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Techquity: Taxing time for tech, Amazon aims for fan fiction

Wednesday, May 22, 2013 - 02:58

May 22 - World leaders go after low tax payments of Google, Apple and others. Plus, Amazon offers fans of popular books the chance to write related material for profit.

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Attacks meantime protect the spotlight shifts from the US to EU. Leaders from France Germany the UK and other nations meeting in Brussels. -- boy didn't strategies from Google Amazon and apple high on the list of topics. As the EU this is an estimated one trillion euros a year to tax sedation or avoided. UK prime minister David Cameron says fixing the tax issue. We'll require international collaboration. And sharing tax information. Ahead of the opposition Labour Party -- -- and taking a harder line. Accusing Google the company events -- going to extraordinary lengths to avoid paying tax. Google's come under scrutiny in the UK ports low tax payments as it claims most sales are handled by its -- office. Chairman Eric Schmidt who was at the event said virtually all American companies have structures like it. This is how the international tax regime works so unfamiliar. Do those shares down about 1% today in the 900. Apple up 1% near 445. Amazon not talking taxes today but publishing instead. The company giving you a chance to profit from Fayette fiction. An -- -- worlds where it will give a car sales authors of works inspired by books like Gossip Girl vampire diaries. Amazon securing licenses from the publishers who will also get a percentage of the take it looks -- stories of the littlest 5000 words so get writing. Here's today down more than 1%. What urge you may be coming to a close for sprint well another remains up in the there. Clearwire -- board has approves Britain's offered up by the wireless services provider sprint races yesterday to 340 per share from under three bucks. Is requires approval of shareholders course Japan's Softbank can dancers still negotiating to buy sprint. Large trading near that three dollar forty cent offer price today that means it's down nearly 1%. Sprint down fractionally -- near its 52 week high. Soaring -- sputtering time soaring it's tango. -- -- companies cited development deal with Germany's that they keep proving it does take two to tango. Shares are up 11%. Sputtering so who wins the network management sop carmaker paying 120 million dollars to buy privately held software firm N able technologies. -- the -- -- solar -- cloud computing services shares are down 12%. That's equity this Wednesday remember you can follow us on Twitter -- RS equity. I'm Rhonda schaffler this Ryder.

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Techquity: Taxing time for tech, Amazon aims for fan fiction

Wednesday, May 22, 2013 - 02:58