multinational corporations

multinational corporations

How Apple's Phantom Taxes Hide Billions In Profits

www.businessinsider.com
NEW YORK (AP) -- On Tuesday, Apple is set to report financial results for the second quarter. Analysts are expecting net income of $9.8 billion. But whatever figure Apple reports won't reflect its true profit, because the company hides some of it with an unusual tax maneuver. Apple Inc., already...
How Apple's Phantom Taxes Hide Billions In Profits

Silicon Valley, Meet Innovation From Great Rift Valley

readwrite.com
Across Africa, an innovation culture is starting to emerge. In Kenya, PesaPal piggybacks on the popular M-PESA mobile payments service, enabling Kenyans to buy and sell on the Internet. Tanzania's Techno Brain is selling software for managing businesses in 13 countries. And South Africa's Cobi Interactive, a mobile communications software...
Silicon Valley, Meet Innovation From Great Rift Valley

What Sony Should Have Announced

thenextweb.com
I’m not typically in the habit of telling large multinational corporations what they should do. It’s almost impossible to fathom the sheer number of moving parts that have to come together to launch a product like Sony’s PlayStation 4, for instance. But, as an exercise, I thought I’d try to...
What Sony Should Have Announced

3 Mindbending Ways Apple Dodged $13.8B In Taxes

techcrunch.com
Kudos to Apple’s finance lawyers, who are the Cirque Du Soleil of legal contortionism. On the eve of live testimony from CEO Tim Cook, CFO Peter Oppenheimer and Phillip Bullock, head of Apple’s tax operations, a scathing congressional investigation of Apple’s tax dodging strategy reveals how the computer giant avoided...
3 Mindbending Ways Apple Dodged $13.8B In Taxes

U.S. To Microsoft: I See You Might Be Trying To Bribe Someone

readwrite.com
U.S. regulators are investigating software giant Microsoft and its partners over alleged bribery schemes in China, Italy and Romania, according to the Wall Street Journal. The Justice Department and the Securities and Exchange Commission (SEC) are reportedly both investigating allegations that Microsoft received kickbacks in these three nations. No formal...
U.S. To Microsoft: I See You Might Be Trying To Bribe Someone

Apple Partners with Chinese Environmental Group for Supplier Audit

www.macrumors.com
While Apple has received much publicity for its partnership with the Fair Labor Association to audit working conditions at several of its manufacturing partners' facilities in China, Financial Times reports that the company has now also partnered with the Institute of Public and Environmental Affairs (IPE) for an environmental audit...
Apple Partners with Chinese Environmental Group for Supplier Audit

Lessons from the hack attack on The New York Times

www.csoonline.com
The New York Times' description of a cyberespionage campaign waged against the news media company by Chinese hackers demonstrates the importance of assuming criminals will eventually break into a computer system, and the best defense is to detect the intrusion as soon as possible. Last week, The Times disclosed...
Lessons from the hack attack on The New York Times
Dutch Sandwich with a side of tax relief may soon be off Google's menu
Forget Wall Street, Occupy shits to the iPhone 5 launch

Why should Apple have access to consumers if it refuses to pay its fair share of taxes?

www.guardian.co.uk
Countries are competing to provide the biggest tax breaks, the cheapest labour and the easiest regulation to attract the likes of Google, Apple and Amazon, to the disadvantage of their own citizens. But there is another wayThe chairman of a parliamentary committee investigating Google for tax avoidance calls the firm...
Why should Apple have access to consumers if it refuses to pay its fair share of taxes?
Apple CEO to testify to Congress on $100 billion cash stash, taxes, jobs

Etsy’s secret? The “Cult of Me”

tech.fortune.cnn.com
The online marketplace for handmade and vintage goods just scored another $40 million in venture funding. Here’s why it’s surging. [cnnmoney-byline src="By Doreen Lorenzo, contributor"] FORTUNE — It’s easy to see that many consumers are increasingly seeing themselves as creators, too. Companies that will launch successful products and services in...
Etsy’s secret? The “Cult of Me”

Apple’s Tim Cook meets with China’s vice premier Li Keqiang

www.washingtonpost.com
Apple chief executive Tim Cook met with China’s vice premier Li Keqiang on Tuesday, solidifying ties in one of the company’s fastest-growing markets. Cook met with Li to discuss intellectual property issues. According to the state-run news agency Xinhua, Cook and Li discussed how the Chinese government could work with...
Apple’s Tim Cook meets with China’s vice premier Li Keqiang

Silicon Valley Companies Adjust To A New Norm In Washington

www.fastcompany.com
When companies set up a lobbying presence in Washington, they tend to stay under the radar. There's much to learn there. But when Google arrived four years ago, it threw itself a debutante's ball at its hip D.C. digs--serving "YouTubes" (vodka cranberry shooters) to Washington's power set. The company was...
Silicon Valley Companies Adjust To A New Norm In Washington

Apple chief calls for US corporate tax to be cut to single digits

www.guardian.co.uk
Tim Cook warns Congress that he would refuse to repatriate $100bn stashed offshore unless US slashed its 35% tax rate Apple has called for US corporate tax rates be reduced to "single digits" after it admitted sheltering at least $30bn (£20bn) of international profits in Irish subsidiaries that pay no...
Apple chief calls for US corporate tax to be cut to single digits

Tim Cook to Testify In Front of Senate Committee Over Apple's Tax Practices

www.macrumors.com
Apple CEO Tim Cook will testify in front of the U.S. Senate Permanent Subcommittee on Investigation next week, Politico is reporting. The subcommittee is attached to the U.S. Senate Committee on Homeland Security and Governmental Affairs. The hearing, titled "Offshore Profit Shifting and the U.S. Tax Code - Part 2"...
Tim Cook to Testify In Front of Senate Committee Over Apple's Tax Practices

WikiLeaks 2.0: Time to be afraid?

tech.fortune.cnn.com
WikiLeaks is posting what it claims are 5 million emails that were apparently stolen from the computer system of Stratfor, a publisher of global intelligence. The implications could be enormous for Stratfor’s corporate clients, among others. FORTUNE — Just hours after WikiLeaks started publishing the 5 million emails it says...
WikiLeaks 2.0: Time to be afraid?

Gamifying the Executive Suite

www.readwriteweb.com
It’s easy to think of gaming as kids stuff, and the behavior-driving techniques honed by the gaming industry limited to getting the unwashed Internet masses to play Farmville or boost engagement in marketing campaigns. But it turns out that the same motivators that get the adrenaline pumping in a 15-year-old...
Gamifying the Executive Suite

Baidu and Ford cooperate on hackathon to produce Baidu Cloud apps for Sync AppLink

thenextweb.com
Chinese search giant Baidu has for the first time partnered up with another company on a hackathon. Ford was the lucky partner, as the two hosted an event over the weekend that used Baidu’s developer tools to build apps designed for the car maker’s Sync AppLink system. The 24-hour event featured individuals...
Baidu and Ford cooperate on hackathon to produce Baidu Cloud apps for Sync AppLink

Patents, Trademarks And Copyrights Have No Place In Trade Agreements

www.techdirt.com
As we've discussed before, one of the sneakier moves of the content industry (and, later, the pharmaceutical industry) was to jump into the international trade process, to circumvent national governments and to effectively force them into passing laws that they liked. We've been raising concerns about this whole process, and...
Patents, Trademarks And Copyrights Have No Place In Trade Agreements

David Cameron told to stop moralising to multinationals over tax

www.guardian.co.uk
CBI head and UK's largest employers descend on Downing Street amid claims tax row has been used as 'political football'The president of the CBI will this afternoon deliver a firm message from some of Britain's largest employers to David Cameron, calling on him to stop "moralising" on how multinational corporations...
David Cameron told to stop moralising to multinationals over tax

Senate report shows Apple avoided billions in taxes on foreign income

arstechnica.com
A new Senate report (PDF from The New York Times) shows that Apple has been employing potentially sketchy business methods to avoid heavier tax burdens. According to the investigation, the company did dodged billions in potential taxes on $44 billion in foreign income during the past four years. Some...
Senate report shows Apple avoided billions in taxes on foreign income

Putting Lives Before Patents: India Says Pricey Patented Cancer Drug Can Be Copied

www.techdirt.com
India has an interesting relationship with pharmaceutical patents. In 1970, India did away with drug patents entirely, believing it would help create a domestic drug industry. And it worked. As we discussed in the past: 2,237 licensed drug manufacturers in 1969-1970 grew to 16,000 by 1991-1993, production of drugs grew...
Putting Lives Before Patents: India Says Pricey Patented Cancer Drug Can Be Copied

Apple Says It Abides by Tax Laws, Loopholes and All

allthingsd.com
Asa Mathat / AllThingsD.comApple, like all multinational corporations, works hard to minimize its tax liability, but it is in full compliance with U.S. tax law and the tax laws in nations where its subsidiaries operate. That was the gist of Apple CEO Tim Cook’s testimony before the U.S. Senate’s Permanent...
Apple Says It Abides by Tax Laws, Loopholes and All

Vince Cable criticises foreign firms over tax

www.guardian.co.uk
Business secretary Vince Cable says chancellor should tackle multinationals which are 'abusing' UK tax systemThe chancellor should use his autumn statement next month to "get to grips" with growing evidence that multinational corporations are "systematically abusing" the UK tax system, business secretary Vince Cable said yesterday."Some of them do seem...
Vince Cable criticises foreign firms over tax

$17,000+ Bounty Offered For Leaks Of TPP Negotiating Texts

www.techdirt.com
We've talked about the ridiculous secrecy around the negotiating texts for the Trans Pacific Partnership (TPP) agreement. It makes no sense to have these documents secret and out of the view of the public, but it's what's happening. Because of that, we're forced to deal with very occasional leaks to...
$17,000+ Bounty Offered For Leaks Of TPP Negotiating Texts

Health Science: The Key to French Beauty, Coca-Cola?

www.wired.com
Photo: ShutterstockSoft drink manufacturer Coca-Cola has joined forces with pharmaceutical company Sanofi to create a line of drinks to ” aid health and beauty.” Kent Landers, spokesperson for the Coca-Cola Company, confirmed that the two multinational corporations would be working to develop and distribute a drinks range as part of...
Health Science: The Key to French Beauty, Coca-Cola?

Yes, You Can Have An Open And Transparent Treaty Negotiation For Intellectual Property

www.techdirt.com
We had mentioned along with the news that the WIPO treaty for the blind had been signed in Marrakech that it proved that -- contrary to the claims of the USTR -- that you don't need to keep negotiations of an intellectual property treaty secret. Sean Flynn has now expanded...
Yes, You Can Have An Open And Transparent Treaty Negotiation For Intellectual Property

Tech giants have power to be political masters as well as our web ones

www.guardian.co.uk
The Arab spring showed how multinationals can wield power without responsibility by controlling internet accessAmong all the excited commentary about the role of social networking in the Arab spring, one uncomfortable fact stands out: internet censorship and surveillance are alive and well in Tunisia and Egypt. They're being orchestrated and...
Tech giants have power to be political masters as well as our web ones

Funniest/Most Insightful Comments Of The Week At Techdirt

www.techdirt.com
If you woke up today thinking "darn, I sure wish there was more Techdirt on Sundays," then you're in luck—because we've got a fairly long post with a lot of great comments this week. First, on the insightful side, there was a tight race with the winner pulling ahead by...
Funniest/Most Insightful Comments Of The Week At Techdirt
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