France will start taxing tech giants at a national level in 2019 if European Union countries can't agree on a joint tax on digital revenues.Bruno Le Maire, France's finance minister, set a deadline Thursday after EU finance ministers failed to agree on a plan earlier this week, Reuters reported."I am giving myself until March to reach a deal on a European tax on digital giants," Le Maire told France 2, Reuters noted. "If it doesn't work out, we will do it at a national level, from 2019."The plan, first unveiled in March, calls for a 3 percent tax on revenues earned by companies like Facebook and Google within the EU. Now playing: Watch this: Why Google got slapped with a $5B fine by the EU 2:28 Under current rules, those companies only pay tax in countries where they have a physical presence, even though they're offering services in other EU countries and making money from their citizens.The tax plan needs support from all 28 EU nations, but has met resistance from Ireland … [Read more...] about France will tax tech giants in 2019 regardless of EU agreement
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Just when special counsel Robert Mueller’s Russia probe appeared to be picking up steam, a report on the anti-Donald Trump text messages between two senior FBI officials affiliated with both Mueller’s investigation and the probe into Hillary Clinton’s emails has led to the launch of a Justice Department ethics investigation. According to the Washington Post, a review of the text messages between senior FBI agent Peter Strzok and senior FBI lawyer Lisa Page show that the pair had frequent discussions about their political views, which included their mutual dislike of then-presidential candidate Trump and their fear that he would win the election. The texts were turned over to lawmakers Tuesday night and are now the subject of an ethics investigation by the Justice Department’s inspector general. Among the anti-Trump comments shared between the two, both called Trump “an idiot.” When Strzok’s bosses learned of his text messages with Page, he … [Read more...] about Could an Ethics Investigation of 2 FBI Agents Derail Mueller’s Russia Probe?
Welcome to the Jalopnik Weekend Motorsports Roundup, where we let you know what’s going on in the world of racing, where you can see it, and where you can talk about it all in one convenient place. Where else would you want to spend your weekend? It’s WRC Finland weekend! That’s practically the home of WRC. IndyCar tackles Mid-Ohio as Graham Rahal pulls a Pat Gallagher and has an Ohio State football-inspired helmet. NASCAR’s Sprint Cup goes to Pocono, NHRA goes to Sonoma, and World Superbikes head to Sepang. NASCAR’s Xfinity Series heads to Iowa, which will be Kenny Wallace’s last race behind the wheel. Bonus: the Continental Tire Sports Car Challenge race from Lime Rock finally hits TV, and that was one of the craziest races I’ve watched in a long, long time. If you know about anything we missed, or about good livestreams out there, let us know in the comments below. All times below are EDT. NASCAR Sprint Cup Windows 10 400 Practice … [Read more...] about Weekend Motorsports Roundup, Aug. 1-2, 2015
Nokia continues to bob gently in the water as its vast vessel fills with water from underneath -- and from the massive financial thunderstorm overhead. But in a bid to generate much-needed cash at the Finnish former phone giant, Nokia is issuing convertible bonds in order to raise €750 million ($980 million) as the firm attempts to claw back market share lost to Apple, Samsung and its other major smartphone rivals. Nokia's cash position has fallen from €4.2 billion ($5.4bn) in June to €3.6 billion ($4.7bn) in September -- a cash burn rate of about €600,000 ($780,000) in three months. (To put this in perspective, equally ailing RIM -- though is seeing dim lights of recovery, had a Q1 2011 cash position of $2.2 billion but in Q2 2011 it had managed to cut costs and add another $100,000 $100 million to the cash pile, raising the figure to $2.3 billion. That said, RIM doesn't have any long-term debt unlike Nokia, and it cut 2,000 jobs already this year, … [Read more...] about Nokia seeks $980m from bonds in cash conservation mission
Another arrest has been made in connection with black market site Silk Road 2.0.Brian Richard Farrell, a 26-year-old man from Seattle, was arrested Tuesday for allegedly acting as a "key administrator" for Silk Road 2.0, acting US Attorney Annette Hayes announced. Farrell, who allegedly used the handle "DoctorClu" on the black market site, is charged with conspiracy to distribute heroin, methamphetamine and cocaine.The original Silk Road launched in February 2011. It took until early 2013 for the first alleged dealer on the site to be charged with a crime. The arrest of Farrell spells more bad news for those who are operating in the underground Internet market. The original Silk Road was once the most prominent black market online, allowing users who used anonymizer service Tor to buy illegal drugs, illegal pornography and other unlawful goods and services. Tor allows Web users to bounce their IP addresses across the world to effectively conceal their identity. However, as recent … [Read more...] about Silk Road 2.0’s alleged ‘DoctorClu’ arrested on drug-related charges