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Google to end 'Double Irish, Dutch' tax scheme: filing

Alphabet , the parent company of Google, will no longer use the intellectual property licensing scheme commonly known as the “Double Irish, Dutch sandwich”, according to 2018 tax filings with the Irish and Dutch governments seen by Reuters. In 2017, Google’s Dutch filings showed that it had moved $23 billion through a shell company to Bermuda, a strategy that allowed it to delay paying U.S. taxes. “A date of termination of the Company’s licencing activities has not yet been confirmed by senior leadership, however management expects that this termination will take place as of 31 December 2019 or …read more […]

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Investors taking profits as 2019 comes to a close

Wall Street is saying goodbye to a record year with a whimper, as stock futures are down slightly after Monday’s surprising sell-off. Despite this, the Dow is up 170%, the S&P 500 is up over 180% and the Nasdaq Composite is up nearly 300%. Yahoo Finance’s Brian Sozzi, Andy Serwer and Jared Blikre break it down on The First Trade. …read more […]

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3 Tech Giants That Could Benefit From the 5G Revolution in 2020

Hyper-fast internet downloads. Household appliances that “talk” to the internet. Cars that talk to… each other. The 5G internet revolution is coming to America, and 2020 will probably be the first year that 5G becomes widely available to consumers.Recognizing this, Apple made the strategic decision to keep 5G capability out of its latest iPhone model, the iPhone 11, released in September 2019. The company’s next iPhone iteration, however, which will be 5G-capable, is due to arrive in late 2020.Perhaps not coincidentally then, Wall Street analysts by and large are optimistic about Apple stock in 2020. According to TipRanks, a company …read more […]