Facing a $2.8 billion deficit and pending insolvency, Washington State's House Bill 3176 proposes changes to its B&O Royalty tax that would give Microsoft an estimated $100 million tax cut annually and possible amnesty for more than a billion dollars in past tax evasion.
Under current law, all of Microsoft's worldwide licensing revenues of approximately $20.7 billion annually are taxable at .484 percent or ~$100.1 million. Under the new law, only the portion of software licenses sold to Washington state customers would be taxable - perhaps resulting in less than a million annually in royalty tax from the company.
The lead sponsor of HB3176 is Democratic Representative Ross Hunter, who represents Medina, home to Bill Gates and a number of current and former Microsoft billionaires and multi-millionaires, and other areas around Microsoft's corporate campus.
“To the world leaders and those in power, I would like to say that you have not seen anything yet. You have not seen the last of us, we can assure you that. And that is the message that we will bring to the World Economic Forum in Davos next week.” In the Swiss city […]
Former Vice President and current 2020 Democratic presidential hopeful Joe Biden says U.S. Section 230 should be immediately revoked for Facebook and other social media platforms, and that Mark Zuckerberg should be submitted to civil liability.
Ukraine is asking United States FBI to help it investigate a suspected state-sponsored hack by the Russian military on Burisma, the Ukrainian energy company at the center of the impeachment of U.S. President Donald Trump.
No chef’s arsenal is complete without a good set of knives. In fact, it’s the first big sign that you’re ready to start cooking meals as opposed to just warming them up. Here are 20 knife sets that any chef would be proud to own, from visually stunning old-world metallurgy to sleek modern cutlery. Mini […]
The latest iPhone cameras are undeniably impressive, but they’re still no match for a professional camera when it comes to taking clear, wide-angle shots. These six accessories will transform your iPhone into a pro-level camera in seconds, thanks to powerful and easy-to-attach lenses. 1. Lemuro 18MM iPhone Wide Lens MSRP: $100 | Sale Price: $80 […]
Few things in life are more universally dreaded than going to the gym, which is unfortunate since a new year usually means making new resolutions to get in shape. Thankfully, this BodyBoss 2.0: Portable Home Gym has everything you need to burn fat and build muscle in the comfort of your own home. With just […]