
Ahead of the national election in the UK this May, Chancellor George Osborne has proposed a ‘Google Tax’, a 25 percent tax on tech companies’ profits earned from their UK operations, reports The Sunday Times. The proposal is an attempt to curb these companies’ tactics to avoid taxes, usually accomplished by diverting profits offshore. The ‘diverted profits’ tax may be included in the UK Budget, and is slated to come into force next month. At 25 percent, the new tax is significantly higher than the standard 20 percent corporation tax rate — but it will be applied only to companies with annual…
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If you had any doubt about Google’s balloon-powered internet service getting off the ground, rest assured that it’s coming along nicely. The company has been granted a patent for its methods to control the altitude of its Project Loon balloons, which operate in the stratosphere over 12 miles (20 km) above sea level. The balloons use LTE technology to provide connectivity, and move with the stratified winds in the stratosphere to arrange themselves to form a communications network. The new patent allows for ways to move the balloons between wind strata. Each balloon is comprised of an inflatable envelope, a…
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