Ireland agrees to appeal against €13bn Apple tax repayment demand from EU September 2, 2016 Ireland's coalition government has agreed to appeal against a multi-billion-euro back tax demand that the European Commission slapped on iPhone maker Apple earlier this week, after independent members of the Cabinet gave their backing. "A motion will come before the Dail (the Irish parliament) on Wednesday seeking an endorsement of that decision," a government spokesman said. On Tuesday, [...]
Samsung stops selling Galaxy Note 7 and issues recall after reports of spontaneous explosions September 2, 2016 South Korean smartphone manufacturer Samsung is pulling its latest handset off the shelves – due to a risk of spontaneous combustion. The product recall was prompted by reports of phone batteries exploding. “Samsung is committed to producing the highest quality products and we take every incident report from our valued customers very seriously. In response to recently [...]
Fancy a career change? These are the best paying jobs in the world’s top cities, according to Emolument September 2, 2016 If you're looking to make a change in your career, it might be worth considering a move abroad, and more specifically, heading for the Big Apple. New York is where the highest paying roles can be found, according to research from salary-benchmarking site Emolument.com, which has analysed 5,162 pay data points for professionals working in New [...]
EMBARGOED: Scrap archaic corporation tax now to avoid another fiasco over payments, says IEA (relevant given Apple and Google?) September 1, 2016 NULL
“Total political crap”: Tim Cook’s damning verdict on the EU Apple tax ruling September 1, 2016 Tim Cook has lashed out at the EU's decision to recover a decade's worth of back taxes from Apple, calling it "total political crap" and accusing Europe of anti-US sentiment. The chief executive said Ireland is being picked on and that both have played by the rules in an interview with the Irish Independent. "They just picked [...]
What does the future hold for mutant equity crowdfunding? September 1, 2016 For the first time since the industry emerged in 2011, according to Beauhurst data, the number of successful equity crowdfunding campaigns fell in the first half of this year. It is therefore an appropriate moment to reassess what the sector’s future may look like. Equity crowdfunding platforms have a simple business model: they enable companies to raise [...]
Ireland pushes Apple appeal decision back to Friday August 31, 2016 Ireland's government is yet to reach a consensus on whether to appeal yesterday's European Commission ruling on Apple's tax bill, it was revealed this evening. The cabinet will now meet on Friday to discuss the issue further. The European Competition Commission has presented the technology giant with a tax bill for €13bn (£11.1bn), and dragged the Irish government into the [...]
Before the bell: What you need to know before the US market open August 31, 2016 Global economic headwinds are increasing and Eurozone inflation data has proven a disappointment. Here's what you need to know before the US market open at 2:30pm London time. US market futures are more-or-less flat ahead of the open. The S&P is down by 0.02 per cent, the Nasdaq is flat, and the Dow is 0.04 per [...]
The UK will leave the Single Market as free movement must stop, former chancellor Lord Nigel Lawson says August 31, 2016 The free movement of people throughout the European Union to the United Kingdom should be stopped even if it entails leaving the Single Market, Lord Nigel Lawson has said. Lawson said that people voted in large part for Brexit due to immigration, and as such the UK must move away from the doctrine of free [...]
The BBC iPlayer loophole is closing tomorrow: Here’s what you need to know August 31, 2016 The law around the licence fee is changing tomorrow. It is now illegal to watch BBC programmes on demand, including on the iPlayer, without paying the £145.50 annual fee. Here is what you need to know: Do I need to do anything if I already have a licence? No. If your household is already covered [...]