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Senate report: Apple claims subsidiaries to avoid paying billions in taxes each year

2013-05-21 12:51:08| InfoWorld: Top News

Apple has set up three foreign subsidiaries that the company claims are not resident in any nation for taxing purposes, in an effort to avoid paying tens of billions of dollars in taxes to the U.S. and other countries, according to a new report from a U.S. Senate subcommittee. Apple has set up a "complex web" of offshore entities to avoid paying taxes, with some subsidiaries set up in low-tax Ireland, according to a report released Monday by the investigations subcommittee of the Senate Homeland Security and Governmental Affairs Committee.

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RF Shielding Openings avoid compromise of secure information.

2013-05-17 14:31:22| Industrial Newsroom - All News for Today

Consisting of door and frame with shielded seals and surfaces, PEMKO threshold, and conductive calk, RF Shielding Openings are suitable for MRI rooms, test labs, data and IT storage, RFID scanning areas, and government/military facilities. Conductive surfaces help to restrict interference from local RF transmitters, avoiding compromise of confidential information. With sound rating up to STC 50 and 90-min fire rating, assembly provides RFI/EMI shielding of 40 db at 10 kHz–10 GHz per MIL-STD-285. This story is related to the following:EMI/RFI Shielding Doors

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Slovenia seeks to avoid EU bailout

2013-05-09 12:21:20| BBC News | Business | UK Edition

The government of Slovenia is due to unveil an economic action plan that it hopes will stave off a possible EU bailout.

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China's Secrecy Seen Thwarting Global Drive to Avoid Food Riots

2013-04-29 05:51:55| Food - Topix.net

After India banned exports of wheat in 2007, neighboring countries panicked and limited their grain sales, which pushed prices to records and sparked food riots from Egypt to Haiti for the next year.

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Customers avoid Sprint in 1Q as suitors circle

2013-04-24 15:26:14| Telecom - Topix.net

The flow of new customers to Sprint stopped in the latest quarter, even as the company weighs the offers of two corporate suitors.

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