Europe Duns Apple for $14.5B in Illegal Tax Breaks


The European Union on Tuesday nailed Apple with a $14.5 billion bill for back taxes.
“The European Commission has today has adopted a decision that Apple’s tax benefits in Ireland are illegal,” said EC Competition Chief Margrethe Vestager at a press conference in Brussels. Tax breaks Ireland granted to Apple for more than two decades artificially reduced Apple’s tax burden, in breach of European Union rules, she explained. “Apple now has to repay the benefits worth up to 13 billion euros, plus interest.”

The original article can be found here: http://www.ecommercetimes.com/story/83856.html?rss=1

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Uber Scores Historic $3.5B Saudi Investment


Uber has nailed down a record $3.5 billion investment from the Saudi Arabian Public Investment Fund — the largest-ever investment in a closely held technology firm. The investment is part of a deal that will allow Uber to expand its Middle East operations. Yasir Al Rumayyan, managing director of the fund, will take a seat on Uber’s board of directors. With a valuation of about $62.5 billion, Uber now is considered the most valuable venture capital-backed firm in the world.

The original article can be found here: http://www.ecommercetimes.com/story/83570.html?rss=1

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Amazon now offers free shipping on 'small and light' items, no minimum order

Amazon has just given you another reason to stay nailed to your sofa by ditching shipping charges for small items.

The original article can be found here: http://www.foxnews.com/tech/2015/06/03/amazon-now-offers-free-shipping-on-small-and-light-items-no-minimum-order/

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