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
A new study reported in Nature (Sci-Hub mirror) tracks down the origins of the mysterious rise in CFC-11, a banned ozone-depleting greenhouse gas whose rise was first reported a year ago, and blames the increase on manufacturing in eastern China.
Mark Zuckerberg offered to let Chinese premier Xi Jinping name his firstborn (seriously), Apple purged the Chinese App Store of privacy tools at the request of the politburo; Google secretly built a censoring search-engine for use in China, but America's Big Tech companies are sounding the alarm that they will no longer be able to […]
Mountain View -- home to some of Silicon Valley's most profitable companies, including Google -- is one of the most expensive places in the world to live, thanks to the sky-high wages commanded by techies, who have gone on to bid up all the real-estate in the region.
If you can build a cloud infrastructure, you can build a business. Companies are overwhelmingly turning to cloud computing to set up or bolster their network, and it’s easy to see why. It allows on-demand access to processing power, a la carte services, and nearly unlimited storage, all without adding extra systems and the maintenance […]
Does your gaming setup need an upgrade? No need to wait for Christmas. We’ve rounded up the latest tech accessories for your favorite video game platforms. All of them are already sale priced, but you can knock an additional 15% off the final price for Memorial Day by using the online code WEEKEND15. Audeze Mobius […]
Raspberry Pi is one of the world’s most versatile open-source computers. Alexa is a home automation hub with limitless potential. Together, they’re a dream team for ambitious makers, opening the door to everything from automatic lights to voice-controlled robots. Learning Raspberry Pi is meant to be relatively easy for newbies, but its applications with Alexa […]