made deliveries. It did not provide the total to be paid. Amazon scrapped the Flex programme in Spain last year, after a 2020 Supreme Court ruling forced companies to hire freelance couriers as staff, and the government introduced a pioneering law to the same effect in 2021. Read Also Tech jobs still hot in US amid mass layoffs, finds report Big Tech earnings face more heat as cloud cover fades "Amazon is a company that is not only a … [Read more...] about amazon: Spanish court rules Amazon ‘Flex’ couriers were falsely self-employed
Facebook reaches milestone, crosses 2 billion daily active users
There was a time when Facebook dominated social media and had little to no serious competition. However, over the years, competition from platforms like TikTok and others have hurt the Zuckerberg-led company. During the past quarter, the company saw its revenue fall by more than 30%. However, it’s not all gloom for the social network as its latest earnings call reveals. The Meta-owned company Facebook now has over 2 billion daily active users. "Our community continues to grow and I'm pleased with the strong engagement across our apps. Facebook just reached the milestone of 2 billion daily active users,” said Facebook CEO Mark Zuckerberg in a statement. Read Also Meta to shut down social to-do list app 'Move' in March Facebook and sister apps saw a noticeable growth in user activity The earnings call report mentioned that the overall active users on Facebook as well as Meta ’s family of apps – which includes Instagram, Messenger, … [Read more...] about Facebook reaches milestone, crosses 2 billion daily active users
Canada Says It Is Monitoring ‘Potential Second Incident’ Linked to Chinese Alleged Spy Balloon
The Canadian Armed Forces revealed late Thursday that it is monitoring a “potential second incident” related to the discovery of a massive Chinese balloon over Montana that the Communist Party claimed had drifted off course and coincidentally landed near American military sites of high importance. The Pentagon confirmed late Thursday that it had identified what it suspected was a Chinese surveillance balloon over Montana, near an area housing nuclear missile silo fields. A Pentagon spokesman insisted the balloon was “currently traveling at an altitude well above commercial air traffic and does not present a military or physical threat to people on the ground.” Pentagon officials reportedly opted not to shoot the balloon down, despite the overt national security threat it causes, out of concern that debris from the destroyed balloon could hurt people on the ground. The Communist Party of China confirmed on Friday that the balloon originated in China, but claimed it … [Read more...] about Canada Says It Is Monitoring ‘Potential Second Incident’ Linked to Chinese Alleged Spy Balloon
nft: This NFT token is a ‘live scam’, researchers warn
Security company Check Point Research (CPR) has flagged the popular Dingo Token as a live scam. For those unaware, Dingo Token is a protocol layer that provides a new world of NFT . According to the report, the threat actors behind the token have embedded a backdoor function into the smart contract to manipulate fees going up to as much as 99%. The function has also been used 47 times. The Dingo Token is currently ranked at 774 by market capitalisation at $10,9 million. As per the report, investors of Dingo Token are at risk of potentially losing all their money. CPR has also warned about the growing interest in cryptocurrency scams by hackers. 99% contract fee The smart contract in Dingo Token charges a 95% tax fee and a 4% liquidity fee. This means that the platform will charge a 99% fee on any transaction with a contract that will steal your funds. The report also shares an image of how the transfer amount is calculated. Apart from this, the report also offers … [Read more...] about nft: This NFT token is a ‘live scam’, researchers warn
Swedish Agency Warns of Increased Terrorism Threat
The Swedish Agency for Psychological Defense has warned that Sweden is in the crosshairs of foreign actors who are spreading messages that the country is a legitimate target for terror attacks. Mikael Tofvesson, head of the operations department at the Swedish Agency for Psychological Defense, stated earlier this week that attitudes toward Sweden abroad were becoming more and more aggressive. According to Tofvesson, part of the rise in aggression comes from a social media campaign by Muslims that claimed Swedish social services were kidnapping the children of Muslim families in Sweden, a phenomenon that has been ongoing since late 2021, broadcaster SVT reports . Sweden: Civil Servants Under Threat of Attack Over Muslim ‘Kidnapping’ Allegations https://t.co/g1RT5Z6Nxa — Breitbart London (@BreitbartLondon) November 25, 2022 Another factor listed by Tofvesson was the multi-day violent Easter riots that took place last year in reaction to the burning of copies of … [Read more...] about Swedish Agency Warns of Increased Terrorism Threat
Key bitcoin developer calls on FBI to recover $3.6M in digital coin
One of the prominent developers behind the bitcoin blockchain said he has asked the FBI to assist him in recovering $3.6 million worth of the digital coin that was stolen from his storage wallets on New Year’s Eve. Luke Dashjr is a developer of the Bitcoin Core, an app that runs 97 percent of the nodes making up the bitcoin blockchain. Bitcoin Core derives from the software developed by the anonymous bitcoin inventor who uses the pseudonym Satoshi Nakamoto. That software was called simply Bitcoin but was later changed to Bitcoin Core to distinguish it from the coin. Dashjr has been contributing to the Bitcoin Core since 2011 and has long championed the concept of decentralization that the cryptocurrency was founded on. “What the heck, FBI?” On New Year's Day, Dashjr took to Twitter to report that his entire bitcoin holdings—worth roughly $3.6 million —were “basically all gone.” He said the hack stemmed from the compromise of a PGP (Pretty Good Privacy) key that he used to … [Read more...] about Key bitcoin developer calls on FBI to recover $3.6M in digital coin
Best Dog Beds of 2023
In this article: Best dog beds How we test dog beds Many people are concerned about having a good night's sleep, but you should also think of your dog. Finding the right dog bed to give your faithful pooch a restful sleep can be a process of trial and error, especially if you have a picky dog. After all, no matter how much time you spend researching and picking the right one, your dog gets the final vote. That's why we put three obliging canine testers -- Bailey, Halley and Huckleberry -- to help us out in picking the best dog beds out there. Bailey and Huck preferred beds with side bolsters so they could rest their heads or roll around without falling off. Halley liked the flat pillow-style bed with no sides at all. Then again, you might have a dog who, despite having all these beds to try out, prefers to hop on the nearest couch or into the big human bed at night. Along with our dogs' input, we also considered how easy each bed is to clean, how it looks and its … [Read more...] about Best Dog Beds of 2023