just do it
Forget China, These American comamies can't be TRUSTED ?
First Apple, then Google and now Facebook.
Like its Silicon Valley brethren before it, the social networking behemoth now finds its tax practices in the spotlight.
In 2014, despite having $1 billion in sales in the United Kingdom, Facebook paid just $6,000 in taxes there, the Sunday Times reported. Globally in 2015, the Menlo Park company paid just $123 million in taxes on foreign profits of $3.4 billion, an effective tax rate of just 3.6 precent, according to the report.
The regular tax rate on larger corporations in the UK is 21 percent, noted the International Business Times. Facebook was able to reduce its tax bill in the UK, at least, by paying its employees company shares and by shifting profits to the Cayman Islands, a notorious tax haven, the Sunday Times reported. The UK’s Revenue & Customs office has been scrutinizing Facebook’s tax records from 2010 to 2014.
Last week, the European Union announced it would investigate a deal Google reached with the UK to pay $186 million in back taxes after the Scottish National Party charged that it was unclear how the agreement was reached or whether it amounted to illegitimate “state aid” to the search giant. Meanwhile, Italy accused Google of avoiding 300 million in taxes there between 2008 and 2013.
A report last month by Barron’s indicated that Apple may owe up to $8 billion in back taxes in Europe. The company’s tax practices in the continent have been under scrutiny since 2014 as part of a larger investigation into corporate tax avoidance.
reative Planning boosted its stake in Baidu Inc (NASDAQ:BIDU) by 1.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 47,744 shares of the company’s stock after buying an additional 478 shares during the period. Creative Planning’s holdings in Baidu were worth $9,026,000 as of its most recent SEC filing.
Several other hedge funds have also recently modified their holdings of the company. Janus Capital Management raised its stake in shares of Baidu by 86.4% in the third quarter. Janus Capital Management now owns 23,920 shares of the company’s stock valued at $3,287,000 after buying an additional 11,088 shares during the last quarter. ING Groep raised its stake in shares of Baidu by 88.6% in the third quarter. ING Groep now owns 12,934 shares of the company’s stock valued at $1,777,000 after buying an additional 6,076 shares during the last quarter. Reynolds Capital Management raised its stake in shares of Baidu by 91.1% in the fourth quarter. Reynolds Capital Management now owns 7,550 shares of the company’s stock valued at $1,427,000 after buying an additional 3,600 shares during the last quarter. Assetmark purchased a new stake in shares of Baidu during the third quarter valued at approximately $963,000. Finally, Beacon Financial Group raised its stake in shares of Baidu by 2.3% in the fourth quarter. Beacon Financial Group now owns 5,398 shares of the company’s stock valued at $1,037,000 after buying an additional 119 shares during the last quarter
VELDHOVEN, the Netherlands, 22 April 2015 - ASML Holding NV (ASML) today announces that it has signed an agreement with one of its major US customers to deliver a minimum of 15 ASML EUV lithography systems to support increased development activity and pilot production of future-generation manufacturing processes. The customer intends to use EUV lithography for multiple processing steps in future process technology nodes. The delivery of the first two NXE:3350B EUV systems is expected before the end of 2015. The new systems will be in addition to the existing EUV development systems already at the customer. Financial terms were not disclosed.
Extreme Ultraviolet (EUV) lithography is the leading new patterning technology that simplifies the manufacturing process for the most advanced chips with significant benefits in terms of yield and cycle time. It will help the semiconductor industry to continue Moore's Law well into the next decade by packing more transistors on a chip, reducing cost-per-function and improving energy efficiency.