Tuesday, 17 October, 2017

Google to pay Italy €306 million in tax arrears

People visit Google's booth at the GMIC in Beijing Google Settles Italian Tax Fight For $334 Million
Mae Harvey | 06 May, 2017, 02:43

Following a settlement with Russian Federation last month over Android pre-install restrictions, Google has agreed (via Reuters) to pay Italy €306 million in unpaid taxes from 2002 through 2015.

The agreement not only covers 2009-2013, the period under investigation, but also separate disputes related 2002-2006 and 2014-2015.

Italy's tax agency said that talks would begin on signing "preventive agreements" to ensure the company pays the correct tax in the future. The payment is also "referenced to both Google Italy and Google Ireland units".

Italian tax police alleged past year that Google had not paid about 1 billion euros of Italian revenue between 2009 and 2013. Last year, the search giant also handed over $168 million in a similar settlement with British tax authorities, although critics said the clawback should have been bigger. Google insists it has paid paid all the tax it owes in France, but is cooperating with the inquiry.

Oculus is winding down internal Story Studio
That was followed by the Emmy-winning "Henry " in 2016 and "Dear Angelica", which premiered at Sundance in January of this year. The Story Studio team built some of the most visually exciting and technically progressive VR experiences we've ever seen.

Range Resources Corporation (NYSE:RRC): Are Traders Shorting This Stock?
Finally, JPMorgan Chase & Co. reiterated a buy rating on shares of Range Resources Corp.in a research note on Tuesday, April 25th. The oil and gas exploration company reported $0.25 EPS for the quarter, beating the Zacks' consensus estimate of $0.19 by $0.06.

FBI chief says he had to tell Congress of Clinton email news
Be proactive - Use the "Flag as Inappropriate" link at the upper right corner of each comment to let us know of abusive posts. Bill Clinton and Lynch said they discussed their grandchildren during the tarmac meeting, which lasted about 30 minutes.

Google said it remained committed to Italy.

In Australia, reports lodged by the Australian arms of the company indicate surges in local income and tax paid as a result of obedience with former treasurer Joe Hockey's Multinational Anti-Avoidance Law. Facebook didn't immediately reply to requests for comment.

Ireland in December said it would appeal the European Commission's ruling that declared tax arrangements between Apple and Ireland - originally established in 1991 - had allowed the company to pay "substantially less tax" than rival companies, and were therefore illegal under state aid rules.

Attention will now turn to an investigation by French tax authorities that could lead to a bill this year of more than $1 billion for Google.

Recommended

  • Old five pound note deadline nears: Spend your fiver this week!

    Old five pound note deadline nears: Spend your fiver this week!

    If you want to swap the old notes after tomorrow, you will have to make the trip into a bank, building society or Post Office. The paper £5 note which features Elizabeth Fry will no longer be legal tender by midnight on Friday night.
    US trade deficit improves slightly in March

    US trade deficit improves slightly in March

    Exports to countries other than the USA , meanwhile, rose 15.3 per cent, bolstered by sales to China, India and South Korea. As a result, Canada's trade surplus with the United States slipped to C$3.97 billion from C$4.51 billion in February.

    Thomas scores 33, Celtics beat Bulls 104-95 to tie series

    Nikola Mirotic scored 13 points for Chicago, who also got 13 points from reserve guard Isaiah Canaan and 11 from Dwyane Wade . Chicago came out hard-nosed and streaked to claim their first lead of the contest, 65-63, with 4:35 left in the period.
  • White House dismisses chief usher, 1st woman to hold post

    White House dismisses chief usher, 1st woman to hold post

    The White House has parted ways with its Chief Usher, Angella Reid , an administration official confirmed Friday to NBC News. A White House that's seeking to make sexual assault and Caesarean sections fall under pre-existing conditions?
    Medical School Takes Steps to Clarify Mental Health Policies

    Medical School Takes Steps to Clarify Mental Health Policies

    We have heard from students, faculty, administrators and others that there is a rising demand for mental health services on campus.

    3 shootings by police put spotlight on Justice Department

    When there is a decision, the family will be notified first, and then the department will hold a news conference, she said. In their statements , Segar and Alexander say they "respect and support" the students' rights to express their opinions.
  • #WEFAfrica17 Fragile states under the spotlight at WEF

    #WEFAfrica17 Fragile states under the spotlight at WEF

    The president boasted that Zimbabwe is the most developed country in Africa after South Africa, but for most Zimbabweans this is hard to believe.

    Comey: No 'Criminal Intent' Behind Clinton Email Scandal

    Democrats have criticised Mr Comey for not revealing the investigation before the election as he had with Mrs Clinton . Comey said that it "could be a crime", but clarified that "there's no Anthony Weiner statute".
    New Hamas program softens language, but some goals remain

    New Hamas program softens language, but some goals remain

    The new leadership will be announced in the coming days, the French news agency AFP reported , quoting a Hamas official. The old charter, which caused much of the world to shun the group, is not being replaced formally by the new document.
  • Facebook offers India cheap WiFi via 20000 hotspots

    Facebook offers India cheap WiFi via 20000 hotspots

    Facebook has also partnered with Internet Service Providers such as Tikona , Shaildhar , AirJaldi , LMES in different states. It's unclear exactly how much its costs to use Express Wi-Fi, and Facebook's release says rates will be set by its partners.

    Trump to meet Australian PM on 1st presidential trip to NYC

    The NYPD said in a statement to expect "temporary" closures near the Intrepid and Trump Tower, but declined to be specific. The president's wife, Melania Trump, and his son, Barron, have been living in NY since he took office.
    China says it wants to maintain friendly North Korea ties

    China says it wants to maintain friendly North Korea ties

    The embassy looks after consular affairs for the U.S. in North Korea because the two countries do not have diplomatic relations. Pacific Command said Tuesday it sent the Los Angeles-class attack submarine USS Cheyenne to the U.S.

Bafana Stay Put In FIFA Rankings, Outside Africa's Top 10 Bafana Stay Put In FIFA Rankings, Outside Africa's Top 10 India's rise in the rankings has been due to triumphs over Cambodia and Myanmar, both away wins. Head coach Stephen Constantine congratulated the team, but warned against complacency.

Might New "Comp Time" Bill Actually Pass This Time? Might New He signed the Fair Labor Standards Act into law in 1938. "Comp time" generally is not permissible in the private sector. This makes for an uphill battle in the Senate, even though the White House has come out in support of the measure.

Texas Legislature passes ban on so-called 'sanctuary cities' Texas Legislature passes ban on so-called 'sanctuary cities' The measure would fine local governments up to $25,500 a day for policies that block immigration enforcement. A Texas representative gave an impassioned speech, opposing a bill banning "sanctuary city" policies.

M nominee wins in dist panchayat polls with CPI-M support M nominee wins in dist panchayat polls with CPI-M support The elections were held after the Panchayath president Joshy Philip was elected as the District Congress Committee president. Philip was elected president of the district panchayat with the support of the Kerala Congress (M) in November 2015.

Scribes seek better working condition on World Press Freedom Scribes seek better working condition on World Press Freedom Free media and an independent, effective judiciary play a mutually reinforcing role as pillars of democracy. Today, as we mark World Press Freedom Day , the world press stands at a crucial junction.

Trump tax plan may produce some short-term budget issues: Mnuchin Trump tax plan may produce some short-term budget issues: Mnuchin Trump told The Associated Press in the interview that his tax reductions would be " bigger, I believe, than any tax cut ever ". The president said the package will be released on "Wednesday or shortly thereafter" - just before his 100 day mark in office.

Man Forcibly Removed From United Flight Reaches Settlement Man Forcibly Removed From United Flight Reaches Settlement Dr Dao's daughter later said her father's harrowing ordeal was worse than his experiences during the Vietnam War. The flight's crew had reportedly ordered Dao to give up his seat for commuting United Airlines crew members.

Customer fatally shoots man who killed sports bar manager Arlington police are still trying to process a horrific shooting scene that unfolded at a popular restaurant and bar. Two people are dead following a shootout inside Zona Caliente Sports Bar & Grill in Arlington.

Long road ahead for Trump offshore drilling order Long road ahead for Trump offshore drilling order The new executive order could expand offshore drilling to parts of the Pacific, Atlantic, and Arctic oceans, along with the U.S. Zinke said east coast lawmakers are keen to promote offshore wind and he is "optimistic" about its future.

Sushant Singh Rajput goes butt naked for Mario Testino's Towel Series Recently, Katrina Kaif was seen modelling in just a towel and her photos were shot by world renowned photographer, Mario Testino . Along with Katrina, worldwide supermodel Kendall Jenner and Sushant Singh Rajput have also come together for the May issue.

Local residents anxious about family members in Puerto Rico Local residents anxious  about family members in Puerto Rico The process, called Title III, was created by a US law enacted previous year to help Puerto Rico emerge from its economic malaise. Supreme Court ruled that federal bankruptcy law bars Puerto Rico from restructuring the debt of its insolvent public utilities.

UFC Announces Female Flyweight Division, Ultimate Fighter to Crown Champion UFC Announces Female Flyweight Division, Ultimate Fighter to Crown Champion With this new fourth Flyweight division, 125lb fighters will be able to compete at a much healthier and more equitable weight. The 135-pound bantamweight class was the first women's division in the UFC, debuting in 2013 with champion Ronda Rousey.

China launches its first locally built aircraft carrier Shen Jinlong, a former commander of the South Sea Fleet responsible for defending China's claim to most of the South China Sea. While Liaoning took nearly 15 years to be commissioned, the construction for the latest aircraft carrier began only in 2015.

Turkish military convoy moves closer to Syrian Kurds The YPG and the Peshmerga in Iraq said at least 20 of their fighters were killed in the strikes Tuesday . The airstrikes in Syria were criticised by both the United States and Russian Federation .

Apple to launch exclusive online stores in India? The iPhone 7 and iPhone 7 Plus were selling well, the company insisted though the numbers were 1.5 million shy of estimates. The average estimate of 14 analysts surveyed by Zacks Investment Research was for earnings of $2.02 per share.