Biggest US banks clear first hurdle in Fed's annual stress tests
Watch a NYC Bus Careen Backwards Down the Street with No Driver
Vacation Bible school listing for June 17
Google agrees to pay $335 million in Italy tax dispute
06 May 2017, 02:24 | Ignacio Smith
Google Settles Italian Tax Fight For $334 Million
Tax officials said the settlement also launches a process to determine Google's proper taxation level in Italy going forward.
The settlement is considerably higher than the £130 million pay out that the United Kingdom secured in unpaid taxes from Google a year ago.
However, a person familiar with the company's thinking said Google preferred to settle with Rome to bring to a close a controversy that has cast a negative light on the company in Italy.
To read this article in one of Houston's most-spoken languages, click on the button below.
Individual countries and the European Commission have heaped pressure on technology giants to back-pay taxes avoided by booking income in countries such as Ireland and Luxembourg. Facebook didn't immediately reply to requests for comment.
Italy's tax office said the additional money Google will pay covers both its Italian and Irish units.
Dozens of Palestinians injured in West Bank clashes However, the wording suggests Hamas considers this to be an interim step, not a way of ending the conflict. He said the new document was "a tool for the future but it does not mean we're changing our principles".
It comes just two years after Apple coughed up €318 million for taxes owed to the Italian authorities.
The US-based company has previously said it complied with tax rules in all the countries it operates in.
Amazon has defended its returns in Italy, saying its heavy investments in the country explain its low profits and therefore its tax bill.
The Australian government also introduced legislation of the same name in March hitting multinationals - with global revenue of more than AU$1 billion and Australian revenue of greater than AU$25 million - with a 40 percent tax on all profits.
The companies insist that they are operating within the law: Apple chief executive Tim Cook memorably termed the notion of his company stashing cash overseas as "political crap".
Hyundai Motor Q1 net plunges 21% on weak China sales
Kia Motors will subsequently also produce other models, which includes its global high-volume hatchbacks - the Picanto and Rio. We also brought you some information about its likely product line-up, pricing and model positioning strategy.
Carrier group heads for Korean waters as Trump calls leaders
Navy officer overseeing military operations in the Pacific says the crisis with North Korea is at the worst point he's ever seen. Secretary of State Rex Tillerson said on Thursday that China had asked North Korea not to conduct any more nuclear tests.
Crews start taking down 600-year-old tree
Basking Ridge, New Jersey bid farewell to the 600-year-old tree on Monday due to its old age, according to local media reports. It will take a few days to cut down the tree, which is 18 feet around and has a branch spread of roughly 150 feet wide.
National Day of Prayer
Roberts prayed for the nation, with hope that those elected would work for the nation, and for the people. I think the prayers were honest and reflected the heart of God. "We desperately need his help".
Donald Trump sends military to Syria-Turkey border
The targets hit by the Turkish Air Force in Syria also include local television and a YPG broadcasting media station. He said that the current USA deployment was temporary but did not rule out a possibility of it becoming permanent.
Mobile US (TMUS) Tops Q1 Earnings & Revenue Estimates
The consensus recommendation by Thomson Reuters analysts is Hold and their mean rating for the stock is 2.59 on scale of 1-5. In the first quarter , AT&T lost 61,000 postpaid customers in North America, while analysts were expecting 95,000 additions.
Two US troops die battling Islamic State in Afghanistan
Two U.S. troops were killed fighting the Islamic State of Syria and Iraq (ISIS) in Afghanistan, the Pentagon said Thursday. As per the report, the Afghan government had control over only 52 percent of Afghanistan's 407 districts a year ago .