Rockstar North, the Edinburgh-based developer of Grand Theft Auto, has paid no corporation tax over the past 10 years, despite making billions in revenue for its parent company Take-Two Interactive, while claiming more than $52m in tax relief. From a report: A report from the investigative thinktank TaxWatch UK estimates Rockstar Games’ operating profit at $5bn between 2013 and 2019, during…
Tag: tax
John McAfee Released From Jail in the Dominican Republic
An anonymous reader quotes the New York Post:
John McAfee of antivirus software fame has arrived in London from the Dominican Republic, where he had been detained for several days with his wife and several others for entering the Caribbean nation with a cache of weapons on his yacht, his lawyer said Friday. Authorities “asked him where he wanted to go, and…
Trump Says US To Hit France With ‘Substantial’ Action For Digital Tax
President Donald Trump said today the U.S. would hit France shortly with a “substantial reciprocal action” after Paris announced a tax aimed at U.S. technology companies. He said: “If anybody taxes them, it should be their home country, the USA. We will announce a substantial reciprocal action on Macron’s foolishness shortly,” Trump tweeted, referring to French President Emmanuel Macron. “I’ve always…
IRS Sending Warning Letters To More Than 10,000 Cryptocurrency Holders
The Internal Revenue Service has begun sending letters to more than 10,000 cryptocurrency holders, warning about penalties for failing to report income and pay tax on transactions involving virtual currencies. From a report: The agency expects its mailing to be completed by the end of August [Editor’s note: the link may be paywalled; alternative source]. It is sending three variations of…
Facebook Revenue Beats Estimates; Discloses Antitrust Probe
Facebook said on Wednesday that new data privacy rules and forthcoming privacy-focused product changes would slow its revenue growth and significantly raise expenses, driving down its shares in after-hours trade even as quarterly revenue topped estimates. Reuters reports: The outlook came soon after the company agreed to pay $5 billion to settle a data privacy probe and disclosed that it faces…
Tinder Bypasses Google Play Joining Revolt Against App Store Fee
Tinder has joined a growing backlash against app store taxes by bypassing Google Play in a move that could shake up the billion-dollar industry dominated by Google and Apple. From a report: The online dating site launched a new default payment process that skips Google Play and forces users to enter their credit card details straight into Tinder’s app, according to…
Trending Business Skills
From AI to the cloud, technology is changing the future of business. To help you explore how these technologies and more can transform the way you work, we’ve rounded up some of the newest business Specializations and courses from top universities and companies on Coursera. See how blockchain is impacting the world of business from […]
The post Trending Business Skills appeared…
Is Russia Trying to Deanonymize Tor Traffic?
A contractor for Russia’s intelligence agency suffered a breach, revealing projects they were pursuing — including one to deanonymize Tor traffic. An anonymous reader shared this report from ZDNet: The breach took place last weekend, on July 13, when a group of hackers going by the name of 0v1ru$ hacked into SyTech’s Active Directory server from where they gained access to…
Microsoft’s Q4 Earnings and 2020 Expectations Are Through the Roof
Slashdot reader John Nautu shares a report from Windows Report: Microsoft released their Q4 earnings and it’s (almost) all good news. The giant registered amazing growth on all departments, increasing its share price by one third. It was a record fiscal year for Microsoft, and the numbers exceeded all expectations: – Revenue was $33.7 billion and increased 12%
– Operating income was…
TurboTax Started Charging the Disabled, Unemployed and Students To Make Up For Trump Tax Law
The 2017 tax overhaul directly threatened the lucrative business of Intuit, the maker of TurboTax, so it pushed students, the disabled, and unemployed to a paid tier to make up for the lost profits. ProPublica reports: Although the company draws in customers with the promise of a “free” product, its fortunes depend on getting as many customers as possible to pay….