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
In 2012, Facebook settled a class-action suit with parents who claimed that their kids were being tricked into spending real money on game items, thinking they were spending virtual in-game currency; the parents said that Facebook had structured its system to allow kids to use their parents' credit cards without the parents' intervention, unlike competitors […]
Once-iconic American retailer Sears (owned by Sears Holdings Corporation) will not die a bankruptcy liquidation death after all. Chairman Eddie Lampert today won a bankruptcy auction to purchase the company’s assets, after presenting an upped offer of $5.2 billion, Sears said Thursday.
Pacific Gas and Electric has gone from Wall Street darling to bankruptcy, thanks to the $30 billion in liability from the fires that were started in California by its power-lines.
Want a career in web design? It’s true that these days, most anyone can throw up a page or two. But for true workhorse web design, you’ll sometimes need to match the platform to the project. Enter the Complete Front-End Developer Bundle, an educational grand tour around the best tools for the web. For beginners, […]
Things move fast in the world of social media, and they don’t slow down for marketers looking to make an impact. Whether you’re grabbing eyeballs for a major company or a local business, you’ll need to adjust your strategy for every platform. Don’t have a strategy to begin with? That’s where the Social Media Marketing […]
It’s a rude awakening for that rookie vacationer abroad when they try to plug in their gear for the night. Veteran jet-setters know that outlet shapes can vary wildly from country to country, which necessitates that most boring must-have for any world-traveler: A sackful of clunky power adapters. Awkward problem, elegant solution: The Twist Plus […]