radarthekat

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radarthekat
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  • Orange County police considering Apple Vision Pro to process surveillance data in real-tim...

    Minority Report was first to my mind.  Pair it with Palantir Technologies software and data and  you’re halfway there.  
    appleinsideruserwatto_cobra
  • Wearable weigh-in -- Apple Watch Series 10 vs Apple Watch Series 9 compared

    iOS_Guy80 said:
    Hard to differentiate sometimes what is hardware and what is iOS software update features. Eg. the sleep apnea feature is an iOS update feature not a watch update which isn’t fully explained in the article. I certainly appreciate the new features to the series 10 from the series 9 my biggest disappointment would be to lose the blood oxygen level feature if I upgraded to the series 10.
    I thought I heard in the presentation that the sleep apnea feature would come to the series 9.  Was I mistaken?  
    watto_cobra
  • Apple must pay EU $14 billion over Ireland tax arrangement

    spheric said:
    carnegie said:

    I suppose the U.S. government could again try to get involved, filing a complaint of some sort, since that's where the money that Ireland will collect will ultimately effectively be coming from. 

    How is the money effectively coming from the US government and not from Apple?
    Credit for foreign taxes paid.  US is party to many tax treaties that prevent double taxation.  Ergo, if Apple instead paid the US government when it repatriated a ton of overseas profits back when the US government gave businesses a favorable tax rate to do so, then Apple will get a tax credit on the $14b it now has to pay to Ireland.  This will reduce its US taxes in the next tax year or years (until the credit is fully utilized).  Thus it’s the US government that will take a hit for this decision. 
    Why does Apple get a tax credit on the $14b it has to pay to Ireland? The money was not repatriated; it's in escrow. These $14b are tax payable on overseas profits, which were never taxable by the US gov't in the first place. These extra $14b in local taxes do not affect Apple's US-taxable income, AFAICS. 

    Or am I missing something?
    From a quick Google search:
    Using the new 15.5 percent repatriation tax rate, the $38 billion tax payment disclosed by Apple means they are planning a $245 billion repatriation. The tax overhaul, which President Donald Trump signed into law last month, also lowered the corporate tax rate to 21 percent from 35 percent.Jan 17, 2018

    So, Apple would have paid a big tax bill against all that repatriated income.  But now, if some of that tax will be instead owed to Ireland, it will create a tax credit against the taxes already paid to the US, to ensure Apple isn’t, in the end, double taxed on that repatriated income.  And that tax credit will likely offset ALL of the $14b Apple is now required to pay to Ireland.  Ergo, it won’t come out of Apple’s pockets, but instead will come back out of the pocket of the US government since the US government was paid too much in taxes back when the income was repatriated.  
    watto_cobra
  • Apple must pay EU $14 billion over Ireland tax arrangement

    carnegie said:

    I suppose the U.S. government could again try to get involved, filing a complaint of some sort, since that's where the money that Ireland will collect will ultimately effectively be coming from. 

    How is the money effectively coming from the US government and not from Apple?
    Credit for foreign taxes paid.  US is party to many tax treaties that prevent double taxation.  Ergo, if Apple instead paid the US government when it repatriated a ton of overseas profits back when the US government gave businesses a favorable tax rate to do so, then Apple will get a tax credit on the $14b it now has to pay to Ireland.  This will reduce its US taxes in the next tax year or years (until the credit is fully utilized).  Thus it’s the US government that will take a hit for this decision. 
    watto_cobra
  • A massive data leak that probably exposed all of your personal info is hugely worse than t...

    jetpilot said:
    So check and see if my information was compromised by submitting my personal information on some random website? Uhhhhh...no.
    It requires only your first end last name and state you were born in.  
    forgot usernamegatorguywatto_cobra