The Daily Populous

Tuesday March 23rd, 2021 night edition

image for Zoom Paid $0 in Federal Income Taxes on 4,000% Profit Increase During Pandemic: Report

"Zoom's success in using stock options to avoid taxes is neither surprising nor (currently) illegal.".

"Companies that compensate their leadership with stock options can write off, for tax purposes, huge expenses that far exceed their actual cost," Gardner explained.

"This is a strategy that has been leveraged effectively by virtually every tech giant in the last decade, from Apple to Facebook to Microsoft.

Zoom's success in using stock options to avoid taxes is neither surprising nor (currently) illegal.".

Zoom reported $660 million in pre-tax profits in 2020, a massive leap from its 2019 pre-tax profits of $16 million.

Eric Yuan, Zoom's founder and CEO, accurately described 2020 an as "unprecedented year" for the nine-year-old company in its latest earnings report.

2020 pre-tax profits: $660 million 2020 federal corporate income taxes: 0. »

A Casino's Database Was Hacked Through A Smart Fish Tank Thermometer

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A cybersecurity executive has revealed that hackers used an Internet of Things (IoT) connected fish tank thermostat to gain access to a casino's high-roller database.

“They then found the high-roller database and then pulled that back across the network, out the thermostat, and up to the cloud.”

“I saw a bank that had been hacked through its CCTV cameras because these devices are bought purely on cost.”. »

Republican who demanded Cuomo resign quits politics over sexual misconduct claims

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New York: Republican congressman Tom Reed has publicly apologised and abandoned a possible run against Governor Andrew Cuomo after a former lobbyist accused him of sexual misconduct.

Reed said in a statement that he was “struggling” in early 2017, when the incident occurred, and entered treatment for alcohol abuse later that year.

Republican Tom Reed, who was accused of rubbing a female lobbyist’s back and unhooking her bra without her consent in 2017, has apologised and announced he will not run for re-election. »

Fifa executive committee: Where are the 22 men who voted for Russia and Qatar to host the World Cup now?

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Here, Martyn Ziegler looks what has happened to the 22 men who made the decisions... Sepp Blatter (provisionally suspended).

Swiss legal authorities have opened criminal proceedings over the payment and the sale of World Cup TV rights to Jack Warner.

UEFA's president and a FIFA senior vice-president, he too is facing a possible lifetime ban from FIFA's ethics committee. »

U.S., allies announce sanctions on China over Uyghur ‘genocide’

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Blinken, who is in Europe this week visiting counterparts, noted that the U.K., Canada and the EU were also imposing various sanctions.

The EU on Monday morning approved sanctions against four Chinese officials involved in the internment of hundreds of thousands of Uyghurs.

The U.K. imposed sanctions on four individuals and one entity, including the two individuals sanctions by the United States. »