Multinational Corporation
Apple ordered to pay up to € 13bn - the Guardian: LINK ¤ the GUARDIAN
_________________________________________
- "Apple has been ordered - by the European Commission !!!!!!!!!!!!!!!!!!"
_________________________________________
- "to pay a record figure of up to € 13bn - in back taxes !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!"
_________________________________________
- "Apple got illegal help - with tax breaks in Ireland !!!!!!!!!!!!"
_________________________________________
- "a "head office" - that existed on paper only !!!!!!!!!!!!"
_________________________________________
- "the European Commissioner, Margrethe Vestager - suggested other countries could claim !!!!!!!!!!!!"
_________________________________________
- "unpaid tax from Apple - for the same period !!!!!!!!!!!!!!!!!!!!!!!!"
_________________________________________
- Richard Murphy, tax campaigner: "there must be fairer competition - and increased equality !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!"
______________________________________________________________________________
the Apple Tax Ruling - what this means - the Guardian: LINK ¤ the GUARDIAN_________________________________________
- "the European Commission has ordered Apple to pay back the Irish state - up to € 13bn in taxes in a landmark ruling !!!!!!!!!!!!"
_________________________________________
- "the so-called "double Irish" tax structure - is being phased out !!!!!!!!!!!!!!!!!!"
_________________________________________
- "the last place this companies want to move profits - is back home !!!!!!!!!!!!!!!!!!!!!!!!"
_________________________________________
- "therefore they prefer - to be taxed in Europe !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!"
_________________________________________
- "( 90% of Apple's cash stockpile was kept outside ! )"
______________________________________________________________________________
Tobacco Companies ordered to pay US$ 12bn in Damages in Canada - the Guardian: LINK ¤ the GUARDIAN_________________________________________
- "a Canadian court has awarded C$ 15.6bn, US$ 12bn - in damages to smokers from three tobacco companies !!!!!!!!!!!!!!!!!!!!!!!!"
_________________________________________
- "superior court justice Brian Riordan: the companies had put profits - before the health of their customers !!!!!!!!!!!!"
_________________________________________
- "in a scathing judgment against three tobacco companies - Imperial Tobacco Canada !!!!!!!!!!!! - ( British American Tobacco )"
_________________________________________
- "Rothmans, Benson & Hedges ( Philip Morris ) - and JTI Macdonald Ltd !!!!!!!!!!!! - ( Japan Tobacco )"
_________________________________________
- "on the grounds that the companies knew they were selling a harmful product - but concealed the risks !!!!!!!!!!!!!!!!!!"
______________________________________________________________________________
Apple Tax - the Guardian: LINK ¤ the GUARDIAN_________________________________________
- "one of those Irish affiliates - Apple Sales International, ASI !"
_________________________________________
- "had had just a tax rate - of 0.05% !"
______________________________________________________________________________
_________________________________________
- "Google and Amazon came under fierce attack - from UK MPs and tax campaigners !!!!!!!!!!!!!!!!!!"
_________________________________________
- "Margaret Hodge, chair of the public accounts committee - told Google's northern Europe boss, Matt Brittin !!!!!!!!!!!!"
_________________________________________
- "that his company's behaviour on tax - was devious, calculated and unethical !!!!!!!!!!!!!!!!!!!!!!!!"
_________________________________________
- "he had been recalled by MPs after being accused of misleading parliament - over the firm's tax affairs !!!!!!!!!!!!!!!!!!"
______________________________________________________________________________
big four Accountants - the Guardian: LINK ¤ the GUARDIAN_________________________________________
- "the "big four" accountancy firms were using knowledge - gained from staff seconded to the UK Ministry of Treasury !"
_________________________________________
- "had provided the government with expert accountants - to draw up tax laws !"
_________________________________________
- "the "big four" accountancy firms had an unhealthily - cosy relationship with government !"
_________________________________________
- "loopholes, like transfer pricing - have to be closed !!!!!!!!!!!!!!!!!!!!!!!!"
_________________________________________
- "the "big four" accountancy firms - must be better regulated !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!"
______________________________________________________________________________
_________________________________________
- "Australia forces multinationals - to disclose their tax arrangements !!!!!!!!!!!!"
_________________________________________
- "to curb tax avoidance - by multinational corporations !!!!!!!!!!!!"
_________________________________________
- "the measures requires - 2,000 larger businesses !!!!!!!!!!!!"
_________________________________________
- "to have their tax details - published by the government !!!!!!!!!!!!!!!!!!"
_________________________________________
- "to shut down - loopholes !!!!!!!!!!!!!!!!!!"
APPLE - Wikipedia EN: LINK ¤ APPLE
_________________________________________
- "Apple Inc. - is a computer company"
- "the corporation continued to receive significant criticism - regarding the labor practices of its contractors !!!!!!!!!!!!"
- "most of its manufacturing - was handled abroad !"
______________________________________________________________________________
MICROSOFT - Wikipedia EN: LINK ¤ MICROSOFT_________________________________________
- "Microsoft Corporation - is a computer software company"
- "criticism of Microsoft has followed the company's existence - because of its products and business practices !!!!!!!!!!!!"
_________________________________________
- "ease of use, stability, and security of the company's software - are common targets for critics !!!!!!!!!!!!"
_________________________________________
- "Microsoft is accused of locking vendors - into their products !!!!!!!!!!!!"
_________________________________________
- "and not following and complying with existing standards - in its software !!!!!!!!!!!!"
_________________________________________
- "the company has been in numerous lawsuits - by several governments and other companies !!!!!!!!!!!!"
_________________________________________
- "Hewlett-Packard Company, HP - is a computer company"
______________________________________________________________________________
_________________________________________
- "Google LLC - is an Internet-search company"
- "96% of Google's revenue - was derived from its advertising programs !"
______________________________________________________________________________
IBM - Wikipedia EN: LINK ¤ I B M
_________________________________________
- "IBM, International Business Machines Corporation - is a computer company"
______________________________________________________________________________
_________________________________________
- "Facebook, Inc. - is an online social media company"
- "most of it's revenue - came from advertising !"
______________________________________________________________________________
SONY - Wikipedia EN: LINK ¤ SONY
_________________________________________
- "Sony Corporation - is an electronics company"
______________________________________________________________________________
_________________________________________
- "Coca-Cola Company - is a beverage company"
- "it has been involved in controversies and lawsuits - related to human rights violations and other unethical practices !!!!!!!!!!!!"
______________________________________________________________________________
_________________________________________
- "Mondelēz International, Inc. - is a sweets company"
MARS - Wikipedia EN: LINK ¤ MARS
_________________________________________
- "Mars, Incorporated - is a confectionery company"
______________________________________________________________________________
_________________________________________
- "Philip Morris International Inc - is a tobacco company"
- "the company's operations are highly controversial - and the subject of litigation and restrictive legislation from governments !!!!!!!!!!!!"
- "concerned about the health impacts - of its products !!!!!!!!!!!!"
______________________________________________________________________________
_________________________________________
- "the Department of Justice filed a lawsuit against Philip Morris ( now Altria ) - and other cigarette manufacturers !!!!!!!!!!!!"
_________________________________________
- "Judge Gladys Kessler found that the government - had proven its case !!!!!!"
_________________________________________
- "Philip Morris and other tobacco companies had conspired - to minimize !!!!!!!!!!!!"
_________________________________________
- "distort and confuse the public - about the health hazards of smoking !!!!!!!!!!!!!"
_________________________________________
- "concealed and suppressed research data - showing nicotine was addictive !!!!!!!!!!!!"
_________________________________________
- "marketed "light" and "low tar" brands - misleaded people about their relative harmfulness !!!!!!!!!!!!"
_________________________________________
- "publicly denied, while internally acknowledging - that secondhand tobacco smoke was harmful to nonsmokers !!!!!!!!!!!!"
_________________________________________
- "and destroyed documents - relevant to litigation !!!!!!!!!!!!"
______________________________________________________________________________
_________________________________________
- "McDonald's Corporation - is a fast food company"
- "the term "McJob" is defined - as a low-paying job !"
_________________________________________
- "that requires little skill - and provides little opportunity for advancement !"
______________________________________________________________________________
fast-Food Workers go on Strike - Reuters: LINK ¤ REUTERS
_________________________________________
- "fast-food workers go on strike - to protest low pay !!!!!!!!!!!!!!!!!!"
_________________________________________
- "the strike is the latest in a series of protests - over the past months that have targeted !!!!!!!!!!!!"
_________________________________________
- "fast-food restaurant operators - including McDonald's and Burger King !!!!!!!!!!!!!!!!!!"
_________________________________________
- "fast-food workers are seeking wages - of US$ 15 an hour !!!!!!!!!!!!!!!!!!"
_________________________________________
- "and the right to unionize - without retaliation !!!!!!!!!!!!!!!!!!"
AIG - Wikipedia EN: LINK ¤ A I G
_________________________________________
- "AIG, American International Group, Inc. - is an insurance company"
- "2008, AIG’s credit rating was downgraded - mainly because of credit default swaps, CDSs !!!!!!!!!!!!"
_________________________________________
- "leading to a liquidity crisis - that bankrupted all of AIG !!!!!!!!!!!!"
- "the Federal Reserve Bank stepped in - in form of a secured credit facility of US$ 85 billion !!!!!!!!!!!!"
- "to prevent - the company's collapse !!!!!!!!!!!"
______________________________________________________________________________
_________________________________________
- "Allianz SE - is an insurance company"
______________________________________________________________________________
_________________________________________
- "Axa S.A. - is an insurance company"
______________________________________________________________________________
_________________________________________
- "Assicurazioni Generali S.p.A. - is an insurance company"
______________________________________________________________________________
_________________________________________
- "Lloyds Banking Group plc - is an insurance company"
______________________________________________________________________________
_________________________________________
- "Munich Re Group - is a re-insurance company"
______________________________________________________________________________
_________________________________________
- "Swiss Reinsurance Company Ltd - is a re-insurance company"
______________________________________________________________________________
PRICEWATERHOUSE COOPERS - Wikipedia EN: LINK ¤ P W C
_________________________________________
- "PricewaterhouseCoopers, PwC - is an accounting company"
_________________________________________
- "a partner who was involved in designing the tax savings plan - for Caterpillar !!!!!!"
_________________________________________
- "commented: "we'll all be retired - when this comes up on audit !!!!!!!!!!!!""
______________________________________________________________________________
_________________________________________
- "Deloitte Touche Tohmatsu Limited - is an accounting company"
______________________________________________________________________________
_________________________________________
- "Ernst & Young Global Limited, EY - is an accounting company"
_________________________________________
- "the Valukas Report issued in 2010 charged that Lehman Brothers - engaged in a practice known as "repo 105" !!!!!!!!!!!!"
_________________________________________
- "and that EY, Lehman's auditor - was aware of it !!!!!!!!!!!!"
______________________________________________________________________________
_________________________________________
- "KPMG, KPMG International Cooperative - is an accounting company"
- "KPMG admitted criminal wrongdoing - in creating fraudulent tax shelters !!!!!!!!!!!!"
_________________________________________
- "and agreed to pay US$ 456 million - in penalties !!!!!!!!!!!!"
______________________________________________________________________________
_________________________________________
- "Arthur Andersen LLP - was an accounting company"
_________________________________________
- "2002, the firm voluntarily surrendered - its licenses to practice !!!!!!!!!!!!!!!!!!"
_________________________________________
- "after being found guilty of criminal charges - relating to the firm's handling of the auditing of Enron !!!!!!!!!!!!"
_________________________________________
- "the scandal in which revenue from Enron - was found to have sustained itself !!!!!!!!!!!!"
_________________________________________
- "by means of institutional and systematic - accounting fraud !!!!!!!!!!!!!!!!!!!!!!!!"
_________________________________________
- "the Powers Committee came to the following assessment: "the evidence available to us !!!!!!!!!!!!""
_________________________________________
- "suggests that Andersen did not fulfill - its professional responsibilities !!!!!!!!!!!!"
_________________________________________
- "in connection with its audits - of Enron's financial statements !!!!!!!!!!!!"
_________________________________________
- "Andersen was convicted of obstruction of justice - for shredding documents !!!!!!!!!!!!"
OMNICOM Group - Wikipedia EN: LINK ¤ OMNICOM
_________________________________________
- "Omnicom Group Inc. - is an advertising company"
______________________________________________________________________________
_________________________________________
- "WPP plc - is an advertising company"
______________________________________________________________________________
_________________________________________
- "IPG, Interpublic Group of Companies, Inc. - is an advertising company"
______________________________________________________________________________
PUBLICIS Group - Wikipedia EN: LINK ¤ PUBLICIS
_________________________________________
- "Publicis Groupe - is an advertising company"
BHP - Wikipedia EN: LINK ¤ BHP
_________________________________________
- "BHP, BHP Group Limited - is a mining company"
______________________________________________________________________________
_________________________________________
- "Rio Tinto, Rio Tinto plc - is a mining company"
_________________________________________
- "Rio Tinto Group has been widely criticised - by environmentalist groups !!!!!!!!!!!!"
_________________________________________
- "safety and labour rights concerns - have been raised by unions and political action groups !!!!!!!!!!!!"
______________________________________________________________________________
_________________________________________
- "Vale S.A. - is a mining company"
______________________________________________________________________________
_________________________________________
- "Anglo American plc - is a mining company"
______________________________________________________________________________
_________________________________________
- "Glencore plc - is a mining company"
______________________________________________________________________________
Phoebus Cartel - Wikipedia EN: LINK ¤ PHOEBUS CARTEL
_________________________________________
- "the Phoebus cartel had been a cartel - to control the manufacture and sale of light bulbs !"
_________________________________________
- "it was engaged in large-scale - planned obsolescence !"
_________________________________________
- "and had worked to standardise the life expectancy of light bulbs - at 1000 hours !"
_________________________________________
- "while at the same time - had raised prices !"
MULTINATIONAL CORPORATION - Wikipedia EN: LINK ¤ MULTINATIONAL CORPORATION

