Shares of Apple Inc (NASDAQ:AAPL), dropped -1.92% to $105.26, during its last trading session.
Apple Inc. (NASDAQ:AAPL) will settle a tax dispute with the Italy’s tax office by paying 318m euros ($348m). The US firm has been accused of evading taxes for the past six years, says a report from Reuters, citing sources aware of the matter, according to learnbonds
The technology stock Apple Inc. (NASDAQ:AAPL) will also sign a deal with the authorities next year on how to manage tax liabilities from 2015 onwards, the report said. Italian prosecutors are claiming that the firm has evaded tax amounting to 879m euros in 2008-2013 by hiding its taxable income generated via its Irish subsidiary, the report says. The deal comes amid tougher stance by the EU and other countries against the tax evasion by the MNC’s.
“Apple will pay the tax agency 318 million euros and will sign a new tax accord for fiscal years 2015 onwards early next year,” the source said, adding that the probe involving three Apple managers is open for now, and the settlement with the tax agency could have a positive impact on the probe. Learnbonds Report
On the other latest news report, tech companies Apple Inc (NASDAQ:AAPL), and Alphabet Inc(NASDAQ:GOOGL) could stand out in 2016, especially in the “connected home” market, according to The Street
“It’s a crowded marketplace,” said Shahid Ahmed, emerging technology and IoT practice leader at PwC, based in Chicago. “Clearly, Apple and its HomeKit is an interesting development.’
HomeKit is a platform that assists a user control his or her home right from an iPhone. It was unveiled in 2014.
Aside from Apple, Ahmed points to Google parent company Alphabet as a possible formidable competitor. Google owns Nest, the maker of thermostats and smoke detectors that are connected to the Internet. Also, established IoT player Control4 (CTRL) is building vertically integrated solutions for luxury homes, Ahmed said.
Ahmed said there are too many options for consumers. “As a homeowner myself, I’ve got four or five different apps for different things and I would like to get one app to do everything for me.”
Aside from the well-known companies, he sees opportunities for IoT startups.
“Cloud companies who have physical hubs that are in the cloud, enabling customers to build their own use cases and their own apps — I think that’s going to be a very interesting space,” Ahmed added. The Street Report
A NEW YEAR has dawned, and we’ve polished our crystal ball to predict the most important technology events and trends we see happening during 2016, according to theinquirer.net
One thing I’m definitely not looking forward to is finding out that yet again, technology giants like Google, Apple and eBay have paid a pittance for their UK tax bills. The trick here is to set up shop in the UK and then divert all earnings via an offshore facility to avoid contributing to the nation’s tax coffers. This has led to ludicrous yet true cases like the Facebook one: the social media firm’s UK staff took home an average of more than £210,000 last year, while Facebook paid less than £5,000 in corporation tax after making an ‘accounting loss’ of £28.5m in Britain in 2014. This is despite Facebook reporting overall global revenues of $12.5bn for 2014, and having millions of UK users.
2015 brought new innovations in everything from wireless streaming to watches that help you workout. So what can we expect from the tech world in 2016? According to abc7ny
We headed to Stanford University where it’s being dreamed up as we speak. What do engineering students think will roll out next?
“When you’re commuting to work will you be in a self-driving car?”, we asked one student. “Eventually, probably yeah. Right now it’s a little bit scary,” he said.
They see the Google driverless car tooling around campus, so they think it’s right around the corner. And they’re right.
Big car brands have plans for autonomous driving elements in 2016. A huge wild card: could Apple be planning a car? They’ve filed a bunch of automotive patents.
“They will appear first in environments that are low speed and controlled. Industrial campuses, downtowns and the like, but nearly self-driving cars are already here,” said Stanford futurist Paul Saffo.
On the fun side, “Virtual reality is going to dominate the world,” said one student. abc7ny Report
