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Setback for Apple as EU court advisor backs EU's $14 bln tax order
  + stars: | 2023-11-09 | by ( ) www.cnbc.com   time to read: +1 min
Apple iPhone 15 series devices are displayed for sale at The Grove Apple retail store on release day in Los Angeles, California, on September 22, 2023. The tax case against Apple was part of EU antitrust chief Margrethe Vestager's crackdown against deals between multinationals and EU countries which regulators saw as unfair state aid. The General Court in 2020 upheld Apple's challenge, saying that regulators had not met the legal standard to show Apple had enjoyed an unfair advantage. Advocate General Giovanni Pitruzzella at the EU Court of Justice (CJEU) said CJEU judges should set aside the General Court ruling and refer the case back to the lower tribunal. "The judgment of the General Court on 'tax rulings' adopted by Ireland in relation to Apple should be set aside," he said in a non-binding opinion.
Persons: Margrethe Vestager's, Apple, Apple's, Giovanni Pitruzzella, CJEU Organizations: Apple, Grove Apple, European Commission, EU, of Justice Locations: Los Angeles , California, Ireland
LONDON (AP) — Apple might end up on the hook after all for billions of euros in back taxes to Ireland in the latest twist in a longrunning European Union dispute, following a legal opinion Thursday from an adviser to the bloc's top court. The ECJ's opinions aren’t legally binding, but are often followed by the court. The Court of Justice is expected to come up with its legally binding decision next year. “We thank the court for its time and ongoing consideration in this case," Apple said in a prepared statement. "The General Court’s ruling was very clear that Apple received no selective advantage and no State aid, and we believe that should be upheld.”The European Commission declined to comment.
Persons: Giovanni Pitruzzella, Tim Cook, Donald Trump, Margrethe Vestager, , Pitruzzella, , Apple, Court’s Organizations: European Court of Justice, Apple, , European Commission, Court of Justice, European Locations: Ireland, European, U.S
But Advocate General Giovanni Pitruzzella at the European Court of Justice (ECJ) — the EU’s highest court — disagreed, saying judges should set aside the General Court ruling and refer the case back to the lower tribunal. “The judgment of the General Court on ‘tax rulings’ adopted by Ireland in relation to Apple should be set aside,” he said in a non-binding opinion. He said the General Court had committed a series of errors in law. “It is therefore necessary for the General Court to carry out a new assessment,” Pitruzzella said. Her biggest legal victory to date came in September when the General Court upheld her decision against a €700 million ($749 million) Belgian tax scheme for 55 multinationals.
Persons: Margrethe Vestager, Apple, Giovanni Pitruzzella, , , ” Pitruzzella, Michael McGrath, Court’s, Vestager Organizations: Apple, European Commission, European Court of Justice, Justice, Court, Ireland, Dublin, Stellantis, Starbucks, Belgian Locations: Luxembourg, Ireland
The European Commission in its 2016 decision said Apple benefited from two Irish tax rulings for more than two decades that artificially reduced its tax burden to as low as 0.005% in 2014. "The judgment of the General Court on 'tax rulings' adopted by Ireland in relation to Apple should be set aside," he said in a non-binding opinion. "It is therefore necessary for the General Court to carry out a new assessment," Pitruzzella said. Her biggest legal victory to date came in September when the General Court upheld her decision against a 700-million-euro Belgian tax scheme for 55 multinationals. Vestager is currently investigating IKEA brand owner Inter IKEA's Dutch tax arrangement in a case dating from 2017, Nike's (NKE.N) Dutch tax rulings and Finnish food and drink packaging company Huhtamaki's (HUH1V.HE) tax rulings granted by Luxembourg.
Persons: Mike Blake, Margrethe Vestager's, Apple, Apple's, Giovanni Pitruzzella, CJEU, Pitruzzella, Michael McGrath, Court’s, Vestager, Stellantis Organizations: REUTERS, Rights, EU, Apple, European Commission, of Justice, Justice, Court, Ireland, Dublin, Starbucks, IKEA, Inter IKEA's, Thomson Locations: La Jolla , California, U.S, Rights LUXEMBOURG, Ireland, Belgian, Luxembourg
Pisa, Italy CNN —The Tower of Pisa was once feared on the brink of collapse as the lean that made it such a popular landmark threatened its very existence. Trouble from the startExperts say the future of the tower is secure following remedial work to keep it standing. Earth was extracted from beneath the foundations of the Leaning Tower of Pisa to help reduce its tilt. Thanks to an agreement between Italy’s Ministry of Cultural Heritage and OPA, experts integrate satellite monitoring with data collected at ground level. The progress of these terrestrial and satellite monitoring activities will be presented next year, as part of the series of events scheduled to celebrate the tower’s 850th anniversary.
Persons: ” Andrea Maestrelli, Berta, Pisa Giovanni Paolo Benotto, Ignacio Palacios, Giulio Andreini, , Roberto Cela Organizations: Italy CNN, , Opera, UNESCO, Getty, Italy’s Ministry, Cultural Locations: Pisa, Italy
Matthias Schrader/Pool via REUTERSSummarySummary Companies Stadler given suspended sentence, 1.1 mln euro fineFirst former VW board member sentenced for diesel scandal fraudFormer exec, engineer also sentenced and finedJune 27 (Reuters) - Former Audi boss Rupert Stadler was handed a suspended sentence of one year and nine months by a Munich court on Tuesday for fraud by negligence in the 2015 diesel scandal, becoming the first former Volkswagen board member to receive such a sentence. Prosecutors had originally wanted a 2-million-euro fine, citing Stadler's salaries at Audi and Volkswagen and his financial and real estate assets. Stadler's trial, one of the most prominent court proceedings in the aftermath of the diesel scandal, has been ongoing since 2020. Audi's parent group Volkswagen (VOWG_p.DE) and Audi admitted in 2015 to having used illegal software to cheat on emissions tests. Stadler was accused of failing to stop the sale of the manipulated cars after the scandal became known.
Persons: Rupert Stadler, Matthias Schrader, Stadler, Ulrike Thole, Groll, Wolfgang Hatz, Giovanni P, Joern Poltz, Victoria, Friederike Heine, Jason Neely Organizations: Audi, VW, Volkswagen, Prosecutors, Thomson Locations: Munich, Germany
London CNN —A Munich court has handed former Audi CEO Rupert Stadler a suspended jail sentence of one year and nine months for fraud in the 2015 diesel emissions scandal that rocked Volkswagen Group. Stadler is the first Volkswagen (VLKAF) board member to be sentenced in the affair, some four years after German prosecutors laid fraud charges against the executive. He entered a plea bargain with the court, confessing to his crimes in order to avoid spending time in jail. The affair also led German prosecutors to charge former Volkswagen CEO Martin Winterkorn with fraud in 2019. Stadler, who had worked for Volkswagen since 1990, agreed to pay the company €4.1 million ($4.5 million) following the same investigation.
Persons: London CNN —, Rupert Stadler, Stadler, Audi’s, Wolfgang Hatz, Giovanni Pamio, Hatz, Pamio, Martin Winterkorn, Winterkorn, , , Organizations: London CNN, Audi, Volkswagen Group, , Volkswagen, VW, Porsche, “ Audi Locations: Munich, Berlin
It's part of an effort to address the country's labor shortage, Canada's immigration minister said. The US could solve its labor shortage too, experts told Insider, but Biden would have to be bolder. President Joe Biden's current course of action could mean that the labor shortage in the US is never really solved. Biden is replacing Trump-like anti-immigration policies with his ownThat's a major reason why the persisting labor shortage will likely never resolve. It's in direct opposition to the kind of policy changes that Peri said the US needs to make to address the labor shortage.
Land O'Lakes CEO Beth Ford told Time that allowing more immigration would help ease costs in the stretched industry. One food CEO is pointing to an untapped pool of people who could help businesses ease their labor shortage and lower prices for Americans: immigrants. To get some immigration reform," Beth Ford, the head of Land O'Lakes, a massive supplier of dairy goods, told Time's John Simons. It's a crisis out here in terms of labor availability." Amid labor shortage problems, Ford said that it's important to keep in mind that the demand for food is only growing.
While net international migration in 2022 wasn't as high as in 2016 — the high point for immigration between 2010 to 2022 — it's still the highest since 2017. Additionally, the authors note that 2022 is the "first time net international migration increased since 2016." The US would have had about two million more immigrants if not for those policies, Insider estimated based on the average growth rate from 2011 to 2016 for net international migration. According to Peri, "the number of immigrants who can come in legally is constrained" by laws and procedures that haven't really changed. Since entering office, President Joe Biden has reversed a number of Trump's restrictive immigration policies, although a number of them are still in place.
The Sundance Film Festival has long been known for premiering some of the most original — and ultimately the most award-winning — indie titles of the year. As the most notable international film festivals increasingly feature queer titles in their lineups, it’s no surprise that much of the exciting content premiering at this year’s Sundance Film Festival comes from LGBTQ filmmakers or features queer themes. The Premieres sectionAs usual, many of the year’s most high-profile films, including those from queer creators and featuring queer storylines, are coming out of the festival’s Premieres section. Courtesy of Sundance InstituteEnglert’s film will screen in the world cinema dramatic section alongside queer films “Girl,” from U.K. filmmaker Adura Onashile, and “Mamacruz,” from Spanish director Patricia Ortega. The list of LGBTQ creators and titles doesn’t end there, making this perhaps the most significant Sundance Film Festival for queer cinema yet.
DUBAI, United Arab Emirates — While the economic outlook for much of the world is predicted to be rocky over 2023, in the Gulf there's a buoyant mood. This is especially true for the United Arab Emirates, with the country's economy growing by more than 6% this year, according to the International Monetary Fund. For a few nights only, well-heeled guests sampled creations such as pan-fried squid with black garlic, Paris mushrooms and rocket. Michelin chiefs agree, saying that the UAE is now on par with the big global gourmet destinations such as Paris, New York, Singapore, and London. "We would say the restaurants in the Michelin Guide selection in the UAE are equal to the big cities."
But If you’re wondering why America’s labor shortage persists nearly three years into the Covid pandemic, it’s in part because America doesn’t have enough immigrants. Immigrants are vital to the US economy and fill thousands of US jobs – jobs many Americas don’t want to do. Federal Reserve Chairman Jerome Powell said that in addition to an aging workforce there is a lack of foreign labor contributing to labor shortages. Those types of industries had higher rates of unfilled jobs last year – adding to existing labor shortages, according to UC Davis research. “The farm labor crisis is hindering production and contributing to food price inflation.
Federal Reserve Chair Jay Powell said that there's a "structural labor shortage" happening right now. The structural labor shortage means workers will still hold the upper hand for years. "It feels like we have a structural labor shortage out there," Powell said. It's not a new thought, but it's one that's become increasingly held as the short-term — and potentially long-term — labor market continues to be extremely tight. Labor market data shows that plenty of them are getting hired.
A federal judge on Wednesday dismissed a proposed class action lawsuit by investors against the founders of the cryptocurrency EthereumMax, as well as celebrity endorsers including Kim Kardashian and boxer Floyd Mayweather Jr. over their promotion of the cryptocurrency on social media. Investors who bought EMAX tokens alleged they had suffered losses after taking the word of the celebrity influencers about the value of the crypto. The suit claims the defendants engaged in a conspiracy to artificially inflate the value of the EMAX tokens. "We're pleased with the court's well-reasoned decision on the case," Michael Rhodes, a lawyer for Kardashian, told CNBC. Fitzgerald in his ruling Wednesday said the EthereumMax lawsuit reflects a broader conflict surrounding celebrity and influencer promotional schemes.
Declining immigration and an aging population could cause the labor shortage to continue in the years ahead. And the labor shortage may only get worse in the years ahead. Those slowdowns have already contributed to the current labor shortage, and will continue to do so for years to come. "But it's happening very slowly, and I don't think it explains what is particularly going on in the labor market right now." A steady decline in the US' working age population might not only create problems for businesses looking to grow.
REUTERS/Aly SongVATICAN CITY, Nov 26 (Reuters) - The Vatican on Saturday accused Chinese authorities of violating a bilateral pact on the appointment of bishops by installing one in a diocese not recognised by the Holy See. A statement said the Vatican learned with "surprise and regret" that the bishop of another district had been installed as auxiliary, or assistant, bishop in Jiangxi. The unauthorized installation appeared to be one of the most serious violations of a 2018 agreement between the Vatican and Beijing on the appointment of bishops. The Vatican was expecting an explanation from Chinese authorities and was hoping that the "similar episodes are not repeated," the statement said. The Vatican statement came a day after a Hong Kong court found Zen and five others guilty of failing to register a now-disbanded fund for pro-democracy protesters.
By Ankush KhardoriIllustrations by Antonio Giovanni Pinna Mr. Khardori is a lawyer and legal analyst. Before he joined the federal government, he defended corporate clients against charges of fraud and other crimes. Trump is facing five major investigationsThe public has very little visibility into how these investigations are proceeding day by day, as government officials quietly gather evidence and plan their next moves. Were he to win the election, he could put an end to any pending federal prosecutions or investigations once in office. Below we illustrate the likely key steps for prosecutors and other enforcement officials, as well as offramps Mr. Trump could use to stay out of prison or otherwise mitigate the possible repercussions from these probes.
Nigerian billionaire Abdul Samad Rabiu says it’s time for African countries to work together to create a food value chain across the continent, and produce more goods for domestic consumption. Rabiu is the CEO of BUA Group, a conglomerate in food processing, infrastructure, manufacturing and mining. His company has made investments across the continent to cut its reliance on imports from Europe and Asia. High inflation, food insecurity, energy prices: What are you going to do to solve some of these issues? It’s a 20,000-hectare, four-in-one, fully integrated sugar plantation with sugar mill, sugar refinery, ethanol and power plant.
SPRE-UN ALT CANON Metamorfozele lui Mircea Cărtărescu
  + stars: | 2020-05-25 | by ( Doinel Tronaru | ) adevarul.ro   time to read: +20 min
Transformare, schimbare a înfăţişării sau, fig., a caracterului, a felului de a fi al unei persoane; p. gener. A fost republicată în volum în luna decembrie a aceluiaşi an la editura Kurt Wolff. Nota bene: Tema poate fi echivalată, până la urmă, cu cea a „schimbării subiectului“ (cf. Cu alte cuvinte, un nesfârşit text despre text, un meta-text (aici, „meta-“ are un alt sens dintre cele originale greceşti, cel de „despre“). Termenii de care se folosesc autorii şi, urmându-le exemplul, şi criticii, nu posedă sensuri atât de precise încât să putem vorbi în acest domeniu despre o terminologie tradiţională fermă.
Persons: Panait Istrati, Vers, ., Mircea Cărtărescu, Kafka, Cărtărescu, Gregor Samsa, Franz Kafka, Ovidiu, Hr, Virgiliu, Homer ., Publius Ovidius Naso, Homer, Hesiod, Titus Livius, Vergilius, Cezar, Lucius Apuleius, Lucius, Amor, Psyche, Kurt Wolff ., Breton, Stanley Corngold, Harold Bloom, Eminescu, Dionis, Nietzsche, Konrad Lorenz, Jean Paul, Johann Paul Friedrich Richter, Lorenz, îşi, Horia, Roman Patapievici, Martin Eden, Jack London, Giovanni Papini, Titu Maiorescu, Ferdinand de Saussure, George Călinescu, rusă Nikolai Berdiaev, Andrei Tarkovski, Apocalipsă, Elena Dulgheru, Tarkovski, !, Wayne C . Booth, Jakobson, Todorov, Flaubert, Gil Blas, Gérard Genette, Booth, Iser Organizations: Chelsea House Publishers Locations: Tomis, Constanţa, Metamorfoze, tinereţe, Jena, structuralişti, francez, rusă, Bucureşti, Petrovski
30 de titluri de cărți care ar trebui să apară în bibliotecă oricărui cititor în această varăÎn pregătirile pentru vacanța la plajă sau lungile zboruri cu avionul, găsește un moment de respiro și așază-te, fie la piscină , fie pe canapea cu o carte în poală și o limonadă rece alături. #diez ți-a pregătit o listă de 30 de lecturi pe care nu le poți trece cu ochii decât de la o copertă la alta! „Viața începe vineri.” „Viitorul începe luni.”#Orhan Pamuk. „Cartea râsului și a uitării”# James Joyce. „Sacrul și profanul”# Mircea Cărtărescu.
Persons: Stefan Zweig, Evgheni Vodolazkin, Kurt Vonnegut, Matei Vișniec, Mario Vargas Llosa, Antoine, Saint, Erich Maria Remarque, Andrei Pleșu, Boris Pasternak, Ioana Pârvulescu, Orhan Pamuk, Giovanni Papini, Gog, Michael Ondaatje, Murakami, Kafka, W . Somerset Maugham, Gabriel Garcia Marquez, Harper Lee ., J.D . Salinger, Milan Kundera, James Joyce, Eugene Ionesco, Regele, Hermann Hesse, Filip Florian, Mircea Eliade, Mircea Cărtărescu, Albert Camus, Mihail Bulgakov, Margarita, Szpilman Locations: Saint -
Ce trebuie să faci ca să profiți de „ofertă”Există o cabană unde orice turist poate să stea gratis. Cabana a fost construită în memoria alpinistului Luca Vuerich, care a murit într-o avalanşă în 2010, de către familia acestuia. Construcţia a fost proiectată de către arhitectul Giovanni Pesamosca şi se află pe traseul Ceria-Merlone. Materialele de construcţie au fost transportate cu elicopterul, fiind nevoie de 18 călătorii cu acesta pentru ca ele să ajungă în vârful muntelui. O echipă de 12 muncitori profesionişti, salvatori montani şi prieteni ai lui Luca au asamblat construcţia într-o singură zi.
Persons: Luca, Construcţia, Giovanni Pesamosca Organizations: Mediafax Locations: del Buinz, Italia
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