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Search resuls for: "José Castañeda"

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Analysis: G7 global tax plan may hit corporate titans unevenly
  + stars: | 2021-06-10 | by ( Tom Bergin | ) + 0.00   time to read: +7 min
Four tax specialists concurred with Reuters’ methodology but noted that there is still uncertainty about how the measures would be applied, including which tax breaks are included in the 15% minimum overseas tax. Applying the same methodology to J&J, and its 2020 global profits of $16.5 billion, the healthcare company would see its global tax bill rise by about $270 million as a result of the first measure. Also at issue is which country the profit is moved from and to - and therefore what the increase in tax rate is. Excluding the impact of the first proposed measure, increasing the tax rate on overseas income to 15% would mean $45 million of additional tax. Applying a 15% tax rate to that overseas income figure would result in $990 million in additional taxes, according to Reuters’ calculations.
Persons: Rishi Sunak, Stefan Rousseau, Johnson, José Castañeda, , Organizations: Lancaster House, Reuters, Google, Inc, UK Treasury, Organization for Economic Cooperation, Thomson Locations: London, Britain, U.S, United States, Canada, France, Germany, Italy, Japan, United Kingdom, Paris, Bermuda
read moreThe statement on the U.S. Treasury Department website touting the deal also discusses the "removal of all Digital Services Taxes, and other relevant similar measures, on all companies." CCIA members include Facebook, Google and Twitter. He noted that the communique over the weekend set expectations that digital services taxes will be repealed. "Companies are supportive of these global tax talks and the minimum tax is the price of tax certainty." DelBianco was unimpressed with the possibility of the deal scrapping digital services taxes.
Persons: Jose Castaneda, Matthew Schruers, Adam Kovacevich, Steve DelBianco, DelBianco, it’s Organizations: Apple, Facebook, Google, U.S . Treasury Department, Computer and Communications Industry Association, Twitter, Chamber, Progress, Inc, Twitter Inc, Thomson Locations: France, China
Google says supports work to update international tax rules
  + stars: | 2021-06-05 | by ( Reuters Staff | ) + 0.99   time to read: 1 min
FILE PHOTO: The Google logo is seen on on the company's European headquarters in Dublin, Ireland, February 27, 2021. REUTERS/Clodagh Kilcoyne/File PhotoWASHINGTON (Reuters) - Google said on Saturday that it supports the work being done to update international tax rules after G7 finance ministers agreed to pursue a global minimum corporate tax of at least 15% and to reallocate taxing rights for large, profitable multinational companies. “We strongly support the work being done to update international tax rules. We hope countries continue to work together to ensure a balanced and durable agreement will be finalized soon,” Google spokesman José Castañeda said in an emailed statement.
Persons: Clodagh, José Castañeda Organizations: REUTERS, WASHINGTON, Google Locations: Dublin, Ireland
The PAC told federal regulators that its bank failed to recoup the money. An Insider investigation found political committees lost at least $2.7 million to theft during the 2020 election. The Google LLC NetPAC told federal regulators that it's effectively ending efforts to recover money it reported stolen in December. Read more: Thieves stole at least $2.7 million from federal political committees during the 2020 election cycle. During March, the company's PAC contributed money to several dozen political candidates and committees in bucking a trend among corporate PACs curtailing their contributions.
Persons: NetPAC, Seth Webb, Wells Fargo, Webb, Read, Joe Biden's, Jose Castaneda, Nancy Pelosi, Adam Schiff of California, Jamie Raskin, Debbie Dingell of, Mike Lee of, Mike Crapo of, Tom Emmer, Liz Cheney, Peter Meijer Organizations: Google's PAC, PAC, Google, Wells, Wells Fargo Bank, Federal, Commission, Republican Party of Wisconsin, International Brotherhood of Teamsters, Humane Society Legislative, company's, Maryland, Google's Locations: Wells Fargo, California, Debbie Dingell of Michigan, Maryland, Sens, Mike Lee of Utah, Mike Crapo of Idaho, Minnesota, Wyoming, Peter Meijer of Michigan
Google pauses federal campaign contributions after U.S. Capitol siege
  + stars: | 2021-01-11 | by ( Reuters Staff | ) sentiment -1.00   time to read: 1 min
FILE PHOTO: An illuminated Google logo is seen inside an office building in Zurich, Switzerland December 5, 2018. REUTERS/Arnd Wiegmann/File PhotoOAKLAND, Calif. (Reuters) - Alphabet Inc’s Google will pause all campaign donations from its political action committee, a spokesman said, in the wake of the violent storming of the U.S. Capitol and efforts to block the certification of election results“We have frozen all NetPAC political contributions while we review and reassess its policies following last week’s deeply troubling events,” spokesman Jose Castaneda said.
Persons: Arnd, , Jose Castaneda Organizations: REUTERS, OAKLAND, U.S . Capitol Locations: Zurich, Switzerland, Calif
Google will halt political contributions following the deadly siege of the US Capitol building last week. Microsoft and Facebook also announced Monday they would freeze political contributions following the attack. Google is joining other major companies in halting political contributions after a pro-Trump mob violently stormed the US Capitol building. Google joins Microsoft and Facebook, who also announced on Monday they would halt all political donations and would reassess contributions. Large company CEOs condemned the siege at the Capitol building in external and internal memos.
Persons: Sundar Pichai, Jose Castaneda, Morgan Stanley, Joe Biden's, Twitter, Donald Trump Organizations: Google, Capitol, Microsoft, Facebook, Trump, Marriott, Dow, Republican, YouTube Locations: United States
Big Tech's stealth push to influence the Biden administration
  + stars: | 2020-12-21 | by ( Nandita Bose | ) + 0.00   time to read: +8 min
REUTERS/Mike SegarThe Biden transition team has already stacked its agency review teams with more tech executives than tech critics. A Biden transition spokesman Cameron French said agency review team members and future administration appointees will be committed to implementing Biden’s policy ideas. His vice-chairman on the commission, former deputy secretary of defense Robert Work, has briefed the Biden transition team on national security issues. Now, executives with Amazon are pushing allies for roles inside the Biden administration, according to sources who work with the transition. Facebook, unlike the other companies, has already made significant inroads into the Biden transition team, multiple sources said.
Persons: Joe Biden’s, Joe Biden, Georgia Jon Ossoff, Raphael Warnock, Mike Segar, Biden, Cameron French, Harris, , Jay Carney, ” Carney, Jose Castaneda, , Max Moran, Eric Schmidt, Schmidt, Robert Work, Christopher Kirchhoff, Obama, Jared Cohen, Jigsaw, Cohen, Indra Nooyi, Jessica Hertz, Austin Lin, Erskine Bowles, Jeff Zients, Biden’s, Antony Blinken, Blinken, Google’s Castaneda, Carney, Alex Harman, it’s Organizations: WASHINGTON, Big Tech, Democratic U.S, Pullman, REUTERS, Biden, Inc, Google, Inc, Facebook Inc, Microsoft Corp, U.S . Commerce Department, Office, United States Trade Representative, Information, Regulatory Affairs, White, Office of Management, State Department, Department of Defense, Department of Justice, Federal Trade Commission, Facebook, Microsoft, Reuters, , National Security, Artificial Intelligence, Biden White, Staff, Schmidt Futures, Amazon, Management, Pepsi, Commerce Department, State, WestExec Advisors, West Exec, WestExec, Public Citizen Locations: Georgia, Atlanta , Georgia, U.S
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