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Tag - Investigation
Following a meeting by Apple CEO Tim Cook with the head of the antitrust investigation against Ireland on behalf of the European Commission, Apple's CFO has told London's Financial Times that should Ireland be found guilty of giving companies like Apple "special state aid," Apple should owe nothing in back taxes. The crux of remarks by Luca Maestri is that Apple did not receive any special deal from Ireland, but if Ireland illegally lowered its tax rate to benefit corporations, it is the state -- and not the companies that benefitted from the lower rate -- that should pay any penalties.
Apple is ending an investigation into its tax affairs by Italian authorities, by paying a settlement of €318 million ($347.5 million) to the country, far less than it could have ended up paying. The payment effectively ends Italy's probe into Apple's local subsidiary's finances, with authorities suspecting Apple of tax fraud by failing to comply with local tax laws for a five-year period ending in 2013.
Police in Oregon have intercepted deliveries in an organized crime ring involving iPhones, one valued at an estimated $750,000. An investigation into fraudulent gift cards started earlier this month led to the seizure of the iPhone collection, which if left interrupted, would have ended up being shipped to Hong Kong and distributed to buyers and sellers on the black market.
The German Federal Cartel Office, which handles antitrust investigations, is looking into the agreement between Amazon and Apple by which the latter purchases audiobooks from Amazon-owned Audible for sale in iTunes. While there is no suggestion yet that either company is doing anything wrong, the office appears to be concerned that the arrangement has resulted in such a strong market position as to potentially be anti-competitive, and thus in need of a closer look.
An investigation into the tax-related finances of Apple in Europe will be completed by the end of this year, according to Ireland's finance minister. Michael Noon advised earlier today that the investigation by European Union regulators into whether or not Apple and other major multinational companies have benefited from using "illegal tax sweeteners" on the continent will be ruled upon in the coming weeks, one that could potentially cost companies millions.
An investigation into whether Apple's deals with major record labels did anything to hurt or impede its competition has concluded that no such collusion took place, according to a new report from the European Commission. The body said it would continue to monitor the streaming industry overall, but cleared Apple Music of any alleged wrongdoing.
Google's relationship with the European Commission (EC) has worsened, after the regulator made two antitrust-related announcements. It has formally objected to the way Google gives more prominence in search results to its own shopping comparison services than competitors, and has also opened up a separate formal investigation over Android and its bundling of Google apps.
The saga of "who really stole all that data from Sony" continues, in spite of the FBI's adherence to its findings that North Korea alone was responsible. Independent investigations by security organizations have expanded the suspect list to include ex-employees, while net vandals Lizard Squad have, in their continuing quest for attention, claimed partial credit.
In spite of Comcast CEO Brian Roberts' assertions earlier this month that the merger with Time Warner Cable (TWC) is going along smoothly, the FCC has paused the informal 180-day clock on its investigation into the merger, due to a total of roughly 38,000 documents submitted by TWC beyond its deadline, and after the FCC had believed it was finished with that part of its investigation into the merger.
[Update: Judge has delayed settlement hearing until December 10] Other creditors left holding the bag after the surprise bankruptcy of GT Advanced Technologies are crying foul over the proposed settlement between Apple and the sapphire-making company, which is due to be ruled on at a hearing next week. Note-holders such as Aristeia Capital have complained to the court that charges from GT Advanced executives that claim a "bait and switch" arrangement from Apple that forced the company into bankruptcy require investigation, and "call into question the adequacy" of the proposed settlement.
Now AAPL Stock: 96.04 ( + 1.05 )
Google starting phase-out of Flash ads
Sonos now works with Apple Music
Apple want ads hint at future Watch faces
Microsoft may end Office Support Professional prog
Office for Mac v15.18 released
Apple to open new south Florida mall store
Filemaker provides free custom app guide
FileMaker announced today the release of the first in a three-part series of free how-to guides that will lead teams through the process of building a custom app using the FileMaker Platform. FileMaker's new how-to guides provide a step-by-step process that starts with a planning cycle covering goals, requirements, functionality and usability, and run all the way through identifying user scenarios, defining requirements, addressing integration, providing security, and deployment of the final product. http://bit.ly/1o08wQh