Google Joins Apple Avoiding Taxes With Stateless Income – Bloomberg Bloomberg Google Joins Apple Avoiding Taxes With Stateless IncomeBloombergU.S. Senate scrutiny of Apple Inc. (AAPL)'s tax strategies turned the spotlight on a unit with $ 30 billion in profit since 2009 that's incorporated in Ireland, controlled by a board in California, and doesn't pay taxes [...]
Aznar Challenges Rajoy to Cut Taxes for Spain’s Middle Class – Bloomberg Aznar Challenges Rajoy to Cut Taxes for Spain's Middle ClassBloombergRajoy has faced dissent within his party since raising income taxes in breach of his 2011 election promises to meet European budget demands. With an economy in recession, his government is forecasting unemployment will [...]
Apple’s Taxes Expose the Rotten US Code – Bloomberg Bloomberg Apple's Taxes Expose the Rotten US CodeBloombergWhen Apple Inc.'s chief executive officer, Tim Cook, bragged to a U.S. Senate subcommittee this week about his company's culture of innovation, he probably hoped people would think of Apple's gadgets, not its tax strategies. That seems unlikely, at [...]
Poland Shale Boom Falters as State Targets Higher Taxes: Energy – Bloomberg Bloomberg Poland Shale Boom Falters as State Targets Higher Taxes: EnergyBloombergPoland's shale gas boom is threatened even before it gets started after some wells failed and the government sought to increase taxes on profits. Of 39 wells planned for 2013, just two were [...]
LA Votes on Shrinking Medical Pot Shops, Boosting Taxes – Bloomberg LA Votes on Shrinking Medical Pot Shops, Boosting TaxesBloombergLos Angeles, which has so many medical-marijuana shops that officials have lost count, is asking voters to set limits and raise taxes on cannabis. The measures on the ballot today include a city plan to limit [...]
Ruble Rises Most in Three Weeks to Dollar as Companies Pay Taxes – Bloomberg Ruble Rises Most in Three Weeks to Dollar as Companies Pay TaxesBloombergRussian companies will probably pay about 200 billion rubles ($ 6.4 billion) of taxes today, according to Dmitry Polevoy, chief economist at ING Groep NV in Moscow. A further 100 [...]
Rajoy Pledges to Cut Taxes by 2015, Predicting Growth for Spain – Bloomberg Rajoy Pledges to Cut Taxes by 2015, Predicting Growth for SpainBloombergPrime Minister Mariano Rajoy pledged to cut taxes in Spain before the next election, due in 2015, as he forecast a return to growth for the euro area's fourth-largest economy. “I'm not [...]
Puerto Rico Governor Weighs Raising Taxes for Highway Agency – Bloomberg Puerto Rico Governor Weighs Raising Taxes for Highway AgencyBloombergPuerto Rico Governor Alejandro Garcia Padilla is considering raising taxes on oil products and increasing license fees on luxury cars to support $ 2.2 billion of planned borrowing this year that will help shore up the [...]
Hollande Thanks France’s Rich for Their Taxes After First Year – Bloomberg AFP Hollande Thanks France's Rich for Their Taxes After First YearBloombergWhile Hollande's original plan to tax earnings of more than 1 million euros ($ 1.29 million) at 75 percent was thrown out by a French court, he still plans such a levy on [...]
JPMorgan presses Bloomberg on reporters’ access to data By David Henry NEW YORK (Reuters) – JPMorgan Chase & Co , one of the biggest customers of Bloomberg LP, said on Wednesday it has sent a formal legal request asking the financial data and news company to provide details of what bank information Bloomberg News reporters [...]