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- Europe closes in on tax havens; Austria agrees to swap bank data (Wed, 22 May 2013 09:01:54 -0700)
By John O'Donnell BRUSSELS (Reuters) - Europe moved closer to ending banking secrecy on Wednesday after Austria dropped objections to sharing data on foreign depositors and the EU focused on negotiating a similar agreement with Switzerland. "It's a bad day for tax cheats," Austrian Chancellor Werner Faymann told reporters at a meeting of EU leaders to discuss fighting tax fraud. "We will act jointly and I believe we will manage the exchange of data by the end of the year. ... - EU leaders talk tough on tackling Amazon, Google over taxes (Wed, 22 May 2013 09:42:17 -0700)
By Luke Baker BRUSSELS (Reuters) - Britain, France and Germany called for stricter rules to stop companies such as Google, Apple and Amazon aggressively avoiding taxes in austerity bitten Europe, while acknowledging they had done nothing unlawful. At a summit to discuss energy and tax policy, the leaders of the three largest EU countries took the opportunity at news conferences to lament the impact of corporate tax avoidance, following several cases involving U.S. firms. ... - British opposition leader says Google tax behavior 'wrong' (Wed, 22 May 2013 08:56:12 -0700)
By Andrew Osborn and Costas Pitas LONDON (Reuters) - Google Inc's tax affairs came under renewed scrutiny in Britain on Wednesday when the leader of the opposition Labour party accused the Internet company of wrongly going to "extraordinary lengths" to avoid paying tax. In comments designed to politically outflank Prime Minister David Cameron ahead of next month's G8 summit on what has become a high-profile issue, Ed Miliband, the Labour leader, said he was disappointed that Google paid so little tax. "I can't be the only person here who feels disappointed that such a great company as Google ... - New Xbox: What?s Better, What?s Missing (Tue, 21 May 2013 15:21:38 -0700)
Eight years after the debut of the Xbox 360, Microsoft has announced the Xbox One. - Ireland feels the heat from Apple tax row (Wed, 22 May 2013 05:25:25 -0700)
By Carmel Crimmins and Conor Humphries DUBLIN (Reuters) - Ireland called on Wednesday for an international clampdown on multinationals shifting profits around the world to avoid tax, after criticism that Irish loopholes helped technology giant Apple to shrink its tax bill. A U.S. Senate investigation into the tax affairs of the maker of iPhones, iPads and Mac computers has shone an uncomfortable spotlight on Ireland's tax regime and forced the government to defend itself against accusations of being Europe's onshore tax haven. ... - Apple CEO makes no apology for company's tax strategy (Tue, 21 May 2013 14:37:06 -0700)
By Patrick Temple-West and Kevin Drawbaugh WASHINGTON (Reuters) - Apple Inc Chief Executive Tim Cook made no apology on Tuesday for the iPad maker saving billions of dollars in U.S. taxes through Irish subsidiaries and told lawmakers that his company backs corporate tax reform, even though it may end up paying more. The Senate Permanent Subcommittee on Investigations has found that Apple in 2012 alone avoided paying $9 billion in U.S. taxes, using a strategy involving three offshore units with no discernible tax home, or "residence. ... - The Irish loophole behind Apple's low tax bill (Wed, 22 May 2013 05:23:26 -0700)
By Tom Bergin LONDON (Reuters) - Apple's ability to shelter billions of dollars of income from tax has depended on an unusual loophole in the Irish tax code that helps the country compete with other countries for investment and jobs. A U.S. Senate investigation revealed Tuesday that Apple, maker of iPhones, iPads and Mac computers, channeled profits into Irish-incorporated subsidiaries that had "no declared tax residency anywhere in the world. ... - New Android apps worth downloading: Flickr update, GPS Navigation & Maps, Turbo Racing League (Wed, 22 May 2013 05:18:11 -0700)
Today's first app worth downloading is great for smartphone photographers. Flickr's official Android app now comes with a terabyte of free space to use for uploading mobile images. GPS Navigation & Maps is up next and offers turn-by-turn directions and maps of the whole world. Finally, Turbo Racing League puts you in control of a high-speed snail in a 3-D racing game, and you can compete to win $1 million in a tournament hosted by Verizon. - Miliband says Google tax behaviour "wrong" (Wed, 22 May 2013 09:55:39 -0700)
By Andrew Osborn and Costas Pitas LONDON (Reuters) - Google Inc's tax affairs came under renewed scrutiny in Britain on Wednesday when the leader of the opposition Labour party accused the Internet company of wrongly going to "extraordinary lengths" to avoid paying tax. In comments designed to politically outflank Prime Minister David Cameron ahead of next month's G8 summit on what has become a high-profile issue, Ed Miliband, the Labour leader, said he was disappointed that Google paid so little tax. "I can't be the only person here who feels disappointed that such a great company as Google ... - Fox show brings messy workplaces to television (Wed, 22 May 2013 09:45:42 -0700)
NEW YORK (AP) ? This time "you're fired" is more than a Donald Trump catchphrase. Fox is turning the firing of real people from real jobs into prime-time entertainment starting this week. - Pearson agrees $75 million settlement in U.S. e-books case (Wed, 22 May 2013 09:41:24 -0700)
By Kate Holton and Nate Raymond LONDON/NEW YORK (Reuters) - British publisher Pearson's Penguin unit said on Wednesday it would pay $75 million in damages plus costs to U.S. states and consumers as part of an agreement over alleged price-fixing in the e-book market. Pearson, which will take an extra provision on its accounts this year after setting aside $40 million in 2012, had already reached an agreement with the U.S. Justice Department in the e-book pricing case. ... - How AT&T keeps you connected after even the worst disasters (Wed, 22 May 2013 09:30:49 -0700)
Making sure that people have access to the Internet in the wake of disasters has become crucially important since it gives disaster victims the ability to communicate and learn important information that could help save lives. But what happens if an ISP?s basic infrastructure in a given area gets completely wiped out by a hurricane without any hope of being rebuilt for months? In AT&T?s case, that?s when it?s time to start rolling out its fleet of network equipment trailers that are capable of replicating the functions of a 10-story office building in the space of a small parking lot. BGR travelled to Hartford, Connecticut last week to get a first-hand look at how AT&T prepares its Network Disaster Recovery - It was only a matter of time: Apple says Google Now violates Siri patents (Wed, 22 May 2013 09:05:41 -0700)
Apple has updated an earlier lawsuit filed against Samsung with claims that the Galaxy S4 and its Google Now feature violate two Apple patents covering functions of its own virtual personal assistant, Siri. - Clearwire board approves revised Sprint offer (Wed, 22 May 2013 08:40:42 -0700)
Clearwire?s Board of Directors has approved a revised offer from Sprint to acquire a remaining 50% stake in the company. Sprint had - The HTC One Isn't Saving HTC from the Facebook Phone (Wed, 22 May 2013 08:26:34 -0700)
Despite all the glowing reviews of the HTC One, including all the reviews for the Samsung Galaxy S IV that ended up championing all the great things about the HTC One instead, HTC is currently falling apart ? at least in part because of "disastrous" sales that wiped the HTC First (aka the Facebook phone) on its way out of the market. Two top executives have quit amid the company's decline: HTC's chief product officer, Kouji Kodera, left last week, - Xbox One vs. PlayStation 4: PS4 wins on specs (Wed, 22 May 2013 08:15:27 -0700)
With the first round of announcements behind us, the only thing that?s clear in the inevitable and perpetual - LIVE CHAT with Xbox exec Larry Hryb aka Major Nelson! (Wed, 22 May 2013 08:09:02 -0700)
Got questions about the new Xbox? Ask Xbox Exec Larry Hryb aka Major Nelson anything you want at 4PM! - Video game maker Atari seeks court approval for sale of assets (Wed, 22 May 2013 08:07:33 -0700)
(Reuters) - Video game maker Atari Inc is seeking court approval for the sale of all its assets as it works its way out of bankruptcy protection. The company said on Tuesday it tried looking for a buyer with the help of its investment banker Perella Weinberg Partners, but was unable to find a "stalking horse," or initial bidder, acceptable to it. Atari has set a minimum bid of $15 million for the Atari brand. The company received a $5 million debtor-in-possession financing from Alden Global Value Recovery Master Fund LP. ... - Telefonica cuts handset prices to win back Spanish clients (Wed, 22 May 2013 08:06:27 -0700)
MADRID (Reuters) - Spanish telecoms operator Telefonica lowered prices on smartphones by between 15 and 30 percent in its domestic market on Wednesday to fight increasing competition in the recession-hit country. Telefonica, which stopped subsidizing handsets for new clients last year to save cash, lost over 700,000 mobile customers in the first quarter of the year as cheaper rivals, such as Yoigo, gained market share. ... - Video: Samsung shows how the Galaxy S4 is the perfect gadget for stalkers (Wed, 22 May 2013 07:40:21 -0700)
The message from Samsung?s newest video for the Galaxy S4 seems to be a variation of an old Nancy Sinatra tune: That is, ?This Phone is Made for Stalking.? A five-minute music video for the Galaxy S4 shows a lovestruck man following a woman around with his new Samsung smartphone and secretly filming her while she?s sitting in class and in the library. The man then longingly watches the videos he?s filmed of her while applying photo effects to her images using the Galaxy S4?s new camera software. The man eventually does work up the nerve to talk with the woman at a party and they apparently hit it off and start dating. Of course, we don?t know if she
