Amazon will be hit with a fine for unpaid back taxes on Wednesday, the Financial Times said Tuesday. The European Union is contending that Amazon used Luxembourg as a tax haven and that it had established unfair partnerships with the country in an effort to skirt European taxes on 3 billion euros ($3.5 billion) in […]
Read moreTwitter has continued to allow a Russian government-supported news network to advertise on its platform, even though the tech company sounded alarms about its ads to lawmakers investigating the Kremlin’s interference in the 2016 presidential election. In a meeting with House and Senate investigators last week, Twitter executives shared more than 1,800 promoted tweets from […]
Read moreOnline giant Amazon is on the prowl for approximately 15 store locations in France, especially in Paris, in the next two years, according to Le Monde newspaper. The French paper also said the U.S. company has “approached French distributors to forge partnerships or make an acquisition in France.” The overall goal in mind for Amazon […]
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I didn’t think I’d care much to have Google built-in to a set of headphones, but it works really well. You’ll first need to install and sign-in to the Google Assistant app on Android or iPhone, which takes a few seconds to do. After you’ve done that, a quick tap of the button pulls up […]
Read moreCurrency, United States Finance
New EU tax plan would end money-saving workarounds for companies like Amazon
The European Commission will propose on Wednesday changes to the way sales taxes are levied in the European Union with the aim of tackling fraud and curbing firms’ excessive tax-planning, a move that could hit U.S. online retailer Amazon. The plan is part of a broader EU campaign for fairer corporate taxation following revelations that […]
Read moreSusquehanna Financial Group downgraded MGM Resorts and cut its price forecast on the casino resort operator’s shares after the recent attack in Las Vegas, but remained positive on the company in the long-term. The analyst cited the possibility for occupancy and pricing shifts in the near-term, based on historical patterns. She lowered her estimate for […]
Read moreGeneral Motors‘ strong competitive position in key future technologies in the auto market is underestimated by investors, according to a Wall Street firm. Bank of America Merrill Lynch raised its rating for GM to buy from neutral, saying the company will thrive due to its upcoming electric and autonomous cars. “GM’s management is proactively pursuing […]
Read moreThe chairman and CEO of Berkshire Hathaway Warren Buffett said Tuesday that passive investing works in any market environment and so he’d be willing to wager again against active investing for the next 10 years. A decade ago, the billionaire investor made a million dollar bet that the S&P 500 will beat a basket of […]
Read moreSlack Technologies has secured a partnership with Oracle to integrate the tech giant’s enterprise software products into the popular workplace messaging app, the two companies told Reuters. The partnership is a victory for Slack as the young startup ramps up its efforts to win the business of large enterprises in an increasingly competitive marketplace that […]
Read moreTesla’s third quarter Model 3 delivery miss is further evidence the electric car maker will have difficulties ramping up manufacturing for the vehicle, according to a top Wall Street firm. In the third quarter, Tesla delivered 26,150 total vehicles and just 220 Model 3 cars versus the FactSet estimates of 25,860 and 1,260, respectively. Although […]
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