Taxes - CybAI news

10 Sep

Apple Must Pay $14.4 Billion to Ireland in Crackdown On ‘Sweetheart Deals’

stp2y0 CommentsRAG modelsapple, europe, lawsuit, Taxes

Apple has been ordered to pay €13 billion ($14.4bn) of unpaid taxes to the Irish state, in a court ruling that ended a decade-long fight between Europe and the big tech company.In a judgment handed down on Tuesday, the European Court of Justice (ECJ) agreed with a European Commission ruling in 2016, which found that for a period of more than 20 years Apple enjoyed illegal tax advantages that constituted state aid from the Irish government.“The Court of Justice gives final judgment in the matter and confirms the European Commission’s 2016 decision: Ireland granted Apple unlawful aid, which Ireland is…

17 Aug

Ericsson Reaches $1 Billion Deal to Sell US Firm to Koch Unit

stp2y0 CommentsRAG models5G Network, AT&T INC, Earnings, ERICSSON LM-B SHS, Government, INFOR INC, KOCH INDUSTRIES INC, Markets, NOKIA OYJ, Taxes, Technology, VERIZON COMMUNICATIONS INC

Swedish telecom-equipment maker Ericsson AB reached a $1 billion deal to sell its US call-routing business Iconectiv to a private investment arm of Koch Industries Inc.Ericsson expects to get about 10.6 billion kronor ($1 billion) in cash after taxes, transaction expenses and other liabilities as part of the takeover by Koch Equity Development, the company said in a statement late Friday. The deal is expected to close in the first half of 2025 and result in one-time earnings of about 8.8 billion kronor. Source link lol

15 Aug

Grab Revenue Misses Estimates in Sign Turnaround Still Fragile

stp2y0 CommentsRAG modelsAsia, Earnings, Indonesia, Interest Rates, new york, Peter Oey, Southeast Asia, startups, Taxes, Technology, UBER TECHNOLOGIES INC

Grab Holdings Ltd. shares slumped after the ride-hailing company reported quarterly revenue growth that trailed estimates, highlighting intense competition in the Southeast Asian market.The stock slid 10% in pre-market trading in New York after the company said revenue rose 17% to $664 million in the three months through June, missing the $676.9 million analysts predicted on average. Adjusted earnings before interest, taxes, depreciation and amortization were $64 million, roughly in line with estimates. Source link lol

14 Aug

EON Boosts Spending on Energy Transition as Europe Electrifies

stp2y0 CommentsRAG modelsDecarbonization, Earnings, europe, germany, Government, industries, infrastructure, Leonhard Birnbaum, Markets, regulation, Taxes, Technology, Utilities

EON SE ramped up investments more than 20% in the first half as the German utility expands a massive network of cables that’s helping to drive the energy transition. As one of Europe’s largest distribution-grid operators, EON plays a key role in the economy’s electrification. The continent aims to be climate-neutral by the middle of the century, an endeavor that requires a huge build-out of grids so that millions of clean-energy generators can be connected. Source link lol

14 Aug

FanDuel-Parent Profit Beats, Won’t Match DraftKings Surcharge

stp2y0 CommentsRAG modelsDRAFTKINGS INC-CL A, Earnings, FLUTTER ENTERTAINMENT PLC-DI, Illinois, industries, IPOs, london, Mergers, new york, social media, Taxes, Technology

Flutter Entertainment Plc shares soared as much as 11% in extended trading after the company, the operator of the FanDuel online sportsbook, reportedBloomberg Terminal second-quarter sales and profit that beat analysts’ expectations.Flutter, which recently moved its stock listing to the New York Stock Exchange from London, generated revenue of $3.61 billion in the quarter, exceeding estimates of $3.37 billion. Adjusted earnings rose to $2.61 a share, exceeding expectations of $1.70. Source link lol

12 Aug

Drahi Is Making Good on Pledge to Sell Assets. But to What End?

stp2y0 CommentsRAG modelsBT GROUP PLC, Debt, Earnings, France, media, OUTBRAIN INC, Sunil Bharti Mittal, Taxes, Technology, United Kingdom, United States

Patrick Drahi is in for a pay day after agreeing to sell his stake in BT Group Plc. That may or may not be good news for creditors of Altice.If the billionaire owner of the media giant decides to use the money from the sale of Altice UK’s 24.5% stake in BT to pay down debt, it will come just in time for creditors getting ready for a bruising round of debt talks to limit writedowns. Source link lol

10 Aug

Nike Suspends Online Sales In Turkey After Customs Tax Increase

stp2y0 CommentsRAG modelsCurrency, Employment, europe, NIKE INC -CL B, regulation, retail, shopping, Tax Rate, Taxes, Technology, turkey

Nike Inc. suspended online sales in Turkey via its website and mobile app, days after an increase in customs taxes levied by Turkey on online purchases from abroad. “We cannot guarantee our consumers that their orders will arrive smoothly and on time, so we are suspending online orders from Turkey for the time being,” the US sneaker giant said in a statement published on its official Turkish website. Source link lol

08 Aug

Deliveroo Customer Orders Rise as Demand Improves Across Markets

stp2y0 CommentsRAG modelsCoronavirus, COSTCO WHOLESALE CORP, DELIVEROO PLC, Earnings, food, JUST EAT TAKEAWAY, Markets, Taxes, Technology, UBER TECHNOLOGIES INC, United Kingdom, Will Shu

Deliveroo Plc said the value of customer orders grew in the first half and that earnings for the year will be on the higher end of its forecast after demand rose at the UK food delivery platform.Gross transaction value rose 6% at constant currencies from a year earlier to £3.69 billion ($4.7 billion), the company said in a statement on Thursday. That was in line with the average estimate from analysts surveyed by Bloomberg. Source link lol

08 Aug

Deutsche Telekom Improves Profitability Buoyed by US Growth

stp2y0 CommentsRAG modelsCash Flow, DEUTSCHE TELEKOM AG-REG, Earnings, europe, germany, Government, regulation, T-MOBILE US INC, Taxes, Technology, Tim Hoettges

Deutsche Telekom AG, Europe’s largest telecommunications operator, reported increased profitability in the second quarter, buoyed by strong subscriber growth in the US and resilience in its home market of Germany. Adjusted earnings before interest, taxes, depreciation and amortization after leases rose 7.8% from a year earlier to €10.8 billion ($11.8 billion) in the second quarter, the carrier said in a statement on Thursday. Analysts had forecast €10.7 billion, according the average of estimates compiled by Bloomberg. Source link lol

07 Aug

Nextdoor Projects Improved Revenue Growth Amid Product Overhaul

stp2y0 CommentsRAG modelsadvertising, artificial intelligence, Culture, Earnings, new york, NEXTDOOR HOLDINGS INC, Nirav Tolia, Social Network, Taxes, Technology, United States

Nextdoor Holdings Inc. reported second-quarter revenue that beat analysts’ estimates and projected stronger-than-expected sales growth, pointing to improvements in the company’s advertising technology as a key driver of sales. Chief Executive Officer Nirav Tolia also announced plans for a “complete transformation” of Nextdoor’s core social network to increase usage and turn the neighborhood-focused platform into a service that people are drawn toward daily, not just for key life moments. Source link lol