Regulators in California have come up with a proposed plan to raise more money to pay for expanding internet connectivity in the state by adding a text message surcharge to residents’ phone bills. The plan has been brought up by the state’s Public Utilities Commission, which would add a monthly text message-related fee to users’ …
Trump’s tax plan, we’re told, is going to cause a boom in jobs like we’ve never seen. With the money corporations will save from having their tax bill cut virtually in half, they’ll invest in American companies and American jobs, making America Great Again and putting all those coal miners back to work. Among the …
Apple, a company with a cash stockpile bigger than a medium-sized country’s GDP, stands to benefit massively from Trump’s tax plan. According to analysis from Citi seen by Business Insider, Trump’s proposed changes to the tax code would see Apple’s earnings per share and profits go through the roof — provided that it doesn’t actually have …
Apple has launched a formal appeal against a $14 billion tax ruling handed down earlier this year by the European Union. Apple has fought the decision since it was announced, painting Apple as a “convenient target” being used to generate “headlines” in the EU. At the heart of the claim is a dispute about where …
A criminal investigation into a senior exec at Apple’s European division has concluded with no jail time, but a rather hefty fine. Italian prosecutors have been investigating Apple’s tax dealings through Apple Sales International, the Irish-based unit that controlled much of Apple’s European profits. According to Reuters, a settlement has now been reached, with the potential …
New York on Thursday filed a lawsuit against Sprint Nextel Corp looking to collect more than $300 million, Reuters reported. The wireless company is accused of tax fraud for deliberately not collecting or paying more than $100 million in taxes over the past seven years. New York Attorney General Eric Schneiderman filed the complaint in …
An Oklahoma lawmaker has proposed levying a new tax on violent video games. Oklahoma Democrat Will Fourkiller has suggested the tax be applied to all games that receive an ESRB rating, which is intended for adults only. In addition, Fourkiller thinks T-Rated games should also have a tax added to the cost of the games, since some include …
Nokia’s local assets were seized by Romanian tax authorities on Friday after it was revealed the company’s Romania-based subsidiary owes the government $10 million, Bloomberg said Friday. “We decided to seize the assets as a precautionary measure to prevent Nokia from selling them before they pay their debt to the state,” head of Romania’s tax authority Sorin …
The United States House of Representatives approved the Wireless Tax Fairness Act on Tuesday, an initiative that prevents new local and state taxes on wireless bills for the next five years. “We need to encourage the development and adoption of wireless broadband, not tax it out of existence,” Representative Zoe Lofgren said. The average tax …
Microsoft has issued a statement describing Steve Ballmer’s plans to sell up to 75 million shares in order “to gain financial diversification and to assist in tax planning”. A sale this large is bound to ring alarm bells with shareholders, however Ballmer has cleared the air of any brewing conspiracy theories. “Even though this is …
