The Daily Populous

Tuesday November 7th, 2017 morning edition

image for Paradise Papers: Apple's secret tax bolthole revealed

The world's most profitable firm has a secretive new structure that would enable it to continue avoiding billions in taxes, the Paradise Papers show.

They reveal how Apple sidestepped a 2013 crackdown on its controversial Irish tax practices by actively shopping around for a tax haven.

It then moved the firm holding most of its untaxed offshore cash, now $252bn, to the Channel Island of Jersey.

The European Commission calculated the rate of tax for one of Apple's Irish companies for one year had been just 0.005%.

Media playback is unsupported on your device Media caption Apple CEO Tim Cook in 2013: "We pay all the taxes we owe.

In fact, our payments to Ireland increased significantly and over the last three years we've paid $1.5bn in tax there.".

Paradise Papers: Full coverage; follow reaction on Twitter using #ParadisePapers; in the BBC News app, follow the tag "Paradise Papers". »

Stephen Hawking: We Need a New Space Age

Authored by futurism.com

In Brief In this new space age, we are reaching far beyond the Moon and space travel and considering colonizing other planets.

Professor Stephen Hawking is old enough to remember the first space age, which came about in the mid-20th century as NASA scientists raced agencies around the world to land the first astronaut on the Moon.

And so, in this second space age, the goal has been set much higher; or farther, rather. »

Bono Among Figures Named in Leak of Tax-Haven Documents

Authored by bloomberg.com

The Irish band, well known for its poverty-fighting efforts, has faced past criticism over its tax arrangements.

U2 was heavily criticized in 2006 for moving its corporate base from Ireland to the Netherlands, where royalties on music incur virtually no tax.

The Ausra shopping center is located in the town of Utena, some 100 kilometers (62 miles) north of Lithuania's capital, Vilnius. »

Fox News broke the UK's broadcasting rules

Authored by bbc.com
image for

Two Fox News broadcasts in the UK have been found in breach of Ofcom rules over impartiality.

Tucker Carlson Tonight was also found in breach for a broadcast in May following the Manchester terror attack.

The people who watch it in the UK are aware that it is a US channel and their expectations are different. »

We built an outhouse.

Authored by imgur.com

We used the manufacturer recommended plastic capped nails but honestly they proved to be a pain.

I need to read up more, but in the future it seems like we could just get away with staples.

I'd welcome any comments on this idea or the correct way to use the capped nails. »