Apple was slapped with the record-setting tax bill last year after a multi-year investigation by the Brussels-based European Commission determined Apple had benefited from unfair tax loopholes allowing the iPhone maker to pay less tax than other businesses. Ireland was ordered to collect back taxes for 2003-2014, putting Apple’s new tax bill at a steep €13 billion [$15.4 billion.] The Commission said Apple was able to pay an effective corporate tax rate of 1 percent on its European profits in 2003. In 2014, that shrunk to 0.005 percent for Apple Sales International, an Irish incorporated arm of Apple. At issue is whether Apple avoided tax on its foreign profits, which were recorded by its Irish subsidiaries and lightly taxed. This amounts to unfair state aid, according to the Commission. Apple is sitting on at least $261.5 billion in cash, according to its most recent earnings report. A $15.4 billion payment certainly won’t sink the tech titan, but for some … [Read more...] about Apple agrees to pay $15.4 billion in back taxes to Ireland — even though the Irish don’t want it
Supported by Technology By NICK WINGFIELDAPRIL 4, 2018 Continue reading the main story Share This Page Continue reading the main story SEATTLE — Five times in the last week, President Trump has pointed his Twitter arrows at Amazon over what he insists is a bad deal for the United States Postal Service.Mr. Trump wrote on Tuesday that the agreement, which sets what Amazon pays the Postal Service for many orders, costs American taxpayers billions of dollars. “I am right about Amazon costing the United States Post Office massive amounts of money for being their Delivery Boy,” he wrote.The details about the deal are not public — they are considered commercially sensitive information — but some of the available evidence suggests the opposite: that Amazon has been a boon to the Postal Service.The Postal Service has experienced a steady decline in the amount of mail it ships as more of its customers turn away from postcards and letters in favor of … [Read more...] about Is Amazon Bad for the Postal Service? Or Its Savior?
It's hard to forget the violence that broke out in Charlottesville, Virginia seven months ago when hundreds of white supremacists showed up to protest the proposed removal of a statue of General Robert E. Lee, a Confederate hero of the Civil War. What happened that weekend re-ignited a national debate about what to do with some 700 other Confederate monuments in towns and cities across the country, mostly in the South. We decided to take a closer look at these monuments and were surprised to learn not just when they were built and why, but who wants to tear them down, and who doesn't. We began in New Orleans where the culmination of Mayor Mitch Landrieu's crusade to remove four Confederate monuments looked more like a military operation than a construction job. When the city of New Orleans removed a giant statue of P.G.T. Beauregard, a Confederate general who ordered the first shots fired in the Civil War, they did it in the dead of night. Construction crews wore … [Read more...] about The history and future of Confederate monuments
Acting on a request from their chairman, Hamilton County commissioners agreed Wednesday morning to start posting the commission's agendas on their website. Chairman Randy Fairbanks noted that most people can only see what's on commissioners' plates if they come to the commission on Wednesday and pick up a printed copy. That's a high hurdle for working people, he said. Giving people an option to view the agenda online would mean they could possibly arrange to be present if there's a vote on something important to them. "The public needs to understand our process," he said. "There's just a small window from the time the agenda is ready and we talk about it." The commission holds its agenda and voting sessions on alternate Wednesdays, so the public has a week to ask questions before commissioners vote. Commissioners get access to the agendas on an internal website on Tuesday afternoon. County Mayor Jim Coppinger said staff can arrange to post the agendas but the process is for … [Read more...] about Hamilton County Commission agrees to post agendas for public
Europeans now can watch online streaming services like Netflix, Amazon Video Prime, and others that they’ve subscribed to at home wherever they are traveling in the EU without facing region blocks. The European Commission announced its new digital portability rules went into effect yesterday, as spotted by Engadget. The rules cover any digital content subscriptions, but it doesn’t cover free content, which will be up to the providers’ discretion. The new change also means that Netflix will be able to serve films and TV shows to subscribers without having to obtain licenses for the territories. Users’ accounts will automatically check their IP addresses to spot their location. The commission noted that between 2010 and 2014, European spending on video subscription services grew 113 percent each year. It estimates that at least 29 million people will benefit from the change in rules. Between different European countries, the number of films and television shows … [Read more...] about Netflix’s European users can access their home catalog throughout the EU