Jeff sez, "As the Washington State Legislature wound down its special session to close a $2.8 billion fiscal deficit, Microsoft's General Counsel Brad Smith successfully used a carefully timed press conference
making veiled threats about tax rates as a concern regarding future job expansion in Washington State. Led by Finance Chair Rep. Ross Hunter, a 17 year former Microsoft manager, the Legislature gave Microsoft two huge gifts: a $100 million annual tax cut and an estimated $1.25 billion in amnesty on its 13 year Nevada tax dodge. To make ends meet, the Legislature cut $120 million from K-12 education and $73 million from university budgets. It also raised the general tax rate on businesses from 1.5% to 1.8% and created new '7-11' taxes on the Average Joe on beer, soda and candy. The benefits of 4,700 at-risk unemployed people with disabilities will expire in the coming year. No word on how cash-strapped Washington plans to address Smith's concerns about its educational system and transportation infrastructure. On Wednesday, Gates' father, Bill Sr. announced a citizen initiative to replace the business tax with an income tax on high earners (>$200,000/yr). Asked if his son was on board with the tax initiative, Gates Sr. said, improbably, they hadn't discussed it. 'I don't know what my son is going to do.' Governor Gregoire said this isn't over: once the budget is signed into law, 'there will be real cuts, there will be real people losing jobs.' Yesterday, Microsoft reported record quarterly revenue. It now has $39.6 billion in cash and short term investments."
Microsoft Wins Nevada Royalty Tax Cut and Tax Amnesty; Reports Record Revenue
Last December, Vtech, a crapgadget/toy company, suffered a breach that implicated the data of 6.3 million children, caused by its negligence toward the most basic of security measures.
Virtually all the climate scientists working at Commonwealth Scientific and Industrial Research Organisation — Australia’s answer to NASA — have been fired or moved out of climate research.
For decades, Warner/Chappell Music claimed to own the rights to the Happy Birthday song, despite the reams of copyright scholarship and historical research showing they had no legitimate claim.
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Remember back to the time when people thought java was just a hip way to talk about coffee? Or you vaguely remembered from geography class that it’s an island in the South Pacific? We’ve come a long way since then and now that we’ve rocket blasted into the tech future, you’re going to need to […]