Washington: Apple Inc Chief Executive Tim Cook made no apology on Tuesday for the iPad maker saving billions of dollars in US taxes through Irish subsidiaries and told lawmakers that his company backs corporate tax reform, even though it may end up paying more.
The Senate Permanent Subcommittee on Investigations has found that Apple in 2012 alone avoided paying $9 billion in US taxes, using a strategy involving three offshore units with no discernible tax home, or "residence."
Cook, in his first congressional testimony since becoming Apple CEO in 2011, said his company is a major taxpayer, handing over nearly $6 billion in cash to the US government in 2012.
"We expect to pay even more this year," Cook said. "We pay all the taxes we owe."...
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12:12 PM, May 22, 2013
New Delhi: The Bharatiya Janata Party (BJP) on Sunday said it was ready for an early Lok Sabha election. The party's statement came a few days after BJP's senior party leader LK Advani predicted early polls in the country. "We are ready for elections for Lok Sabha and the six scheduled (assembly) elections...it was Advaniji who guided the deliberations and he gave that good governance, prudent politics and ideal image...
05:30 PM, Apr 07, 2013
New Delhi: The newly appointed office bearers of the BJP will hold their first meeting in Delhi on Sunday. All the state presidents have been called to the capital for the meeting that will be chaired by party president Rajnath Singh. The BJP is likely to discuss its preparations for the 2014 Lok Sabha elections and also elections to the state assemblies slated for this year. The BJP is planning...
07:57 AM, Apr 07, 2013
The Bharatiya Janata Party's (BJP) parliamentary executive committee will be meeting on Tuesday to finalise its strategy for the upcoming Budget Session of Parliament. The main Opposition and the Samajwadi Party have already said they will be bringing up the tainted Italian chopper deal in the Budget Session, which is due to start on February 21. ...
08:55 AM, Feb 19, 2013
The Congress' high powered strategy meet will begin in Jaipur on Friday amidst speculation that party General Secretary Rahul Gandhi will take a frontal role as the party prepares for general elections 2014. ...
09:27 PM, Jan 17, 2013
Samsung is expected to widen its lead over Apple in global smartphone sales this year with 35 per cent growth. ...
01:17 PM, Jan 04, 2013
Mumbai: The Rs 2,300 crore Speak Asia scam, the Rs 1,700 crore Aryarup scam and now the Rs 500 crore Stock Guru scam - all these cases involved accusations of duping investors with false promises. Experts, however, chillingly add that these are just the tip of the iceberg. Several direct selling companies are cropping up, with flimsy promises to investors. At least 329 of them are now under the scanner....
09:26 AM, Nov 20, 2012
New Delhi: Looking to strengthen the party ahead of the 2014 Lok Sabha elections, Congress President Sonia Gandhi on Friday asked party members to follow the manifesto thoroughly and also counter the Opposition's campaign. She said that while some economic decisions hurt the people, the Prime Minister's leadership has helped in such difficult times. "There are economic difficulties and PM's leadership has helped us. Some decisions have been taken which...
01:06 PM, Nov 09, 2012
New Delhi: Top BJP leaders including state chief ministers will be gathering in Surajkund in Haryana on Wednesday for a three-day conclave. This comprises an executive meet that will be followed by a two-day national council meet. The main opposition party is expected to propose strategies to project itself as an alternative to the UPA. The party is expected to adopt three resolutions including one on the current political situation...
07:14 AM, Sep 26, 2012
Hyderabad: YSR Congress Party chief YS Jagan Mohan Reddy, who has been in judicial custody in the Chanchalguda prison here for nearly four months, is utilising his leisure time to prepare an action plan for the next Assembly and Parliament elections in 2014. According to a party MLA, his party is in a win-win situation whether the state is divided or not. If the sate is divided, there will a...
12:26 PM, Sep 24, 2012
Bangalore: After disbanding his team, Anna Hazare is working on plans to stitch a new team in the crusade against corruption for which he has convened a meeting of like-minded people by the end of this month. Former Karnataka Lokayukta Santosh Hegde, who was part of erstwhile Team Anna disbanded by the social activist on August 6, said Hazare told him about the plans when he met him during his...
04:47 PM, Sep 03, 2012
Hyderabad: In an apparent warm-up exercise for the 2014 electoral battle, which is expected to be fierce and even ugly, Telugu Desam president N.Chandrababu Naidu has begun cornering YS Jagan Mohan Reddy as he believes that the YSRC Party alone will be his partys main opponent in the coastal Andhra and Rayalaseema regions. Naidu seems to have come to the conclusion that he will have to weaken Jagan considerably to...
12:22 PM, Aug 14, 2012
London: Nokia is considering ripping up its traditional mass marketing strategy ahead of the unveiling of its new Windows 8 smartphone in the autumn, the Financial Times reported on Monday. The mobile phone maker has entered secret negotiations with European operators about forming an exclusive opportunity to launch a smartphone using the Windows 8 platform from Microsoft. Operators that have held talks with Nokia include France Telecom, although no deal...
11:10 AM, Jul 23, 2012
Mexico: Mexico's next president has boldly promised to halve the number of kidnappings and murders during his six-year term by moving law enforcement away from showy drug busts and focusing on protecting ordinary citizens from gangs. Yet Enrique Pena Nieto said remarkably little specific about his anti-crime strategy during the three-month campaign that ended with his still-contested victory in Sunday's election. That ambiguity has fed fears at home and abroad...
01:34 PM, Jul 05, 2012
Tokyo: Japan's Nintendo, the world's leading game console maker, unveiled a new online strategy on Monday, saying it will launch a social and content network dubbed Miiverse for its latest version of the Wii - the Wii U. The strategy is similar to that of rivals including Sony Corp and Apple Inc, although analysts raised concerns that Nintendo has been late to embrace online gaming, and may have to work...
08:46 AM, Jun 04, 2012
No one is switching off lights at 6 pm or slashing salaries and headcount by a quarter and cutting back on travel budgets. Actually, there are very few Indian firms exhibiting those typical knee-jerk reactions that one associates with tough times. Instead, when our team began interviewing CEOs of some of India's best run companies to gauge how they'd plan their strategy to tide over this year of uncertainty, we...
11:39 AM, Feb 04, 2012
San Francisco: Hewlett-Packard Co named software veteran Bill Veghte as chief strategy officer as it overhauls its top ranks following a series of missteps over the past year. Veghte, who joined HP in 2010 after spending two decades at Microsoft, will continue in his current role as executive vice president of HP Software. HP appointed former California gubernatorial candidate Meg Whitman CEO in September, after firing former leader Leo Apotheker...
01:36 PM, Jan 18, 2012
Lucknow: BJP has chalked out a massive campaign strategy focusing on issues like crime, corruption and inflation, to improve its performance in the upcoming Assembly elections in Uttar Pradesh, party vice president Mukhtar Abbas Naqvi said on Monday. Senior BJP leaders and Chief Ministers of the party-ruled states would also expose "shadow-boxing between SP, BSP and Congress", Naqvi, who is also convener of party's election management committee, told reporters. While...
09:42 AM, Jan 16, 2012
Washington: The US is set to unveil its new defence defence strategy today that will guide Pentagon budget cuts in coming years and is expected to end the decade-old policy of maintaining a force capable of fighting two wars at once. President Barack Obama will make a rare appearance at the Pentagon to outline the new strategy. The move comes after a comprehensive review of US defence strategy by the...
10:41 AM, Jan 05, 2012
Washington: US is set to unveil its new defence defence strategy on Thursday that will guide Pentagon budget cuts in coming years and is expected to end the decade-old policy of maintaining a force capable of fighting two wars at once. President Barack Obama will make a rare appearance at the Pentagon to outline the new strategy. The move comes after a comprehensive review of US defence strategy by the...
10:12 AM, Jan 05, 2012
