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The Irish loophole behind Apple's low tax bill
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 p......
Apple CEO makes no apology for company's tax strategy
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 Subcommitte......
UK opposition party leader says Google tax behavior 'wrong'
By Andrew Osborn LONDON (Reuters) - Google Inc's tax affairs will come under renewed scrutiny in Britain on Wednesday when the leader of the opposition Labor party accuses the Internet company of wrongly going to "extraordinary lengths" to avoid paying tax. In comments designed to politically outflank Prime Minister David Cameron ahe......
New Xbox: What?s Better, What?s Missing
Eight years after the debut of the Xbox 360, Microsoft has announced the Xbox One.
Is Sony un-Japanese enough to entertain change?
By Tim Kelly TOKYO (Reuters) - Few foreign activist investors have made much headway in forcing change in Japan, where a conservative corporate culture favors long-standing ties with banks, business partners and workers rather than shareholders seeking value. Struggling electronics giant Sony Corp, though, with more foreign and fewer bank sharehold......
Microsoft unveils Xbox One with Spielberg, Activision tie-up
By Bill Rigby and Malathi Nayak REDMOND, Washington (Reuters) - Microsoft Corp unveiled the "Xbox One" on Tuesday, its first new gaming console in eight years, and its strongest push so far to dominate consumers' living rooms with an array of exclusive media content. The Xbox One took four years to develop and will be the launchpad f......
Intel CEO shakes up units, creates 'new devices' group
By Noel Randewich SAN FRANCISCO (Reuters) - Intel Corp's new chief executive, Brian Krzanich, has launched a sweeping company reorganization and created a unit aimed at growing its market share in mobile technology. The shakeup, announced internally just days after the 30-year veteran took the helm, places most of the main product groups of th......
New iPhone apps worth downloading: Melt, MONTAJ update, Bombcats
First up today is Melt, a social networking app that lets you exchange photos with random people around the world.MONTAJ, our second app today, makes creating and sharing videos easy and quick, offering filters and some editing capabilities. Finally, Bombcats puts a new spin on physics puzzlers by including exploding cats.
Apple case seen as possible spur to tax action
WASHINGTON (AP) ? Now that tech darling Apple Inc. has been dragged front and center into the debate over the U.S. tax code, lawmakers are hoping that the spotlight on such a high-profile company could be the catalyst for Congress to take action to close loopholes or reform the law.
How cloud services could save Microsoft from sinking PC sales
We all know that the PC industry is in dire straits at the moment, which has naturally led to speculation that Microsoft could also soon find itself in big trouble. But while Microsoft?s struggles to establish itself in the mobile consumer device market are well-documented, the company still has an ace up its sleeve in the form of enterprise cloud ......
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