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Ireland Signs On To Global Deal Seeking To Curb Tax Avoidance

Slashdot - Thu, 07/10/2021 - 21:45
Ireland, a low-tax country that is the European headquarters to some of the largest U.S. technology companies, said it would join a global agreement to set a minimum rate of 15% for taxing corporate profits, easing the way to a final agreement on an overhaul of how multinationals are taxed around the world. From a report: Ireland had been one of a small number of holdouts when the outlines of a global agreement were settled in July. That accord, driven by the U.S., aims to overhaul the way multinationals are taxed, the culmination of a yearslong effort to squeeze tax avoidance arrangements. While small, Ireland plays an outsize role in strategies used by companies from the U.S. and elsewhere to lower their global tax bills. Most of the largest U.S. technology firms have their European headquarters in Ireland, and the country has also attracted the largest U.S. pharmaceutical companies. Ireland's decision to raise its corporate tax rate from 12.5% after the agreement is implemented is a concession to key allies, particularly the U.S. "I do believe that where we are now is balanced and represents a fair compromise, reflecting the interests of the many countries involved," said Paschal Donohoe, Ireland's finance minister. Companies that rely on intellectual property can concentrate their profits in Ireland rather than in the higher-tax countries where their consumers live, and that has been a source of frustration for other governments.

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Categories: Technology

IBM US staff must be fully vaccinated by December – or go back to bed without pay

The Register - Thu, 07/10/2021 - 21:42
And that's regardless of whether they work from home or are in the office

All IBM employees in America must be fully vaccinated against COVID-19 by December 8 – or they’ll be suspended from work with no pay.…

Categories: Technology

Taiwan's TSMC, After US Request, Says It Won't Leak Sensitive Info

Slashdot - Thu, 07/10/2021 - 21:05
Taiwan chipmaker TSMC will not leak any sensitive company information as part of a White House request for details on the ongoing semiconductor crisis that has forced cuts to U.S. auto production, the company's general counsel said. From a report: The White House made the request to automakers, chip companies and others last month. Secretary of Commerce Gina Raimondo said a voluntary request for information within 45 days on the chips crisis would boost supply chain transparency and that if companies did not answer the voluntary request "then we have other tools in our tool box that require them to give us data." The issue has caused concern in Taiwan that companies like Taiwan Semiconductor Manufacturing Co, the world's largest contract chipmaker and a major Apple supplier, would have to hand over sensitive data. "Don't worry. We definitely will not leak our company's sensitive information, especially that related to customers," TSMC's general counsel Sylvia Fang said on Wednesday, in comments provided by the company on Thursday. "Customer trust is one of the key elements to our company's success," she added. "If this is to resolve supply chain issues, we will see how best we can do to help them. We have done so many things. For the part of auto chips, we've tried to increase output and prioritize auto chips to a certain degree."

Read more of this story at Slashdot.

Categories: Technology

Russian spies reportedly used SolarWinds hack to steal US counterintelligence details

The Register - Thu, 07/10/2021 - 20:30
Jackpot moment for SVR operatives

Russia's SVR spy agency made off with information about US counterintelligence investigations in the wake of the SolarWinds hack, according to people familiar with the American government cleanup operation.…

Categories: Technology

Microsoft: Russia Behind 58% of Detected State-backed Hacks

Slashdot - Thu, 07/10/2021 - 20:25
Russia accounted for most state-sponsored hacking detected by Microsoft over the past year, with a 58% share, mostly targeting government agencies and think tanks in the United States, followed by Ukraine, Britain and European NATO members, the company said. From a report: The devastating effectiveness of the long-undetected SolarWinds hack -- it mainly breached information technology businesses including Microsoft -- also boosted Russian state-backed hackers' success rate to 32% in the year ending June 30, compared with 21% in the preceding 12 months. China, meanwhile, accounted for fewer than 1 in 10 of the state-backed hacking attempts Microsoft detected but was successful 44% of the time in breaking into targeted networks, Microsoft said in its second annual Digital Defense Report, which covers July 2020 through June 2021. While Russia's prolific state-sponsored hacking is well known, Microsoft's report offers unusually specific detail on how it stacks up against that by other U.S. adversaries. The report also cited ransomware attacks as a serious and growing plague, with the United States by far the most targeted country, hit by more than triple the attacks of the next most targeted nation. Ransomware attacks are criminal and financially motivated. By contrast, state-backed hacking is chiefly about intelligence gathering -- whether for national security or commercial or strategic advantage -- and thus generally tolerated by governments, with U.S. cyber operators among the most skilled. The report by Microsoft, which works closely with Washington government agencies, does not address U.S. government hacking.

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Categories: Technology

Love Island's Jack Fincham says he hit 'rock bottom' and tried to take his own life last Christmas

This Is Total Essex - Thu, 07/10/2021 - 20:08
'I was ready to go. I didn’t want to be here. It’s upsetting to think'
Categories: Local News

Firefox Now Shows Ads As Sponsored Address Bar Suggestions

Slashdot - Thu, 07/10/2021 - 19:45
waspleg writes: Mozilla is now showing ads in the form of sponsored Firefox contextual suggestions when U.S. users type in the URL address bar. Mozilla says the feature was introduced with Firefox 92 in September to fund development and optimization. Mozilla describes Firefox Suggest contextual suggestions as opt-in, in BleepingComputer's tests and from what users have reported, the feature is on by default. Furthermore, Firefox doesn't tag the ads displayed via Firefox Suggest. There is no clear way to identify what a sponsored suggestion and what a regular unsponsored suggestion should look like. The only way Firefox users will know whether a sponsored suggestion is an ad would be by looking at the URL, but, in many cases, the URL is not clearly visible.

Read more of this story at Slashdot.

Categories: Technology

Microsoft Makes a Mouse From Recycled Ocean Plastic

Slashdot - Thu, 07/10/2021 - 19:05
New submitter myinnerbanjo writes: With plastics in oceans becoming more and more of a global disaster, Microsoft uses recycled ocean plastic to create a new computer mouse:"We wanted to do something that's different," said Corinne Holmes, director of environmental compliance, Windows & Devices. "I don't want the clean stuff. We wanted to push the bar. This plastic wasn't from a collection bin sitting on the beach. It was recovered out of a river. It's dirty. It was sitting there for six months, not three weeks."

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Categories: Technology

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