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  • The Irish loophole behind Apple's low tax bill

    Apple Operations International, a subsidiary of Apple Inc, is seen in Hollyhill, Cork, in the south of IrelandBy 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 profits into Irish-incorporated subsidiaries that had "no declared tax residency anywhere in the world. ...


  • UK opposition party leader says Google tax behavior "wrong"

    Britain's leader of the opposition Labour party Ed Miliband speaks at the Google big tent event on the outskirts of LondonBy Andrew Osborn LONDON (Reuters) - Google Inc's tax affairs came under renewed scrutiny in Britain on Wednesday when the leader of the opposition Labour party accused the Internet company of wrongly going to "extraordinary lengths" to avoid paying tax. In comments designed to politically outflank Prime Minister David Cameron ahead of next month's G8 summit on what has become a high-profile issue, Ed Miliband, the Labour leader, said he was disappointed that Google paid so little tax. "I can't be the only person here who feels disappointed that such a great company as Google ... ...


Financial news

  • Insanely durable smartphone ... from Caterpillar?
    Watch out Apple and Samsung? Caterpillar launched a drop-proof, water-proof, dust-proof smartphone Monday that you actually wouldn't be embarrassed to carry around with you.
  • Stocks: Looking to Bernanke
    All eyes are on Ben Bernanke and the Federal Reserve Wednesday as investors await clues about whether the central bank will continue to pump money into the financial system.
 
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