Saturday, February 16, 2013

Samsung is tired of watching Apple run away with most of the money in mobile.

Samsung is tired of watching Apple run away with most of the money in mobile. Now, the Korean giant is making a big play to become like Apple -- a company that makes not only the hardware, but also the software and the store where you buy stuff.

Samsung also wants to be like Google and make money from mobile advertising.

In order to own the software platform that powers its phones, Samsung needs to drop Android. But can Samsung pull this off without wrecking a good thing?

http://www.computerworld.com/s/article/9236824/Will_Apple_envy_wreck_Samsung_

Facebook not only paid zero taxes for 2012 -- they were actually paid money by Us government

Facebook not only managed to pay zero in federal and state income taxes but also will receive a refund of $ 429 million for previous income taxes paid !

Facebook also gets to carry forward for future years tax breaks of $2.17 billion !

These tax reductions are related to the stock options exercised from Facebook's IPO.

The current and future tax reductions amount to a total $3.2 billion.

This is the information that was garnered from Facebook's first 10-K annual financial report as determined by the Citizens for Tax Justice.
http://ctj.org/pdf/facebookexcess.pdf

Now, Facebook isn't the only company that is particularly good at not paying taxes.

Earlier I had reported how Starbucks paid no taxes for 14 years.
https://plus.google.com/107040353898400532534/posts/HKUwog3pPcF

The G20 finance ministers meeting in Moscow have pledged to crack down on tax avoidance by multinational companies.
http://www.bbc.co.uk/news/business-21481932

With Facebook not paying any income taxes, US citizens will have to pay more.

Some have argued that this corporate behavior is unethical and even unpatriotic while others think it's fair game for the company to do any legal maneouvre to avoid paying taxes and maximize its profits for its shareholders.