By BeauHD from Slashdot's offshore-accounts department
An anonymous reader quotes a report from BBC: The world's most profitable firm has a secretive new structure that would enable it to continue avoiding billions in taxes, the Paradise Papers show. They reveal how Apple sidestepped a 2013 crackdown on its controversial Irish tax practices by actively shopping around for a tax haven. It then moved the firm holding most of its untaxed offshore cash, now $252 billion, to the Channel Island of Jersey. Apple said the new structure had not lowered its taxes. It said it remained the world's largest taxpayer, paying about $35 billion in corporation tax over the past three years, that it had followed the law and its changes "did not reduce our tax payments in any country."
Leaked emails also make it clear that Apple wanted to keep the move secret. One email sent between senior partners at Appleby says: "For those of you who are not aware, Apple [officials] are extremely sensitive concerning publicity. They also expect the work that is being done for them only to be discussed amongst personnel who need to know." Apple chose Jersey, a UK Crown dependency that makes its own tax laws and which has a 0% corporate tax rate for foreign companies. Paradise Papers documents show Apple's two key Irish subsidiaries, Apple Operations International (AOI), believed to hold most of Apple's massive $252 billion overseas cash hoard, and Apple Sales International (ASI), were managed from Appleby's office in Jersey from the start of 2015 until early 2016. This would have enabled Apple to continue avoiding billions in tax around the world. The report notes that Apple paid just $1.65 billion in taxes to foreign governments, despite making $44.7 billion outside the U.S. That's a tax rate of 3.7%, which is less than a sixth of the average rate of corporation tax in the world.Read Replies (0)
By msmash from Slashdot's stranger-things department
"Someone or something or some combination of people and things is using YouTube to systematically frighten, traumatize, and abuse children, automatically and at scale, and it forces me to question my own beliefs about the internet, at every level," writes James Bridle. From the article: To begin: Kid's YouTube is definitely and markedly weird. I've been aware of its weirdness for some time. Last year, there were a number of articles posted about the Surprise Egg craze. Surprise Eggs videos depict, often at excruciating length, the process of unwrapping Kinder and other egg toys. That's it, but kids are captivated by them. There are thousands and thousands of these videos and thousands and thousands, if not millions, of children watching them. [...] What I find somewhat disturbing about the proliferation of even (relatively) normal kids videos is the impossibility of determining the degree of automation which is at work here; how to parse out the gap between human and machine. The New York Times, last week: Parents and children have flocked to Google-owned YouTube Kids since it was introduced in early 2015. The app's more than 11 million weekly viewers are drawn in by its seemingly infinite supply of clips, including those from popular shows by Disney and Nickelodeon, and the knowledge that the app is supposed to contain only child-friendly content that has been automatically filtered from the main YouTube site. But the app contains dark corners, too, as videos that are disturbing for children slip past its filters, either by mistake or because bad actors have found ways to fool the YouTube Kids algorithms. In recent months, parents like Ms. Burns have complained that their children have been shown videos with well-known characters in violent or lewd situations and other clips with disturbing imagery, sometimes set to nursery rhymes.Read Replies (0)
By msmash from Slashdot's outage-reports department
Readers share a report: Comcast's internet service, Xfinity, appears to be suffering an outage across the country. DownDetector.com shows it being down around the United States, including in large cities like San Francisco, Los Angeles, and Boston. So far, online reports don't suggest that TV service or home phones are affected. On Twitter, Comcast confirmed the outage. Adding, "Some customers are having issues with their XFINITY Internet service. We apologize & appreciate your patience while we work to fix." The company tweeted moments ago, "Our teams continue to monitor an external network issue. We apologize for the inconvenience -- will provide updates as we learn more." In another tweet, Comcast said the issue is nationwide. Update: At 20:39 GMT on Monday, Comcast said it had resolved the issue.Read Replies (0)
By msmash from Slashdot's outage-reports department
Readers share a report: Comcast's internet service, Xfinity, appears to be suffering an outage across the country. DownDetector.com shows it being down around the United States, including in large cities like San Francisco, Los Angeles, and Boston. So far, online reports don't suggest that TV service or home phones are affected. On Twitter, Comcast confirmed the outage. Adding, "Some customers are having issues with their XFINITY Internet service. We apologize & appreciate your patience while we work to fix." The company tweeted moments ago, "Our teams continue to monitor an external network issue. We apologize for the inconvenience -- will provide updates as we learn more." In another tweet, Comcast said the issue is nationwide.Read Replies (0)
By msmash from Slashdot's how-about-that department
Intel and AMD, arch-rivals for decades, are teaming up to thwart a common competitor, Nvidia. On Monday, the two companies said they are co-designing an Intel Core microprocessor with a custom AMD Radeon graphics core inside the processor package. The chip is intended for laptops that are thin and lightweight but powerful enough to run high-end videogames, the companies said. From a report: Executives from both AMD and Intel told PCWorld that the combined AMD-Intel chip will be an "evolution" of Intel's 8th-generation, H-series Core chips, with the ability to power-manage the entire module to preserve battery life. It's scheduled to ship as early as the first quarter of 2018. Though both companies helped engineer the new chip, this is Intel's project -- Intel first approached AMD, both companies confirmed. AMD, for its part, is treating the Radeon core as a single, semi-custom design, in the same vein as the chips it supplies to consoles like the Microsoft Xbox One X and Sony Playstation 4. Some specifics, though, remain undisclosed: Intel refers to it as a single product, though it seems possible that it could eventually be offered at a range of clock speeds. [...] Shaking hands on this partnership represents a rare moment of harmony in an often bitter rivalry that began when AMD reverse-engineered the Intel 8080 microchip in 1975.Read Replies (0)
By msmash from Slashdot's where-we-are department
There are two very different pictures of the students roaming the hallways and labs at New York University's Tandon School of Engineering. At the undergraduate level, 80 percent of the students are United States residents. But that number, The New York Times reports, falls below the 20 percent mark when you move to the graduate level (Editor's note: the link could be paywalled). From the report: The Tandon School -- a consolidation of N.Y.U.'s science, technology, engineering and math programs on its Brooklyn campus -- is an extreme example of how scarce Americans are in graduate programs in STEM. Overall, these programs have the highest percentage of international students of any broad academic field. In the fall of 2015, about 55 percent of all graduate students in mathematics, computer sciences and engineering were from abroad, according to a survey by the Council of Graduate Schools and the Graduate Record Examinations Board. In arts and humanities, the figure was about 16 percent; in business, a little more than 18 percent. The dearth of Americans is even more pronounced in hot STEM fields like computer science, which serve as talent pipelines for the likes of Google, Amazon, Facebook and Microsoft: About 64 percent of doctoral candidates and almost 68 percent in master's programs last year were international students, according to an annual survey of American and Canadian universities by the Computing Research Association. In comparison, only about 9 percent of undergraduates in computer science were international students (perhaps, deans posit, because families are nervous about sending offspring who are barely adults across the ocean to study).Read Replies (0)
By EditorDavid from Slashdot's on-the-rocks department
"A key polar satellite used to measure the Arctic ice cap failed a few days ago, leaving the U.S. with only three others, and those have lived well beyond their shelf lives," writes long-time Slashdot reader edibobb. The Guardian reports that all three of the remaining satellites "are all beginning to drift out of their orbits over the poles" and will no longer be operational by 2023. This could put an end to nearly 40 years of uninterrupted data on polar ice, notes the original submission, adding "It seems like there would be a backup satellite, right?
"In fact, there was a backup satellite ready to go." The $58 million satellite was dismantled in 2016 when the Republican-controlled Congress cut its funding. (The Guardian reports that many scientists "say this decision was made for purely ideological reasons.") Now Nature reports:
The U.S. military is developing another set of weather satellites...but the one carrying a microwave sensor will not launch before 2022. That means that when the current three aging satellites die, the United States will be without a reliable, long-term source of sea-ice data... For now, the the U.S. National Snow and Ice Data Center is preparing for those scenarios by incorporating data from Japan's AMSR2 microwave sensor into its sea-ice record. Another, more politically fraught option is to pull in data from the China Meteorological Administration's Fengyun satellite series... Since 2011 Congress has banned NASA scientists from working with Chinese scientists -- but not necessarily from using Chinese data. One final possibility is finding a way to launch the passive-microwave sensor that scientists at the U.S. Naval Research Laboratory salvaged from the dismantled DMSP satellite. The sensor currently sits at the Aerospace Corporation in El Segundo, California, where researchers are trying to find a way to get it into orbit.Read Replies (0)
By EditorDavid from Slashdot's don't-get-smart-with-me department
Back in 2015, the owners of some Samsung smart TVs complained about their viewing of films and other content being constantly interrupted by a recurring Pepsi ad. It turned out that yes, the Samsung TV itself was inserting the ad into content.
Samsung said at the time that it was a software glitch that caused this. They left a function on by default that should have been off when they shipped the TVs. But it proves that Smart TVs have an unnerving capability built into them -- the ability to interrupt content playback with product ads actually stored on the TV itself.
So here's the question -- what if all Smart TV makers suddenly decide that having the ability to push custom ads to the owner of the TV is "fair game"? What if they decide "You want to own this model of TV for XXX Dollars? Well, you can have it, but we'll reserve the right to show you customized advertising as you are viewing stuff with it"? Are there any laws anywhere that would protect TV owners from such intrusive advertising?Read Replies (0)
By EditorDavid from Slashdot's Hey-Siri-stop-crashing department
Yesterday MacRumor reported that "Asking Siri something like 'What's the temperature?' or 'What's the weather?' or 'Is it raining?' causes the Apple Watch to crash."
The issue has been documented in several threads on the MacRumors forums and on Reddit, and we've also been able to replicate it on our own devices. Complaints about the problem appear to have started this morning, and the bug is confirmed to be affecting both LTE and GPS Apple Watch Series 3 models as well as older Apple Watch models running watchOS 4.1. Not all Apple Watch owners in all countries are affected, but it appears to be impacting users in the United States, Canada, and Europe.
The problem may have been caused by Daylight Savings Time, they reported yesterday, since "asking Siri about the weather tomorrow or next week doesn't cause a problem -- it's only questions about the current weather conditions that are resulting in errors."
Engadget confirms that "The issue appears to be over. We've checked both before and afterward, and it's now safe to ask Siri if it's raining."Read Replies (0)
By EditorDavid from Slashdot's ancient-kings-and-elvish-lords department
An anonymous reader quotes The Verge:
Amazon Studios has been looking for a way to duplicate HBO's success with Game of Thrones, and the company may have found a solution: adapting J.R.R. Tolkien's The Lord of the Rings into a TV series. Variety reports that the company is currently in talks with Warner Bros. Television and the late author's estate, and while discussions are said to be in "very early stages," it is clearly a high priority, with Amazon CEO Jeff Bezos himself involved in the negotiations.
Amazon isn't the only looking into the rights, according to Deadline, which reports that the Tolkien Estate is looking to sell the television rights to the iconic fantasy series to the tune of $200-250 million, and has approached Netflix and HBO as well. There appears to be some strings attached: the rights might not encompass all of the characters in the story. HBO has reportedly passed on the project.
"We can hear the pitch now," jokes The Verge. "It's like Game of Thrones, only with a series of books that are actually finished."Read Replies (0)
By EditorDavid from Slashdot's world's-second-biggest-data-leak department
Long-time Slashdot reader Freshly Exhumed tipped us off to a new document leak that's just revealed massive tax havens used by the world's most wealthy and powerful people. An anonymous reader quotes the Guardian:
The material, which has come from two offshore service providers and the company registries of 19 tax havens, was obtained by the German newspaper Suddeutsche Zeitung and shared by the International Consortium of Investigative Journalists with partners including the Guardian, the BBC and the New York Times. The project has been called the Paradise Papers.
It's the same group responsible for the Panama Papers, and the Guardian reports that in these 13.4 million new files, journalists have discovered:
"How Twitter and Facebook received hundreds of millions of dollars in investments that can be traced back to Russian state financial institutions."
"Aggressive tax avoidance by multinational corporations, including Nike and Apple."
"Extensive offshore dealings by Donald Trump's cabinet members, advisers and donors, including substantial payments from a firm co-owned by Vladimir Putin's son-in-law to the shipping group of the US commerce secretary, Wilbur Ross."
"The tax-avoiding Cayman Islands trust managed by the Canadian prime minister Justin Trudeau's chief moneyman."
"The publication of this investigation, for which more than 380 journalists have spent a year combing through data that stretches back 70 years, comes at a time of growing global income inequality," reports the Guardian. "Meanwhile, multinational companies are shifting a growing share of profits offshore -- €600 billion in the last year alone -- the leading economist Gabriel Zucman will reveal in a study to be published later this week. "Tax havens are one of the key engines of the rise in global inequality," he said."Read Replies (0)