By Tom Bergin LONDON (Reuters) – Amazon’s decision to change its tax-efficient European business structure could raise its tax bill by as much as $100 million a year but authorities will have to fight for additional money and any payments will be hidden from public view. Amazon has become one of the highest profile targets of an international drive against tax avoidance that has gained pace in Europe in recent
By Tom Bergin LONDON (Reuters) – Amazon’s decision to change its tax-efficient European business structure could raise its tax bill by as much as $100 million a year but authorities will have to fight for additional money and any payments will be hidden from public view. Amazon has become one of the highest profile targets of an international drive against tax avoidance that has gained pace in Europe in recent
By Lawrence Hurley WASHINGTON (Reuters) – The U.S. Supreme Court on Tuesday ruled against Cisco Systems Inc over a $64 million patent infringement verdict the tech giant is fighting. On a 6-2 vote, with Justice Stephen Breyer recused, the court threw out a ruling by the U.S. Court of Appeals for the Federal Circuit in favor of Cisco. The case concerns a patent held by Commil USA LLC on a
By Lawrence Hurley WASHINGTON (Reuters) – The U.S. Supreme Court on Tuesday ruled against Cisco Systems Inc over a $64 million patent infringement verdict the tech giant is fighting. On a 6-2 vote, with Justice Stephen Breyer recused, the court threw out a ruling by the U.S. Court of Appeals for the Federal Circuit in favor of Cisco. The case concerns a patent held by Commil USA LLC on a
Charter Communications Inc, controlled by cable industry pioneer John Malone, offered to buy Time Warner Cable Inc for $56 billion, seeking to combine the No. 3 and No. 2 U.S. cable operators to compete against market leader Comcast Corp. The partners, who said on Tuesday the deal would mean better access to broadband Internet for many consumers, immediately faced questions about likely regulatory obstacles that helped sink Comcast’s earlier bid
Charter Communications Inc, controlled by cable industry pioneer John Malone, offered to buy Time Warner Cable Inc for $56 billion, seeking to combine the No. 3 and No. 2 U.S. cable operators to compete against market leader Comcast Corp. The partners, who said on Tuesday the deal would mean better access to broadband Internet for many consumers, immediately faced questions about likely regulatory obstacles that helped sink Comcast’s earlier bid
The European Commission said on Tuesday it would continue its investigation into Luxembourg’s tax treatment of Amazon after reports the online retailer had changed its tax practices in Europe. The Commission launched an in-depth investigation last October into alleged state aid Luxembourg was granting to Amazon by offering a low corporate tax rate on European profits, most of which are booked in the Grand Duchy.
The European Commission said on Tuesday it would continue its investigation into Luxembourg’s tax treatment of Amazon after reports the online retailer had changed its tax practices in Europe. The Commission launched an in-depth investigation last October into alleged state aid Luxembourg was granting to Amazon by offering a low corporate tax rate on European profits, most of which are booked in the Grand Duchy.
An Italian court on Tuesday banned unlicensed car-sharing services such as those offered by Uber, in another setback for the fast-growing U.S. car service whose smartphone app summons rides at the touch of a button. Uber has been gaining popularity among passengers seeking lower cost car rides, triggering protests across Europe by heavily regulated traditional taxi drivers. The court in Italy’s business capital Milan said the Uber POP service, which
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