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Apple Inc
Google and prominent telecom groups urge Brussels to act over Apple’s iMessage
...The telecoms companies and Google argued in their letter, which was sent to the EU’s internal market commissioner, Thierry Breton, that the “fundamental nature” of iMessage as “an important gateway between...
November 8, 2023
News in-depthSocial Media
TikTok accused of mishandling sexual harassment allegations
...The UK and Europe are considered TikTok’s largest markets after the US, accounting for more than $800mn of its revenue in 2021....
March 14, 2023
FT Live
Business of Entertainment Summit
Capitalizing on Disruption
Thursday, 19 SeptemberLos Angeles, CA
News updates from December 20: S&P 500 falls the most in three months, Toshiba delists and enters private hands
US revenue agency to waive $1bn in back taxes penalties
...The Internal Revenue Service had temporarily stopped sending postal reminders to pay overdue tax bills, and as many as 4.7mn taxpayers could have been affected....
December 19, 2023
US tax
US tax agency targets executives’ personal use of corporate jets
...The Internal Revenue Service said on Wednesday that it was preparing “dozens” of audits of large corporations, partnerships and high-income taxpayers to see if their use of jets had been properly designated...
February 21, 2024
FT Alphaville
When’s a flapjack not a flapjack? It’s a maddeningly difficult question
...In any complex discussion about cakes, biscuits and confectionery, the elephant in the room is Customs and Excise Commissioners v Ferrero UK Ltd....
March 11, 2024
The Big Read
How Google lost ground in the AI race
...Google software engineer Diane Hirsh Theriault, who has worked for the company for eight years, wrote on LinkedIn in January, that leaders had “no real vision of their own” and were instead “trying to point...
April 5, 2024
FT Live
Bank of the Year Awards 2024
Recognising the best in banking globally
Wednesday, 4 DecemberLondon, UK
Energy crisis
German €200bn energy support plan sparks ‘animosity’ within EU
...Thierry Breton, the EU’s internal market commissioner, said on Twitter that while Germany was able to afford to borrow €200bn on financial markets, some other EU member states could not do the same, as he...
September 30, 2022
X Corp
EU warns Elon Musk over Twitter moderation plans
...Thierry Breton, the EU’s commissioner for the internal market, told the Financial Times that Musk must follow rules on moderating illegal and harmful content online after Twitter accepted the billionaire...
April 26, 2022
LexArm Ltd
Arm/SoftBank: even an army of underwriters cannot stand up $70bn valuation Premium content
...US and UK export controls mean revenues there, nearly a quarter of the company total, are under threat....
August 22, 2023
HM Revenue & Customs
Walkers’ Sensations Poppadoms vs HMRC: Crunch time
...Last week, a verdict was passed down in the case of Walkers Snack Foods Ltd v Commissioners for His Majesty’s Revenue and Customs, with first-tier tribunal judges Anne Fairpo and Sonia Gable ruling against...
January 19, 2024
Israel-Hamas war
Musk’s vision for free speech on X tested by Israel-Hamas war misinformation
...Brooking and others also note the consequences of a “creator” programme introduced in July that gives cash to X’s top users through an advertising revenue share....
October 11, 2023
FT WealthStephen Foley
IRS sets its sights on tax avoidance by the super-rich and corporations
...Yet the number of inspectors employed by the Internal Revenue Service to audit complex tax returns — the kind filed by the ultra-wealthy and corporations — has fallen by almost half over the same period...
May 17, 2023
Accounting & Consulting services
The Ritblat vs HMRC files
...Ritblat v The Commissioners For Her Majesty’s Revenue and Customs (BL-2021-000675) — Amended Particulars of Claim — Defence & Counterclaim — Reply and Defence to Counterclaim (plus summary) HMRC v Delancey...
December 14, 2022
The Big Read
The ‘monumental consequences’ of Ukraine joining the EU
...“There will be an awful lot of internal work to ensure we have our own house in order.”...
August 6, 2023
Transcript
Transcript: What will work look like in 2024?
...Even very recently, Accenture just reported its results and said that it had racked up $450mn of revenues from AI-related work....
December 26, 2023
FT Live
Business of Art
Market shifts and future growth
Monday, 7 October180 Studios, London, UK
Transcript
How Microsoft bagged Activision Blizzard
...Richard Waters This was an internal lawyer by the name of Brad Smith, who had nearly a decade of experience inside Microsoft....
October 25, 2023
Due Diligence
Can Sequoia get its spark back? Premium content
...Job moves The European Commission has appointed Belgium’s Didier Reynders as the EU’s competition chief, while incumbent commissioner Margrethe Vestager takes a leave of absence to run for the top job at...
September 6, 2023
888 Holdings PLC
888 chief exits as online betting group launches VIP accounts probe
...A spokesperson for the gambling commissioner for Gibraltar, where 888 is licensed, told the Financial Times that it would be “reviewing” the internal investigation in due course....
January 30, 2023
News in-depthUS politics & policy
Republicans attack $80bn funding boost for US tax collection agency
...Charles Rettig, commissioner of the Internal Revenue Service, knew that an $80bn funding boost for the agency included in the bill was becoming one of the package’s most controversial measures among Republicans...
August 21, 2022
Europe Express
EU ministers to agree on ammunition plan for Ukraine Premium content
...Thierry Breton, the EU’s internal market commissioner, is pushing to use the EU budget and the European Investment Bank to finance defence projects....
March 20, 2023
Europe Express
Why Germany has blocked the road to banning EU combustion engines Premium content
...That would offer a lifeline to the German car industry, which is home to auto giants such as Volkswagen, BMW and Mercedes-Benz and generates about a fifth of the country’s industrial revenues....
March 6, 2023
Internal Revenue Service US
IRS looks to beef up protection after receiving threats over $80bn funding
...Charles Rettig, the commissioner of the Internal Revenue Service, wrote to employees on Tuesday announcing the review and urging them to report any threats or concerns to managers....
August 23, 2022
Trade Secrets
A dirigiste Europe gives free-trade Sweden a hospital pass Premium content
...It’s one of the last genuine free-trading countries in a union increasingly heading towards dirigisme, symbolised by the energetic French internal markets commissioner Thierry Breton....
January 16, 2023
Activision Blizzard Inc
FTC sues to block Microsoft’s $75bn acquisition of Activision Blizzard
...The Activision deal would be Microsoft’s largest ever acquisition and would make it the third-biggest gaming company in terms of revenues, behind China’s Tencent and Japan’s Sony....
December 8, 2022
Leon Black
Leon Black’s downfall confounds the legacy of #MeToo on Wall Street
...Epstein joined the board of Black’s family foundation in 1997; he is said to have resigned a decade later, although documents filed with the Internal Revenue Service continued to name him as a trustee for...
November 22, 2023

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