Starlink broadband speeds will double to 300Mbps “later this year,” SpaceX CEO Elon Musk wrote on Twitter this week. SpaceX has been telling users to expect speeds of 50Mbps to 150Mbps since the beta began a few months ago. From a report: Musk also wrote that “latency will drop to ~20ms later this year.” This is no surprise, as SpaceX promised…
Tag: taxes
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…
Cryptocurrency Magnate’s Plan to Turn 67,000 Acres into Blockchain-Based ‘Smart City’
“A cryptocurrency company that owns 67,000 acres in rural northern Nevada wants state government to grant technology companies power to form local governments on land they own,” reports the Associated Press. Jeffrey Berns, CEO of Nevada-based Blockchains LLC, ultimately envisions “a city where people not only purchase goods and services with digital currency but also log their entire online footprint —…
Miami City Council Agrees to At Least Study Mayor’s Bitcoin Proposal
Miami’s mayor Francis Suarez is trying to attract tech talent to his city. (The New York Times recently noted he’s joined by “a few venture capital influencers trying to tweet the city’s startup world into existence.”) So he’s still pushing a proposal to use bitcoin in a few city operations as “part of a larger play if you will to position…
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…
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…
Is There a Tech Worker ‘Exodus’ From the San Francisco Bay Area?
The New York Times reports on an “exodus” of tech workers from the San Francisco Bay Area, where “Rent was astronomical. Taxes were high. Your neighbors didn’t like you” — and your commute could be over an hour. The biggest tech companies aren’t going anywhere, and tech stocks are still soaring… But the migration from the Bay Area appears real. Residential…
US Says India, Italy, and Turkey Digital Taxes Are Discriminatory, But Won’t Take Any Actions For Now
Digital services taxes adopted by India, Italy, and Turkey in recent years discriminate against U.S. companies, the U.S. Trade Representative said on Wednesday. From a report: USTR, which began investigations into the three nation’s digital services taxes in June last year, said it found them to be inconsistent with international tax principles, unreasonable, and burdening or restricting U.S. commerce. In its…
‘Companies Are Fleeing California. Blame Bad Government.’
Bloomberg Editorial Board: Amid raging wildfires, rolling blackouts and a worsening coronavirus outbreak, it has not been a great year for California. Unfortunately, the state is also reeling from a manmade disaster: an exodus of thriving companies to other states. In just the past few months, Hewlett Packard Enterprise said it was leaving for Houston. Oracle said it would decamp for…
Global Digital-Tax Detente Ends, as US and France Exchange Blows
Detente is ending in the global fight over tech taxes. Earlier this year, France agreed to suspend collection of a tax on digital revenue from large technology companies such as Facebook, Amazon and Alphabet’s Google. Meanwhile, the U.S. delayed the application of tariffs it was putting on French goods in retaliation for the tax. But now France has resumed collecting what…