Facebook Inc (NASDAQ FB) is testing a new ‘Satire’ tag to help users clearly tell the difference between a genuine news headline and the fake or satirical news stories in their News Feed. Many satirical publications such as The Onion usually come up with almost believable headlines. The headline “Tips for Being an Unarmed Black Man” comes across as genuine to users who don’t apply … Continue reading Facebook Stock Tests A New Tag: Active Stock FB
The US Patent Office and Trademark Office (USPTO) is an agency of the US Department of Commerce that exists to grant patents for the protection of inventions and to register trademarks. Given the importance of intellectual property protection for all businesses, but especially those in the technology sector, keeping abreast of these past and future changes to the US Patent Office guidelines and processes in … Continue reading US Patent Office Changes Businesses Should be Aware of
Bargain hunters should focus on biotechs since momentum is clearly on their side. On Wednesday, stocks closed higher, led by the small- and mid-cap sectors. The Nasdaq led all other indices, up 1%, while the S&P 500 rose 0.7% with 7 of 10 sectors advancing, and the Dow industrials gained 0.6%. Retail sales for July were flat, but rather than this being interpreted as a … Continue reading Biotech Stocks Are A Bargain in Today’s Market
A recent legal referral in the EU may be inching the region a little closer to more unity on one small element of bitcoin taxation, but it won’t do much to help global confusion on the matter. Cryptocurrencies are so new that few member states have worked out how to interpret the VAT rules for them.
In June, Sweden asked Europe’s highest court, the European Court of Justice (ECJ), whether cryptocurrency exchanges are liable for value-added tax on the fees that they charge for their services. The result could have far-reaching implications for tax in the region.
In Europe, there is a directive on VAT that explains how it should be levied. EU directives are powerful documents, designed as high-level guides that member states can interpret when making their own laws. Belgium, Croatia, Cyprus, the Czech Republic, Greece, Hungary, Ireland and Italy haven’t decided whether to charge bitcoin exchanges VAT on the service that they provide. Latvia, Luxembourg, Malta, Portugal, Romania and Slovakia have no regulations on the matter either.
Some states have firm rulings on the matter of VAT for Bitcoins. The UK was among the first, effectively making bitcoin trading exempt from VAT in a ruling published in March. While exchanges and miners are off the hook, though, the UK says that VAT should be charged when goods and services are sold for bitcoin. Denmark has also said that bitcoin trades will be free of VAT.
Several states have taken an opposing view. Estonia made its own decision about VAT on profits from bitcoin exchange services, levying a 20% tax on those trading bitcoins as a service. It is also charging a 10% tax on profits from selling bitcoins. Poland has imposed a 23% VAT on bitcoin mining profits, although its position on bitcoin exchanges isn’t clear.
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Continue reading “Europe Closes In On Taking a Decision Regarding Bitcoin VAT”
Google (NASDAQ GOOG) has a big problem and this time, it involves sharks. The search giant’s fiber optic cable lines in the Pacific Ocean are being ravished by great white sharks and now the company is forced to do a massive repair project. Google plans on reinforcing the fiber-optic cables deep inside the ocean to prevent sharks from eating through the cables. The reason sharks … Continue reading Stock News: Shark Problems for Google Inc (NASDAQ GOOG)
In an historical development, Apple Inc (NASDAQ AAPL) has started housing data servers on Chinese soil to store personal data of Chinese users, potentially out of the reach of US legal jurisdiction. Although Apple claims the move is to “improve service,” the issue of government access to cell phone communications that can be used to control a domestic population is addressed. The storage would include … Continue reading Top Stock: Apple (NASDAQ AAPL) Plans Servers in China
