taxes
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San Francisco ‘IPO Tax’ Targeting Tech Giants On Track For November Vote
Happy IPO day to Uber, the Silicon Valley giant whose long-term plan to deal with unhappy drivers is to replace them with robots that won’t worry about details like wages and health insurance.
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Here’s How Much Weed Apple Could Buy With Its $245 Billion Cash Pile, And Other Useless Calculations
Tech giant Apple last year took advantage of Republican tax cuts to announce it was bringing home a hoard of $352 billion it had stashed overseas at a meager 15.5 per cent tax rate $140 billion of which it later said would go to stock buybacks). As of Tuesday, when the company announced its first-quarter…
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Apple Begrudgingly Agrees To Pay Ireland $20 Billion In Back Taxes
Apple, whose CEO Tim Cook likes to talk a big game about how the tech industry should be more socially responsible while overseeing an international tax-avoidance regime that puts Scrooge McDuck’s gold-filled vault/swimming pool to shame, has agreed to repay Ireland €13 billion ($20 billion) in unpaid taxes, the Wall Street Journal reported.
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European Finance Ministers Want To Force Tech Companies To Start Paying More Taxes
An Apple advertisement in Paris. Photo: AP US tech giants like Google, Amazon, Apple and Facebook which do business in the European Union have long avoided paying billions in taxes on their European operations through, uh, creative use of tax laws. That all might come to an end soon, if a group of member countries…