Wisconsin Denies Foxconn Tax Benefits Over Failed Manufacturing Plant Promises
By: Fox Business October 12, 2020 Taiwan-based Apple supplier Foxconn is failing to deliver on promises associated with its multibillion-dollar manufacturing facility in Wisconsin – so much so that the state is withholding coveted tax incentives. The world’s largest electronic provider was promised a $3 billion incentives package, but failed to meet key milestones necessary to receive […]
San Francisco Voters Approve New Taxes for Wealthy CEOs and Tech Companies
By: The Guardian November 5, 2020 In an effort to address economic disparity laid bare by the coronavirus pandemic, San Francisco voters overwhelmingly approved several tax measures targeting property owners and big businesses with CEOs paid far higher than their average workers. Under the new law, any company whose top executive earns 100 times more […]
Amazon and Apple ‘Not Playing Their Part’ in Tackling Electronic Waste
By: The Guardian November 26, 2020 Global giants such as Amazon and Apple should be made responsible for helping to collect, recycle and repair their products to cut the 155,000 tonnes of electronic waste being thrown away each year in the UK, MPs say. An investigation by the environmental audit committee found the UK is […]
Robots on the Rise as Americans Experience Record Job Losses Amid Pandemic
By: The Guardian November 27, 2020 They can check you in and deliver orange juice to your hotel room, answer your questions about a missing package, whip up sushi and pack up thousands of subscription boxes. And, perhaps most importantly, they are completely immune to Covid-19. While people have had a hard time in […]
Netflix to Start Declaring £1bn-Plus UK Revenues to HMRC
By: The Guardian November 28, 2020 Netflix is to finally start declaring the £1bn-plus revenues it makes from millions of British subscribers each year to the UK tax authorities, a move likely to ramp up pressure on tech firms such as Google and Amazon to stop funnelling revenues through overseas tax jurisdictions. Netflix, which has funnelled UK-generated revenue […]
The ESG Weekly: Facebook and The Downgrade
By: ESG Now November, 2020 We downgraded Facebook from a BBB to a B; but why? Well, it has to do with a little something called governance, and the fact that we revamped how we assess governance in our ESG ratings model. Today, we discuss the Facebook downgrade and the changes to how we […]
New UK Tech Regulator to Limit Power of Google and Facebook
By: The Guardian November 27, 2020 A new tech regulator will work to limit the power of Google, Facebook, and other tech platforms, the government has announced, in an effort to ensure a level playing field for smaller competitors and a fair market for consumers. Under the plans, the Competition and Markets Authority (CMA) will gain a […]
Apple Lobbies for Tax Breaks for Manufacturing More Chips in United
By: Bloomberg October 21, 2020 Apple Inc. has been lobbying the U.S. government on tax breaks to support domestic chip production, suggesting the iPhone maker is keen to move more of its supply chain to the U.S. In second– and third-quarter disclosure reports, the company said it lobbied officials from the Treasury Department, Congress and the White […]
The Future Means Business
By: PGIM Autumn, 2019 The modern firm is one of society’s most powerful inventions, with more than 50% of economic transactions taking place internally within firms rather than through market mechanisms.1 The decisions made by firms are major drivers of value creation and destruction – and matter immensely to long-term investors given over half […]