Crunch time for Apple in fight against $15b EU tax order

first_imgApple’s clash with European Union competition regulators comes to a head on Wednesday as Europe’s second-highest court rules on whether it has to pay 13 billion euros (US$15 billion) in Irish back taxes, a key part of the EU’s crackdown against sweetheart tax deals.In its order four years ago, the European Commission said Apple benefited from illegal state aid via two Irish tax rulings that artificially reduced its tax burden for over two decades – to as low as 0.005 percent in 2014.Defeat for European Competition Commissioner Margrethe Vestager could weaken or delay pending cases against Ikea’s and Nike’s deals with the Netherlands, as well as Huhtamaki’s agreement with Luxembourg. Should Ireland lose, the government will be castigated by the same politicians for launching the appeal. A ruling in favour of the Commission could also raise questions about the application of Ireland’s tax code at a sensitive time, when new global rules for taxing digital giants are being debated.Defeat could also hurt Ireland’s ability to attract investment, although the promotional blitz undertaken after the Commission’s 2016 decision appears to have worked. The numbers employed by multinationals like Apple, Facebook and Google have grown by 25 percent, accounting for one in ten Irish workers.For Apple, defeat would be a blow, but manageable given its cash holdings topped $190 billion at the end of its fiscal second quarter.The cases are T-778/16 Ireland v Commission and T-892/16 Apple Sales International and Apple Operations Europe v Commission. The defeated side can appeal on points of law to the EU Court of Justice, Europe’s highest court.Topics : Vestager, who has made the tax crackdown a centrepiece of her time in office, saw the same court last year overturn her demand for Starbucks to pay up to 30 million euros in Dutch back taxes. In another case, the court also threw out her ruling against a Belgian tax scheme for 39 multinationals.The Apple dispute is seen by some analysts as a lose-lose situation for Ireland, which has appealed against the Commission’s order alongside the iPhone maker.While 14 billion euros – including interest – would go a long way to plugging the coronavirus-shaped hole in the state’s finances, Dublin is seeking to protect a low tax regime that has attracted 250,000 multinational employers.If Ireland’s appeal succeeds, the government will be ridiculed by opposition parties for not taking the cash, which could cover at least half of a budget deficit forecast to balloon to as much as 10 percent of gross domestic product (GDP) this year.last_img read more

Quinn: Poland strong across pitch

first_img Quinn said: “I don’t think we need to say too much about Lewandowski because we know exactly how much of a threat he is. But hopefully we can keep him quiet at the weekend. “But they are strong all over. They are plying their trades throughout the European leagues and they have got a top striker in Lewandowski up front, so we all know how good they are. “Poland are a strong side. We have watched a lot of videos on them throughout the week already. The manager doesn’t want to leave any stone unturned going into it for set-pieces, et cetera. “We know how strong they are and we have done our homework, so hopefully we can deal with that on Sunday. “We can’t dwell on how good they are, we have got to look at our own qualities and try to apply them in the game on Sunday and get those three points that we really want. We have got our own pace down the flanks as well, so hopefully we can counteract that.” Lewandowski has four goals to his name in as many games during the campaign to date, although they all came in Poland’s 7-0 drubbing of minnows Gibraltar in Faro in September, and it was Milik and Mila who were on target to defeat world champions Germany in Warsaw the following month. Ireland compounded the Germans’ woes three days later when they emerged from their trip to Gelsenkirchen with a 1-1 draw, courtesy of John O’Shea’s injury-time equaliser, although their hopes of securing one of the two automatic qualification berths were dented by the reverse in Glasgow. That left the Republic, the Scots and Joachim Low’s men locked together on seven points, three adrift of Poland, although Quinn is confident there will be no hangover from the disappointment at Celtic Park. Stephen Quinn has warned the Republic of Ireland not to be fooled into believing they only have to shackle lethal striker Robert Lewandowski to get the better of Poland. The Republic entertain the Group D leaders at the Aviva Stadium on Sunday evening looking for a victory which would take them level with the Poles and get their campaign back on track after November’s 1-0 defeat in Scotland. However, Martin O’Neill has left his players in little doubt that preventing Lewandowski from doing what he does best is only one of the missions in which they must succeed if they are to prosper, with Arkadiusz Milik and Sebastian Mila also representing significant threats. He said: “No, I don’t think so. Obviously, we were disappointed with the result, but we can’t dwell on that. “It was a close game, it wasn’t the prettiest, but if we keep looking back at that, then we are not going to be going forward, so we have just got to concentrate on this Poland game. “That’s gone now and we have got to look at our home form and try to get the three points here, which is most important.” Poland appear in 34th place in FIFA’s latest rankings list with Ireland in 66th, and it has been to Ireland’s detriment that they have not been able to see off teams ranked above them in their most recent campaigns. That is a situation which will have to change if they are to finish in the top two, and the significance of that will not be lost on a bumper crowd at the Aviva Stadium, the site of the former Lansdowne Road stage on which Jason McAteer captured the imagination of a nation by dumping Holland out of the World Cup back in 2001. Quinn said: “As a boy growing up on the streets of Dublin, it’s where everybody wants to be. Sometimes you pinch yourself, but being out on that pitch and playing for your country, you can’t beat it. “The boys are all ready and waiting. We all know how big a game it is, the boys are all on it and really looking forward to it.” Press Associationlast_img read more

2,000-foot drug smuggling tunnel discovered beneath U.S.-Mexico border

first_imgFederal agents discovered a drug smuggling tunnel that leads from Tijuana, Mexico, to a warehouse in Otay Mesa.The investigation started after officials suspected smuggling of narcotics into the U.S. via a cross-border tunnel. The U.S. exit point was discovered after the execution of the warrant, the San Diego Tunnel Task Force said.The tunnel is about 2,000 feet long, has an average depth of 31 feet and is three-feet wide through most of the passageway, according to authorities. Authorities estimate the tunnel to have been in existence for several months.Authorities seized five different types of drugs including, 1,300 pounds of cocaine, 86 pounds of methamphetamine, 17 pounds of heroin, 3,000 pounds of marijuana and more than two pounds of fentanyl, for a total of  $29.6 million in mixed drugs.last_img read more

Commonwealth SG lauds Guyana for climate change fight

first_imgWith initiatives in place like the 371,000 hectares of forest preserved at Iwokrama, Guyana was on Friday commended by the Secretary General for the Commonwealth, Baroness Patricia Scotland for its conservation efforts.During a press conference on Friday, Baroness Scotland in fact noted that Guyana was leading the fight. According to Baroness Scotland, Iwokrama is one of the lungs of the world, as its large tracts of forest help with greenhouse gases.“I come to Guyana one month before the beginning of the hurricane season. And we know that climate poses an existential threat to the whole of our Region here. Its worrying cause in the last few days we have seen storms hit Jamaica.”“We also know there has been flooding across Asia,” Scotland said. “Many have died in India. And regrettably, it is an echo of what started last year. Cause if you remember we started with mudslides in India.”The Iwokrama forest account for 1.6 per cent of Guyana’s landmassMaking specific reference to Iwokrama, Scotland noted that the project has served as an example to other countries. This example is a timely one, considering the negative effects climate change is having on other countries.“We had flooding, first in Sri Lanka, then Bangladesh and Pakistan. Then by the time the real hurricane season started, we saw total devastation. We saw Hurricane Irma, which lead to the evacuation of Barbuda.”“And then (there’s) Maria, which virtually destroyed the island of my birth Dominica and caused damage to the GDP. And we know Dominica had suffered years before from tropical storm Erica. So it is with some trepidation that we watch a repeat and oceanographers tell us this year may be as challenging as last year and some fear it could be worst.”Iwokrama is dedicated as a place of research and its forests account for 1.6 per cent of Guyana’s land mass. Its 371,000 hectares is also equivalent to two per cent of Guyana’s forests.The Iwokrama centre itself was established in 1996 in order to manage the forest area. This was arrived at following an agreement between the then Government and the Commonwealth Secretariat.The United Nations (UN) has classified combating climate change as Sustainable Development Goal (SDG) number 13. According to the organisers of World Earth Day, at least two million people die globally, due to indoor and outdoor pollution. It also estimates that by the year 2030, food prices will go up by 50 per cent due to climate change.The rising temperature, global warming and other ecological imbalances are due to the fact that half of the world’s rainforests are gone. The deaths of 70,000 persons in Europe were due to rising temperatures in 2003. These imbalances are also leading to frequent flooding and other disasters across the globe, which include forest fires, again impacting the trees.last_img read more

‘Arsenal worry me at the back’ – David Seaman nervous about new approach

first_img Unai Emery haw not enjoyed the greatest start to life as Arsenal manager “You do not do that, and they found that out against Chelsea where they were just knocking balls over the top for fun.“Going forward it looks strong, but they’ve got to take chances. There was some really good chances against Chelsea and it was frustrating, especially because you know Chelsea have got quality up front and they will punish you.” 3 David Seaman has urged the Gunners to ‘mix it up’ and stop being so predictable Arsenal have conceded five goals from their first two games of the season David Seaman has admitted he fears for Arsenal’s defence this season as they get to grips with Unai Emery’s new tactical approach.New manager Emery has overseen the club’s worst start to a Premier League season in 26 years, having opened the campaign with back-to-back defeats. Sure, those games may have been against Manchester City and Chelsea – the last two Premier League champions – but many have been surprised by how chaotic the Gunners have been at the back so far.It’s early days yet, but it appears the players are struggling to adapt to Emery’s ‘play it out from the back’ style, with their back-four and goalkeeper Petr Cech looking clueless at times in their first two games.Speaking on Wednesday’s Alan Brazil Sports Breakfast, Seaman said: “Arsenal worry me at the back.“Petr Cech is having to make a lot of saves and there’s some defensive stuff going on there that’s… it’s not schoolboy, but…“They want to hold a high line, and yet they’re still holding a high line when there’s no pressure on the ball. Asked how he would tell Arsenal to play with Emery’s new approach, Seaman said: “Do a mixture of it.“At the moment they are not fully confident of playing out from the back, everyone can see that. It’s about getting the balance right.“If teams are pushing in on you and doing it really well, you have to knock it long some times. Then, by doing that, it spreads out the field and you can start from there.“Just mix it up. We were really trying to force it all the time and it becomes really easy to defend that.” 3 3 “They worry me at the back. They do things that you do not do.” 👀David Seaman is concerned by Arsenal’s approach under Emery 🔴Where will #AFC finish this season? 🤔 pic.twitter.com/ZQvJ5C2R7q— The Alan Brazil Sports Breakfast (@SportsBreakfast) August 22, 2018last_img read more

Half-time: QPR 1 Derby County 0

first_imgTjaronn Chery’s brilliant left-footed strike – his third goal in his last five matches – put QPR ahead.In-form keeper Alex Smithies played a big part in Rangers’ 24th-minute opener at Loftus Road, where the home side have grown in confidence since taking the lead.Smithies threw the ball to James Perch near the halfway line and the full-back galloped down the left and delivered a perfect cross to Chery, who guided the ball into the net with a sublime volley.Earlier, Sebastian Polter, back in the QPR starting line-up along with Clint Hill, Matt Phillips, Junior Hoilett and Alejandro Faurlin, went close with a long-range shot that went just wide.And four minutes after his goal, Chery tried his luck with another left-footed effort that that flashed narrowly wide too.Rangers went close again seven minutes before the break, when Phillips was just unable to connect with Hoilett’s left-wing cross.QPR: Smithies, Onuoha, Angella, Hill, Perch, Faurlin Henry, Phillips, Chery, Hoilett, Polter.Subs: Ingram, Konchesky, Tozser, Petrasso, El Khayati, Mackie, Washington.Follow West London Sport on TwitterFind us on Facebooklast_img read more

Take freedom forward: Mandela

first_img23 April 2004Former President Nelson Mandela has called on all South Africans to ensure that the country’s democracy is consolidated and sustained.In a statement marking South Africa’s 10 years of freedom, Mandela warned people not to take the country’s freedom and democracy for granted, saying the growth and sustained health of the country’s democracy were the responsibilities “not only of leaders, but also of each and every citizen.“Too many people in all walks of life and over many years and decades suffered and sacrificed for its achievement”, Mandela said. “The almost miraculous triumph of reason and compassion over prejudice and fear at the time of our peaceful transition is too precious.”Every political party and organisation, Mandela said, “has a responsibility to keep our democracy alive, our people united and our country progressing towards peace and prosperity”, while every individual has the responsibility “to remain a caring South African, never indifferent to the affairs and well-being of our country and its people”.Cementing unityOver the past 10 years, Mandela said, South Africans had managed to cement unity.“Whatever differences we may have and tensions that may exist, our democratic constitutional order is not threatened. We are solidly one nation, united in our diversity, held together by our common commitment to the Constitution.”The country has faced a number of obstacles since 1994, Mandela said, and the problems ahead – poverty, unemployment, HIV/Aids, homelessness – “remain large and daunting”.“What we can say, though, is that we now have the weapon and the protection of democracy to face and tackle those problems and challenges. The simplest, but therefore also most fundamental, gain of our democracy is that the people govern.Secure future“There may be shortcomings in delivery; government departments and officials may in some cases be under-performing; certain interest groups may feel that they are not sufficiently catered for; there are certainly many areas of legitimate and valid complaint and dissatisfaction.“All of this, however, is played out, contested, debated and accounted for within the secure framework of a multi-party pluralist democracy.”South Africa’s future, Mandela said, lies in the hands its people, and “it has been a particular source of satisfaction to observe, especially over these last five years, a younger generation of leaders guiding the country towards a secure and prosperous future”.RegenerationMandela paid tribute to President Thabo Mbeki, saying that his “firm leadership and clear vision had manifested not only in the remarkable progress South Africa has made, but also in continental and international affairs.“The steady regeneration of Africa and the regard with which South Africa is held internationally are in no small measure due to his work and efforts.”South Africa, Mandela said, has often been referred to as a “miracle nation . that should make us humble and inspire us as we start a next decade on the long road of consolidating our freedom and building a better life for all our people”.SAinfo reporterWould you like to use this article in your publication or on your website? See: Using SAinfo materiallast_img read more

Coega Dairy ‘coup’ for emerging farmers

first_img26 November 2012South African franchise restaurant group Famous Brands has entered into a joint venture partnership with the Coega Dairy Company, a dairy manufacturing business owned by local farmers, factory and farm employees, to supply mozzarella, cheese slices and cheese spread to the Group.The agreement will see R55-million being invested in a new state-of-the-art cheese manufacturing plant next to Coega Dairy’s existing facility at the Coega industrial development zone outside Port Elizabeth in the Eastern Cape.At the same time, it will create new jobs and provide black farmer supplying the Coega Dairy with a new and growing market for their produce.According to the Coega Development Corporation (CDC), Famous Brands will control 51% of the shares of the joint venture company, the Famous Brands Cheese Manufacturing Company, with Coega Dairy shareholders holding the balance of 49%.State-of-the-art cheese manufacturing plant“In terms of the agreement, a new state-of-the-art cheese manufacturing plant will be constructed adjacent to Coega Dairy’s existing dairy facility (whose primary business is the production of UHT longlife milk and butter),” the CDC said in a statement on Monday.Latest-technology equipment, budgeted at R35-million, will be imported from Italy for the custom-designed plant, to be funded by the joint venture partners in direct proportion to their shareholding in the business, the CDC said.The CDC will fund the R20-million construction of the 2 600 square metre facility and lease the premises to the new company, while Coega Diary will manage the day-to-day operations of the cheese manufacturing business for an agreed management fee.“Famous Brands Cheese Manufacturing Co is anticipated to commence supply and distribution of mozzarella cheese to the Debonairs Pizza franchise network in May 2013,” the CDC said, adding that the business’s first-year annualised turnover was expected to be in the order of R180-million.‘Fantastic coup for the farmers’Famous Brands CEO Kevin Hedderwick said in a statement that the partnership was “compelling for two reasons: the transaction comprises a straightforward greenfield investment with significant earnings potential and a short payback period.“And equally importantly, it is an enterprise which will deliver tremendous benefits for those black farmers who partner with us via Coega Dairy, whereby they gain an instant, robust market for their milk, and the potential to grow that market over time.”Hedderwick added that the partnership was expected to create 49 jobs in the new cheese manufacturing company, as well as a further five jobs in the existing Coega Dairy business.Coega Dairy CEO Hennie Kleynhans said described the transaction as “a fantastic coup for the farmers who own Coega Dairy. It guarantees a market for at least 38-million litres of milk per annum, and will in time establish the dairy as one of the biggest in South Africa.”SAinfo reporterlast_img read more

5 iPhone Apps to Get You Ready for Le Web

first_imgIf you haven’t already heard, this week is the Paris-based Le Web Conference. ReadWriteWeb will be live blogging the event in the next couple of days, with startup writer Dana Oshiro attending with the Social Media Club House and news writer Frederic Lardinois attending as a TravelingGeek. The event will showcase some of Europe’s best and brightest tech companies. Below are a few resources for those attending the event: 1. Le Web iPhone app: A few days ago we wrote about the fact that Ustream and band app creation site Mobile Roadie have teamed up to deliver an official Le Web iPhone application. The service offers program information, maps and a feed of event-related news. PicTranslator: PicTranslator allows users to take a photo of a menu or signage for instant translation. For $1 you’re given a chance to see basic translations, listen to pronunciations and try your hand at communicating in the language of love. 2. Tell Me Where: Based out of Paris, this service allows users to find nearby places in more than 15 categories including fashion, parking, tourism and restaurant-related picks. The iPhone app allows users to connect to their Facebook accounts and view places recommended by your friends. Users can also upload their photos and experiences using the app. 3. Metro Paris: This service allows users to navigate the Paris metro as well as the bus line with ease. Using your phone’s GPS, the service allows you to view your closest metro stations and offers real-time alerts on line interruptions. In late August, ReadWriteWeb covered this service’s augmented reality release. It is the first known augmented reality app to appear in the App Store. 4. Spotify: If you plan on being in Europe beyond the conference dates, you might want to signup for Spotify premium. The iPhone application offers users real-time file syncing and the ability to cache offline music playlists for use on the metro and other non-wifi enabled areas of the city. 5. Currency Converter: If you haven’t gotten used to converting currency, this application calculates the cost of all your rich and sumptuous meals. This year’s Le Web is dedicated to highlighting Europe’s best and brightest real-time web companies. For a primer on the real-time web, you may want to check out ReadWriteWeb’s latest report The Real-Time Web and its Future A Web Developer’s New Best Friend is the AI Wai… Related Posts Top Reasons to Go With Managed WordPress Hosting Why Tech Companies Need Simpler Terms of Servic…center_img 8 Best WordPress Hosting Solutions on the Market Tags:#Apple#web dana oshirolast_img read more

Pumaren’s double duty for Adamson, GlobalPort up for discussion by PBA Board

first_imgPhoto by Tristan Tamayo/ INQUIRER.netFranz Pumaren’s role as concurrent head coach for Globalport and Adamson has been a source of confusion for some discerning fans.In the past, a head coach in the PBA is not allowed to hold the same post in the collegiate level at the same time.ADVERTISEMENT But the PBA Board of Governors is apparently leaning toward allowing coaches to hold concurrent head coaching positions in the pro and varsity level, though it has not been made official.“It has been previously tackled by the Board before the season started, but they have yet to discuss it again,” said PBA media bureau chief Willie MarcialFEATURED STORIESSPORTSWATCH: Drones light up sky in final leg of SEA Games torch runSPORTSSEA Games: Philippines picks up 1st win in men’s water poloSPORTSMalditas save PH from shutoutFor UAAP’s part, it doesn’t have a rule prohibiting Pumaren from splitting time between the two teams, according to UAAP executive director Rebo Saguisag.“It depends on the school. If they’re willing to let the coach divide his time equally, it’s an internal issue. We’re not here to second guess the wisdom of the administration on who they want as the coach,” said Saguisag. Read Next For the complete collegiate sports coverage including scores, schedules and stories, visit Inquirer Varsity. BSP sees higher prices in November, but expects stronger peso, low rice costs to put up fight WATCH: Streetboys show off slick dance moves in Vhong Navarro’s wedding LATEST STORIES Palace: Up to MTRCB to ban animated movie Magellan in PH PLAY LIST 01:06Palace: Up to MTRCB to ban animated movie Magellan in PH01:37UAAP SEASON 80: Adamson Soaring Falcons00:50Trending Articles01:37Protesters burn down Iran consulate in Najaf01:47Panelo casts doubts on Robredo’s drug war ‘discoveries’01:29Police teams find crossbows, bows in HK university01:35Panelo suggests discounted SEA Games tickets for students02:49Robredo: True leaders perform well despite having ‘uninspiring’ boss02:42PH underwater hockey team aims to make waves in SEA Games Don’t miss out on the latest news and information. MOST READ TNT KaTropa turn emotional as ‘brother’ Ranidel moves on after 9 years Nonong Araneta re-elected as PFF president Frontrow holds fun run to raise funds for young cancer patients  LOOK: Loisa Andalio, Ronnie Alonte unwind in Amanpulo for 3rd anniversary Fire hits houses in Mandaluyong City Brace for potentially devastating typhoon approaching PH – NDRRMC View comments E.T. returns to earth, reunites with grown-up Elliott in new ad  Pumaren opened his second season at the helm for Adamson on Saturday, where the Soaring Falcons fell to Ateneo, 85-65 in the opening day of the UAAP Season 80.He is still manning the sidelines for GlobalPort, which sits idle with a 3-5 slate in the ongoing 2017 PBA Governors’ Cup.Marcial said the PBA Board will meet again for a final decision on the Pumaren’s case. Until then, there seems to be no immediate problem with Pumaren wearing two hats.ADVERTISEMENTlast_img read more