The U.S. has dropped a key demand in negotiations over digital taxation of technology companies such as Alphabet’s Google and Facebook, lifting a barrier that had raised transatlantic trade tensions and prevented an international deal. From a report: Treasury Secretary Janet Yellen told her counterparts at a virtual meeting of Group of 20 finance officials that the U.S. is no longer…
Tag: tax
Anthony Levandowski Closes His Church of AI
The first church of artificial intelligence has shut its conceptual doors. From a report: Anthony Levandowski, the former Google engineer who avoided an 18-month prison sentence after receiving a presidential pardon last month, has closed the church he created to understand and accept a godhead based on artificial intelligence. The Way of the Future church, which Levandowski formed in 2015, was…
Top Banks Join Linux and Open-Source Patent Protection Group
ZDNet reports:
When it comes to defending the intellectual property (IP) rights of Linux and open-source software, global leading banks aren’t the first businesses to come to mind. Things have changed. Barclays, the London-based global corporate and investment bank, and the TD Bank Group, with its 26-million global customers, have joined the leading open-source IP defense group, the Open Invention Network (OIN)….
Silicon Valley-backed Groups Sue Maryland To Kill Country’s First-Ever Online Advertising Tax
Top lobbying groups backed by Amazon, Facebook, Google and other technology giants sued Maryland on Thursday, seeking to scuttle a new state tax on their massive online-advertising revenue — and stop other local governments from following its lead. From a report: The legal challenge contends that Maryland’s first-in-the-nation tax is unfair, unconstitutional and incompatible with federal laws that prohibit state policymakers…
Nevada Department of Education Has No Direct Say In Who Gets Tesla’s $37.5 Million K-12 Donation
theodp writes: The Nevada Legislature in 2014 approved a $1.3 billion tax break — the largest tax break in the history of the state — to woo Tesla into locating its battery factory in Northern NV. In return, Tesla made a $37.5 million pledge to support K-12 education ($7.5M annually, for 5 years, beginning in 2018). Lawmakers are now expressing surprise…
How the NSA’s Hubris Left America Vulnerable
A new book promises “the untold story of the cyberweapons market — the most secretive, invisible, government-backed market on earth — and a terrifying first look at a new kind of global warfare.” Its author — a New York Times cybersecurity reporter — shares the book’s story about David Evenden, a former National Security Agency analyst who later worked in Abu…
To Re-Enable Flash Support, South Africa’s Tax Agency Released Its Own Web Browser
“The South African Revenue Service (SARS) has released this week its own custom web browser,” reports ZDNet, “for the sole purpose of re-enabling Adobe Flash Player support, rather than port its existing website from using Flash to HTML-based web forms.” To prevent the app from continuing to be used in the real-world to the detriment of users and their security, Adobe…
‘Terms of Service’ Agreements Are Unbalanced, Need Reforming, Urges New York Times
“The same legalese that can ban Donald Trump from Twitter can bar users from joining class-action lawsuits,” warns the official Editorial Board of the New York Times, urging “It’s time to fix the fine print.” [Alternate URL here] [M]ost people have no idea what is signed away when they click “agree” to binding terms of service contracts — again and again…
More Companies Are Joining ‘Tech Exodus’ From California
This week Digital Reality data center services announced it was also relocating its headquarters from the San Francisco Bay Area to Texas, citing factors like a low cost of living and “supportive business climate”. (Though it will still maintain a “significant” presence in the Bay Area.) And Align Technology (makers of the Invisalign orthodontic dental aligners) also announced it had relocated…
Are We Slowing Global Warming?
This week New York Magazine featured a new article by journalist David Wallace-Wells about the state of the fight against global warming. He warns that “Already, the planet is warmer, at just 1.2 degrees, than it has ever been…” But there’s also some good news:
Just a half-decade ago, it was widely believed that a “business as usual” emissions path would bring…