Autumn Statement 2014: Google Tax set to raise £1bn from companies shifting profits overseas December 3, 2014 Starbucks, Apple and Google will pay higher UK taxes under a new tax that looks to stem the tide of multinational companies shifting profits to overseas tax havens. The Diverted Profits Tax, already dubbed the Google Tax, is set to raise over £1bn over the next five years by applying a 25 per cent tax [...]
Next Google glass has something new inside December 1, 2014 Google is expected to turn to chipmaker Intel to power the second generation of its Glass computer headset expected to launch next year. Glass originally launched in 2012, but has as yet failed to gain sales traction with its £1,000 price tag and nerdy appearance. Intel plans to promote Glass to a business audience, according [...]
As the European Parliament votes to break up Google, is it politicising competition law? November 27, 2014 Philip Booth, professor of insurance and risk management at Cass, and editorial and programme director at the Institute of Economic Affairs, says Yes. Taking competition action against innovative industries is bad policy – unless the EU wants a stagnant economy. Google is operating in a sector where change happens very quickly, and dominant firms that [...]
EU votes to break up Google (but it won’t happen) November 27, 2014 As hypothetical votes go, this is a big 'un. The European parliament has passed a resolution calling for Google to spin off its search engine business, in a pointed show of disapproval at the US search giant's practices. Although the resolution doesn't mention Google by name, the catchily-titled "resolution on supporting consumer rights in the [...]
Ex-banker reaches settlement with Google over removal of ‘vile and abusive’ internet posts November 24, 2014 An ex-banker has reached a settlement with Google over "vile and abusive" internet posts, having previously argued that the firm should do more to remove them. Daniel Hegglin, a British businessman who used to for work Morgan Stanley, had been targeted by an anonymous internet troll and wrongly called a paedophile and a Ku Klux [...]
Google under threat from EU Parliament as MEPs prepare non-binding resolution November 22, 2014 The world's biggest search engine could soon find its European operations under threat from the EU parliament thanks to antitrust regulations. A non-binding resolution is being assembled to break up Google's European operations, according to documents seen by Reuters. The measures are being prepared by EU politicians to counter the alleged power and dominance of [...]
GoDaddy pushing ahead with $4.5bn IPO as Google announces plan to enter its domain November 20, 2014 GoDaddy.com is pushing ahead with an initial public offering (IPO) early next year that would value the world’s biggest domain registration service at roughly $4.5bn (£2.9bn). A report yesterday in the New York Post said that chief financial officer Scott Wagner met analysts last week to give an update on GoDaddy since it first filed [...]
Google executive Alan Eustace breaks Felix Baumgartner’s parachute jump record October 25, 2014 A 57-year-old Google executive has broken the world altitude record with a parachute jump from the top of the stratosphere. Alan Eustace, a senior-vice president at Google, beat the 2012 record set by daredevil Felix Baumgartner with a jump from 135,000 feet over Roswell, New Mexico. After making a two hour ascent attached [...]
Islamic State terror plot: Four London men accused of swearing allegiance to IS and using Google Street View for “hostile reconnaissance” October 17, 2014 Scotland Yard has announced that four London men have been charged with intention to commit acts of terrorism. The men have been of accused of swearing an oath to the terror group Islamic State. Furthermore, it is alleged the men were attempting to buy a pistol furnished with silencer. Scotland Yard said the men are [...]
Google share price down: Results fail to impress despite 20pc hike in revenue October 16, 2014 Google’s quarterly results have failed to meet Wall Street expectations, despite revenue growing by 20 per cent to $16.5bn (£10.3m) in the three months to 30 September, compared with $13.8bn posted last year. Analysts polled by Thomson Reuters said they were looking for revenue of $16.6bn in the third quarter. Meanwhile, expenses were up to [...]