The European Union's (EU) European Commission (EC) officially launched a probe into tax dealings member countries Ireland, Luxembourg, and the Netherlands have with multinational corporations like Apple Inc., Starbucks Corporation, and Fiat Finance & Trade SA. According to Bloomberg, the EC is investigating whether or not tax breaks offered to corporate subsidiaries in these countries constitute illegal state aid.
The needs of the U.S. Highway Trust Fund are pushing the U.S. Senate towards the idea of a tax holiday for U.S. companies that would allow them to repatriate offshore money into the U.S. The Highway Trust fund is projected to run out of money in August, while there are hundreds of billions of dollars worth of infrastructure repairs that need to be made on the system.
The European Union's (EU) European Commission is set to launch a probe into Ireland's tax arrangements with large multinationals such as Apple. Reuters reported the news, but buried near the end of the story is that the Commission's focus is likely to be the tax regime that allows Apple and others to protect overseas revenues from local taxation, rather than Apple itself.
Apple sees mobile technology platforms, "as an opportunity for people to learn more about themselves," according to discussions held with Food and Drug Administration (FDA) officials. Highlights from the meeting show that Apple used the meeting to talk about medtech sensors, including a glucometer, regulations for such sensors, and the FDA's stance on apps dedicated to medical monitoring.
Apple has bought Spotsetter, a company that provides a socially-sourced discovery engine for locations. Without naming sources, TechCrunch reported that Apple bought the company in order to acquire both the technology and the company's founders.
Apple is planning to unveil its highly-anticipated and much rumored foray into wearable computing—a.k.a. the iWatch—in October, according to online reports. Citing unnamed sources, Re/code's John Paczkowski said that Apple "hopes to schedule a special event [in October] to show off the device."
Apple's 7-to-1 stock split is only a couple days away, and the company said that the change applies to share holders on record as of June 2. With one date behind us now, and the other fast approaching, what does that mean for your Apple stock, especially since it's still trading? Read on to find out.
There were a few themes that were clear in Monday's keynote from Apple's World Wide Developer Conference, but something that may have been overlooked were clues that Apple wants to cut into Google's search business.
There has been plenty of agitation for Apple to pull the next generation hardware technology out of a magician's hat. That thinking jumps the gun because Apple already has the ultimate hardware platforms in place to support its "Kit" initiatives. One of them is called the iPhone.
Apple has signaled a new stance on Bitcoin and other cryptocurrencies with a change to its App Review Guidelines for the App Store. Though Bitcoin wasn't mentioned by name, for the first time Apple specifically stipulated that the "transmission" of "approved virtual currencies" would be allowed, a reversal from an unstated position that resulted in all Bitcoin wallets being kicked out of the App Store.
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