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Is Apple's tax avoidance rational?

May 21, 2013 at 17:12 | Source: BBC

Crikey. That was the word that ricocheted around my skull as I read the US congressional report into Apple Inc's tax arrangements. Here are a few choice quotes: Apple Inc established an offshore subsidiary, Apple Operations International, which ...

Apple used subsidiaries to dodge billions in taxes: US panel

May 21, 2013 at 17:12 | Source: The Hindu BusinessLine

Washington, May 21: Apple, the top US computer and smart phone manufacturer, used a complex web of offshore entities to avoid billions in taxes, a Senate panel has alleged.The electronics giant’s rootless subsidiaries had just one purpose: to ...

Spot fixing scandal not to impact brand IPL: Advertisers

May 21, 2013 at 17:05 | Source: Economic Times

NEW DELHI: With fresh details of alleged spot fixing hitting headlines almost everyday, advertisers and sponsors of the Indian Premier League (IPL) hope the scandal would not affect viewership of the tournament and impact its brand value. Multi Scree...

Sulphate aerosol cooling properties overestimated

May 21, 2013 at 16:52 | Source: DomainB

Sulphur dioxide forms sulfate aerosol particles in the air, which reflect sunlight and influence chemical processes within clouds, making them an important factor in climate models. Max Planck Institute for Chemistry researchers found that climate m...

Apple Inc used subsidiaries to dodge billions in taxes: US panel

May 21, 2013 at 14:12 | Source: Business Today

PHOTO: Associated Press A US Senate panel has alleged that top computer and smartphone manufacturer Apple Inc used a complex web of offshore entities to avoid billions in taxes.According to the report by the Permanent Subcommittee on Investigations,...

Yahoo's rise in Asia offsets risk from Tumblr bet

May 21, 2013 at 13:22 | Source: Economic Times

SAN FRANCISCO: Yahoo Inc Chief Executive Marissa Mayer's $1.1 billion acquisition of blogging service Tumblr will be a test of her ability to revive the aging Web portal. Luckily for her, her performance may be graded generously. Mayer faces plenty ...

IPL spot-fixing probe Live: SC to hear PIL on spot fixing

May 21, 2013 at 11:15 | Source: FirstPost

11.01 am: Another bookie arrested in ChennaiAccording to TV channels, IPL betting kingpin Prashanth has been arrested in Chennai. Rs 6 lakhs in cash has been recovered. Prasanth was arrested in 2002 in relation to a havala case.11.00 am: SC to hear P...

IPL spot-fixing probe Live: Police to oppose bail for 'uncooperative' Sreesanth

May 21, 2013 at 10:20 | Source: FirstPost

9.46 am: Police to seek further custody of Sreesanth as he is not cooperating with probeReports just coming in state that police will oppose former India pace bowler Sreesanth's bail application on the grounds that he is not cooperating with the inve...

Bookie made Rs 2.5 crore from Sreesanth over, says Delhi police chief

May 21, 2013 at 10:15 | Source: FirstPost

Chandresh Patel, the bookie who is alleged to have paid Sreesanth Rs 60 lakh to concede a predetermined number of runs in the 9 May game against Kings XI Punjab made Rs 2.5 crore from the over, according to Delhi Police Commissioner Neeraj Kumar.&quo...

Thomas Cook to put its commercial spaces on sale

May 21, 2013 at 09:30 | Source: DNA India

Travel and tour operator Thomas Cook (India) Ltd (TCIL) is selling some of its commercial spaces to raise money for working capital requirements. The company is understood to have roped in international property consultant (IPC) Jones Lang LaSalle (...

IPL spot-fixing probe Live: Sreesanth's police custody ends today, will he get bail?

May 21, 2013 at 09:18 | Source: FirstPost

9.19 am: Sreesanth's lawyers to apply for bail as police custody ends todayThe five-day police remand of Indian pacer S Sreesanth, the most high-profile among those arrested so far by the Delhi Police Special Cell in the sensational IPL spot-fixing s...

All FIRs have to go online by June 10, says state info chief

May 21, 2013 at 09:12 | Source: DNA India

You can soon get a copy of a first information report (FIR) after filing a complaint at the click of a button. State information commission (SIC) chief Ratnakar Gaikwad on Monday passed an order that all FIRs must be uploaded on the police force s w...

Yahoo confirms it's buying Tumblr for $1.1 bn, vows not to screw it up

May 21, 2013 at 07:30 | Source: FirstPost

San Francisco/New York:Yahoo Incwill buy blogging service Tumblr for $1.1 billion cash, giving the Internet pioneer a much-needed social media platform to reach a younger generation of users and breathe new life into its ailing brand.The deal, announ...

Yahoo’s Tumblr deal ‘long-shot, long-term’ bet

May 21, 2013 at 06:22 | Source: Market Watch

SAN FRANCISCO (MarketWatch) — Yahoo Inc.’s $1.1 billion deal for Tumblr was quickly viewed by analysts as a bold, potentially game-changing long-term bet, but one fraught with risks for a Web portal struggling with so many other challenges. Gett...

BSE Sensex, Nifty end lower; pharma stocks take hit

May 21, 2013 at 06:22 | Source: DomainB

Indian shares took a breather on Monday and closed marginally in red on profit booking after hitting fresh 2.5 year highs. Pharma companies dragged key equity benchmarks lower while major auto stocks ended in green. The Sensex closed at 20223.98, do...

Yahoo buying Tumblr for $1.1 billion, vows not to screw it up

May 21, 2013 at 04:15 | Source: FirstPost

SAN FRANCISCO/NEW YORK (Reuters) - Yahoo Inc(YHOO.O) will buy blogging service Tumblr for $1.1 billion cash, giving the Internet pioneer a much-needed social media platform to reach a younger generation of users and breathe new life into its ailing b...

Yahoo says Tumblr will boost revenue by 2014

May 21, 2013 at 03:52 | Source: BBC

Yahoo says its $1.1bn (£723m; 857m euros) purchase of blogging platform Tumblr will boost its revenue as soon as 2014. Yahoo's chief financial officer, Ken Goldman, made the claim during a call with analysts, although he did not give firm numbe...

Sebi set to get search authority

May 21, 2013 at 03:52 | Source: Calcutta Telegraph News

New Delhi, May 20: The government plans to arm Sebi with powers to carry out search and seizure operations and attach assets so that it can book the perpetrators of Ponzi schemes and stop other fraudulent activities. The regulator will also have the...

Apple 'among largest tax avoiders in US' - Senate committee

May 21, 2013 at 03:52 | Source: BBC

Apple has been accused of being among America's largest tax avoiders by a Senate committee. The committee said Apple had used a complex web of offshore entities to avoid paying billions of dollars in US income taxes. Apple chief Tim Cook will go...

Apple to argue for tax reform, defend tax practices

May 21, 2013 at 03:50 | Source: Economic Times

SAN FRANCISCO: Apple Inc will argue for a comprehensive corporate tax reform that will levy a "reasonable tax" on foreign earnings and is not dependent on a company's revenue when it goes before a Senate panel on Tuesday to explain its offshore tax ...

Nokia Lumia 720 Review
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