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Warner Bros. unveils plan to stream MLB Playoffs, NBA, more on Max
Warner Bros. unveils plan to stream MLB Playoffs, NBA, more on Max
Warner Bros. is offering a chance for fans to watch the MLB Playoffs, NBA, NHL and more streaming on Max.
2023-09-20 06:45
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
UK Pledges £58 Million to Support Food Security in Nigeria
UK Pledges £58 Million to Support Food Security in Nigeria
UK Foreign Secretary James Cleverly on Wednesday announced a 58 million pound ($73 million) aid package to boost
2023-08-02 23:20
Survey Reveals: Employers Using AI and Automation Technologies Screen, Interview Talent Faster
Survey Reveals: Employers Using AI and Automation Technologies Screen, Interview Talent Faster
PHILADELPHIA--(BUSINESS WIRE)--Jun 29, 2023--
2023-06-29 21:51
How to Level Up Weapons Fast in MW3
How to Level Up Weapons Fast in MW3
To level up weapons fast in MW3, players must complete Daily Challenges, use Double XP Tokens, and play Ground War to farm XP before Modern Warfare 3 Season 1.
2023-11-28 01:29
HyperX Announces Cloud III Gaming Headset
HyperX Announces Cloud III Gaming Headset
FOUNTAIN VALLEY, Calif.--(BUSINESS WIRE)--May 30, 2023--
2023-05-30 18:18
Westinghouse and Bechtel Solidify Project Team for AP1000® Nuclear Power Program in Poland
Westinghouse and Bechtel Solidify Project Team for AP1000® Nuclear Power Program in Poland
WARSAW, Poland--(BUSINESS WIRE)--May 25, 2023--
2023-05-26 00:45
Apex Legends Ignite Patch Notes: All Weapon Buffs and Nerfs Explained
Apex Legends Ignite Patch Notes: All Weapon Buffs and Nerfs Explained
The Apex Legends: ignite patch notes consist of multiple weapon buffs and nerfs to the Hemlok, Charge Rifle, and Bocek Bow coming on Oct. 31.
2023-10-31 02:49
Cordoniq Wins 2023 TMCnet Teleworking Solutions Excellence Award
Cordoniq Wins 2023 TMCnet Teleworking Solutions Excellence Award
SYRACUSE, N.Y.--(BUSINESS WIRE)--Sep 12, 2023--
2023-09-12 18:23
Germany Brings Back Mothballed Coal Plants to Help Keep Lights On
Germany Brings Back Mothballed Coal Plants to Help Keep Lights On
Germany will bring several mothballed coal plants back to the market this winter to ensure that Europe’s largest
2023-10-04 20:49
Q4 Inc. Wins Multiple Stevie® Awards in 2023 International Business Awards® Program
Q4 Inc. Wins Multiple Stevie® Awards in 2023 International Business Awards® Program
TORONTO--(BUSINESS WIRE)--Aug 15, 2023--
2023-08-15 20:25
Tweetdeck down: Major Twitter client not working amid chaos on site
Tweetdeck down: Major Twitter client not working amid chaos on site
TweetDeck, a major Twitter client, has stopped working properly. The app is seemingly a victim of the same problems that have meant that Twitter has not been loading properly in recent days. Over the weekend, Twitter owner Elon Musk announced that the site would be limiting the number of posts that users could see. He indicated that the change was meant to stop bots scraping the tweets posted on the platform, though some have suggested that the problem could have other causes. The site also cut off the ability to read tweets without a login. The changes were described as a “temporary emergency measure” by Mr Musk, who said that bots on the platform had degraded the user experience. It has plunged the site into chaos as users look to deal with the ration on the number of posts, as well as a number of apparently linked problems. One of those issues is that TweetDeck is failing to work properly. Some reported that the app was unable to load tweets at all, while others found that they might initially show and then disappear, or that specific columns were not working. TweetDeck is a power user tool that is used by companies to manage multiple accounts, and by those who look to follow updates on the site through its columns and other tools. While a relatively small number of people may use the site, that includes some of those who post and follow prolifically. It is unclear whether the outage is linked to either the restrictions on the number of posts, or removing the option to view posts without being logged in. Experts have suggested that both changes appear to have been made in a rushed and haphazard way, and so might have accidentally broken other parts of the site. TweetDeck does not have an official status account. While Mr Musk has been giving ongoing updates on the situation on the main Twitter site in recent days, he has not mentioned the outage on TweetDeck. The app has been largely neglected for years. The last major announcement was that the TweetDeck Mac app would be closed down, in June 2022, before Mr Musk took over the site. In the time since, Mr Musk has made changes that have taken other third-party clients offline. Though TweetDeck was founded as an independent service, it has since been bought by and integrated into Twitter, presumably meaning it was able to avoid those initial problems in accessing Twitter’s data. Some rumours have also suggested that TweetDeck could become paid-for, or part of Twitter’s premium “Blue” offering. But the company has offered few official updates on its future at all. Read More What Twitter’s ‘rate limit’ message means and why Elon Musk has imposed restrictions Jack Dorsey calls for ‘open internet’ as Musk imposes new reading limits on Twitter Twitter limits number of tweets people can read in a day
2023-07-03 21:58