25 January 2016

Apple's Mobile Music-Making Makeover (video)

Apple's Mobile Music-Making Makeover - GarageBand and the new Music Memos app make music creation on iPhones and iPads easy, even for amateurs. Nathan Olivarez-Giles reviews both apps. Published on Jan 21, 2016

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18 January 2016

Top Tech Trends at the 2016 NY Boat Show (video)

Top Tech Trends at the 2016 NY Boat Show - Take a look at the top new technology hitting the waves at the 2016 New York Boat Show. Published on Jan 8, 2016

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11 January 2016

Hyperloop to Begin Building First Systems 2017-2020 (video)

Hyperloop to Begin Building First Systems 2017-2020 - Hyperloop CEO Rob Lloyd discusses the growth and future of Hyperloop. He speaks from CES 2016 on "Bloomberg Markets." (Source: Bloomberg) Published on Jan 8, 2016

Hyperloop - Wikipedia: "The Hyperloop is a conceptual high-speed transportation system put forward by entrepreneur Elon Musk, incorporating reduced-pressure tubes in which pressurized capsules ride on an air cushion driven by linear induction motors and air compressors. As of 2015, designs for test tracks and capsules are being developed, with construction of a full-scale prototype scheduled for 2016."

Hyperloop | SpaceX: "Since we first unveiled the idea for a new high-speed ground transport system called the Hyperloop back in 2013, there has been a tremendous amount of interest in the concept. We are excited that a handful of private companies have chosen to pursue this effort. Neither SpaceX nor Elon Musk is affiliated with any Hyperloop companies. While we are not developing a commercial Hyperloop ourselves, we are interested in helping to accelerate development of a functional Hyperloop prototype...."

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04 January 2016

How Much Apple and Other US Tech Companies Pay in Taxes

Infographic: How Much U.S. Tech Companies Pay in Taxes | Statista
Source: Statista

As the chart above illustrates, Apple is far from alone among tech companies in trying to pay as little taxes as possible. Apple and Google and other large tech companies have been accused of avoiding U.S. taxes by stashing foreign earnings in countries with lower corporate tax rates. When asked about his company’s tax avoidance practices in an interview with “60 Minutes”, Apple’s CEO Tim Cook rebutted the allegations saying that Apple pays “every tax dollar it owes”. He also criticized the U.S. tax code for being outdated in the digital age and claimed that Apple pays more taxes than any other company. While possibly true in total terms, it definitely isn't in relation to the company's outlandish profits. In 2014, Apple paid $13.97 billion in income taxes, which is more than what IBM, Microsoft and Google paid combined. But Apple’s effective tax rate (the average rate at which pre-tax profits are taxed) in 2014 was 26.1%, 2.5 percentage points below the average tax rate paid by S&P 100 companies in 2014, as well as the statutory federal income tax rate of 35%.

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