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As expected, Ireland's Finance Minister Michael Noonan on Tuesday announced a planned end to tax breaks fostering the so-called "Double Irish" accounting scheme, which has been used by multinational corporations like Apple to save billions of dollars. Apple's headquarters in Cork, Ireland, via Flickr user Sigalakos. According to the New York Times, Ireland will close the loophole by 2015 for new companies, while those currently leveraging the strategy will have until...
Tech workers in a case accusing Apple, Google, Adobe and Intel of entering anti-poaching agreements asked a U.S. appeals court on Tuesday to reject the companies' settlement offer, which was previously denied by U.S. District Court Judge Lucy Koh. Anti-poaching suit's Class Representative Michael Devine. | Source: The New York Times In a court filing on Tuesday, a class of plaintiffs in the ongoing High-Tech Employee Antitrust Litigation requested that a federal appeals...
Female employees working at Apple will soon be offered a fertility benefit of up to $20,000 to put toward freezing their eggs, which advocates say gives women the freedom to seek career advancement without worrying about future family plans. Apple's program, which starts in January, will join a similar initiative already in operation at fellow tech giant Facebook, reports NBC News. The two companies are thought to be the first major corporations to offer such benefits...
Scrutiny over beleaguered Apple supplier GT Advanced Technologies continues to grow, with a new report highlighting that another high ranking official at the company sold nearly $2 million in stock after signs of trouble at its sapphire plant began to arise. GT Advanced Technologies' sapphire plant in Mesa, Ariz. The sale of shares by Chief Operating Officer Daniel Squiller came after problems began to spring up at the Mesa, Ariz., sapphire plant, according to The Wall...
On the heels of last month's cancelation of Macworld's print magazine, IDG announced on Tuesday that the long running 2015 Macworld/iWorld conference, formerly known as the Macworld Expo, has also been canceled, marking the end of an era. Macworld/iWorld in 2013, its 29th year. In making the announcement, IDG World Expo characterized the annual Macworld show as being "on hiatus," but offered no details about any events beyond 2015. The Macworld/iWorld 2015 expo had...
The August Smart Lock, created by famed designer Yves B?har, is now available at retail through a partnership with Apple, which is selling the HomeKit-connected device at all of its locations across the U.S. Availability of the August Smart Lock lineup at Apple Stores was announced on Tuesday. The units, which sell for $249.99, are said to be available in Apple's retail locations across the U.S. starting this week. For now, it appears that the August Smart Lock is...
Smartwatch-based digital wallets -- like Apple's integrated Passbook and Apple Pay systems -- could face an uphill battle in Europe, survey data released on Tuesday suggests, as consumers on the Old Continent seem to eye such devices with relative suspicion, compared to more interest among American and Chinese consumers. Just 20 percent of German consumers and 27 percent of their U.K. counterparts are interested in using a contactless payment system built into a...
In addition to a new permanent fixture in Manhattan, Amazon will be dabbling in the retail market with a pair of new temporary locations in San Francisco and Sacramento this holiday season to push sales of its hardware, the company has confirmed. Amazon plans to use its stores to push sales of its own hardware, like the Fire Phone. Amazon's new San Francisco "pop-up kiosk," set to be located downtown at Market Street and Fifth Street, was first revealed by GeekWire. The...
A thread on Reddit late Monday linked to a cache of Dropbox usernames and corresponding passwords allegedly gleaned from a Dropbox breach, but the company maintains its servers were not infiltrated and instead placed blame on an unnamed third-party service. Along with the approximately 400 usernames and passwords posted to Pastebin in plain text, hackers claimed to be in possession of access data for up to 7 million accounts taken directly from Dropbox servers, reports...
After the European Union's antitrust watchdog pressured reform, Ireland's government is expected to announce changes to its tax residency policies, phasing out the popular multinational tax loophole employed by Apple to save billions of dollars. Source: European Commission According to two sources familiar with the matter, Ireland will "phase out" the well-known "Double Irish" tax arrangement large U.S. corporations like Apple and Google use to save billions of dollars...
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