859 posts • joined 10 Mar 2008
More weasel words from, perhaps, the most disliked Chancellor Britain's had.
"That unfairly undercuts British businesses both on the internet and on the high street, and today I can announce that we are taking action to stop it. That’s the first thing we do to help our small firms."
What a load of tosh. If he really wanted to help small firms he would remove the VAT burden for British businesses. To try to suggest he's somehow "helping" firms by continuing to impose taxes on them and the burden of compliance is, quite simply, disingenuous.
Small firms on the high street? Which country is he talking about? In Britain it's nearly all Charity Shops because they only pay 20% of the astronomical Business Rates. Where's the reduction in Business Rates to help the high street, Mr Chancellor?
He may be Tory, but he's definitely not pro-business.
It no secret that in the mobile phone market, Microsoft are the 'bottom feeders'. The only commercial success they've managed in smartphones is at the 'budget' end of the spectrum. They know it and everyone else knows it. Which is why they've announced the Lumia 535 as the first 'Microsoft' branded smartphone and not made some Quixotic play for dominance with a 'high-end' Lumia device as the first 'Microsoft' branded smartphone. To try and fault Microsoft for playing to their strengths is misdirected.
Another case of bullshit from the military?
I thought North Korea was bad, but this takes the biscuit.
"Hey, we've got this exo-thingy ready to trial, we're just looking for a military grade extension lead that'll plug in to the nearest working wall socket we find on the battlefield. Ideally, it'll come with adapters for US, UK and European sockets."
Is corporation tax relevant?
Shareholders are either taxed on dividends or - if the company doesn't distribute its earnings - capital gains when the shares are sold. The shareholder usually gets a credit for the amount of tax the corporation has actually paid. So, if the corporation pays no tax, the HMRC just gets it from the shareholders.
Peggy Hodge and her cronies can moan and moan as much as they like, but they should do what we're paying them to do: pass legislation.
There's a lot of media hyper-or-shite about companies avoiding tax, but the silence is deafening when it comes to criticism of MPs for complaining about the very tax laws that they passed.
Re: How long before...
I have to admit that I was 'wowed' when it was first announced. Looking at it now though - in light of all the hype around any Apple product - the cylindrical design is in danger of succumbing to thoughts of an empty giant BOG ROLL. I seriously doubt PC manufacturers will be chomping at the bit to reproduce this design. I'd expect they'd be halting manufacture of ANY new designs, while the PC market continues to go down - on topic - the shitter.
Re: Seems a bit pointless
It's vapourware and, given their recent offerings, by the time it does become tangible it'll be 6+ months old tech-wise. But that won't stop the faithful from buying it. You can knock Apple all you like but they consistently manage to shift old technology at premium prices. When you think about it, it's startling that they can continue to do this.
This might turn out to be a good thing for HTC. They've got too many handsets that are too close together tech-wise and they need to rationalise their product offering. Then they need to get back to old fashioned customer support. Fix bugs, push updates to older models, write more apps for Google Play, etc. It's not rocket science. They should make me CEO.
Stuxnet 2? Far fetched?
Stuxnet 2 was discovered in 2010 when VirusBlokAda stumbled across it. It was only upon its analysis that researchers discovered Stuxnet 1 and traced it back to a 2007 sample code upload to Virustotal. Researchers admit that without Stuxnet 2, it was extremely unlikely Stuxnet 1 would have been discovered.
So Iran's claim of a new Stuxnet variant (Stuxnet 3) is not far-fetched at all. The success of Stuxnet 1 in remaining hidden for a number of years only to be subsequently discovered by chance, is ample evidence that cyber-warfare is (a) effective, and (b) if done correctly, can remain effective for a long time.
While Iran - and other countries - continue to pursue a policy of nuclear enrichment (HEU or not), they will remain a target for countries that already possess the technology and do not want to see a proliferation of it.
I remember similar stories when I was in Oz 20 years ago. Since then, the 'necrosis' legend has turned out to be an urban myth. See http://www.australasian-arachnology.org/myths/white-tailed-spider/
It reminds me of the 'aggressive Grey Nurse shark" phobia in the 1970s which Ron and Val Taylor campained against at the time. It turned out that they were right all along. Grey Nurse sharks were, in fact, very timid.
Re: "Apple told El Reg in a statement"
My thoughts exactly.
A leopard can't change its spots and there's been no change in Apple's approach to PR.
The only reason why Apple have issued a statement to El Reg is because Apple are trying to get a message out any way they can when it is obvious - even to Apple - that this is a major blow to Apple's patent jihad.
Having been in the finance industry for >20 years it still continues to surprise me how much these individual are willing to lose, just to make a quick buck.
He now has a criminal record - for fraud.
He is no longer employable in the securities industry - ever.
He is unlikely to get an office job - ever.
Going to prison, he will either get gang-bashed or gang-raped - the choice is his. I have numerous friends who are criminal law solicitors and they all tell me this is exactly what happens in prison.
Was it really worth it?
"as well as a power plant"
Continuity of power supply in NK is a known problem, but I can't see how an independent power plant will solve NK's lack-of-fuel problem.
Seriously, I doubt there is any truth in the story.
Except for China, I doubt there are any 'foreign' investors willing to take the political risk of NK (ie. subsequent wholesale nationalisation of the plant by the DPRK). The only thing China could gain would be the absence of labour costs. I have no doubt that DPRK will use its unskilled, Gulag labour (yes, those labour camps that DPRK refuses to acknowledge exist despite the testimony of satellite imagery and NK defectors). Unskilled labour, poor quality control and an unacceptably high spoilage rate will make the venture uneconomic - even with zero labour cost.
The whole story is nothing but DPRK propaganda.
The 'phablet' genie is already out of the bottle. This attempt by Samsung to differentiate itself and take control of terminology is doomed to failure (phailure?). Just like MSFT's pathetic attempt to call their tablets 'slates', which has hopelessly failed as the word 'tablet' was already in common usage by then and continues to be the dominant term used in the market today.
The rapacious, money-hungry ATO beast is at it again
With Australia's Franking Credit System the clearest indicator that Corporate Taxes are nothing more than a pre-payment of shareholders' Personal Income Tax, it now decides that foreigners (not resident shareholders) should pay Australian tax on an Australia citizen's offshore purchases. I fail to see the difference between an Australian who buys a suit from a HongKong tailor while in HongKong on holiday, and when he buys another suit from the same HongKong tailor, but when he's back in Oz using the internet. Is 'being in the country when you clicked the mouse' really grounds for determining the source of the income? Why should the HongKong tailor have to pay any Australian tax? He doesn't live there. He doesn't use any of its public services. IMHO, the ATO has no moral right to put their hand in his pocket but, clearly, they think they do.
Shame Australia. Shame.
I went to the apple store on regent street a few years ago. It was a memorable experience. Firstly, because it was my first of two visits I've ever made, but mainly because of the encounter I had with a shop "genius". Not only could he not tell me if the intel chips in their mac book airs supported virtualisation, but he also tried to suggest OSX was the first 64 bit OS, a title which iirc belongs to Solaris. More droid than genius.
Evasion vs. Avoidance
Evasion is not paying tax that is legally due to be paid, ie. breaking the law. Avoidance is the opposite: no laws are broken because no tax was ever due - the person simply structured their affairs and planned their transactions so that the long arm of HMRC has no right to be in their pocket, taking 40%+ of what they earn.
As to the register. It's admirable but, it will fail unless everyone else does it. Even then, how is it ever going to deal with 'Bearer' securities? What use is an entry in the register that says:
"the beneficial ownership of these securities is with the entity that can produce them on their demand."
I'm all for going after tax evaders, but the question of avoidance should not come into such discussions. Avoidance is legal. If a taxpayer is not allowed to understand the law and work within it, then the UK is no different from a totalitarian regime. If you don't agree with avoidance, then blame the legislature for not making new laws. Don't simply criticise someone for obeying the law.
I've been to Vietnam
and the divide between North and South is still obvious. People in the South are more friendly to Westerners, more willing to haggle for a deal and generally very pleasant. In the North, the people are suspicious of Westerners, insist on an inflated price and thereby lose trade, and generally try to fleece Westerners all the time.
North Vietnam is cold, dark and grey. South Vietnam is warm, bright and sunny.
Re: Shipment doesn't mean...
"I've got friends with various android tablets (bought cheap) they used them for a few weeks and gave up (due to the horrid screen interaction), most of them now either use an iPad mini or went back to their laptops."
Well I've got friends who bought an iPad, found it too limiting (sharing files anyone?), and sold it to buy an Android tablet where things are just easier.
In fact I've got more friends who this happened to than your friends, so Android is winning.
And if anyone tries to come back and say they've got more friends who went to iPad than my friends who went to Android, well, you're wrong. It's an impossibility. I have more friends who went from iPad to Android thay anyone on this whole entire planet. So there. My friends count wins. Android wins. Apple loses. Apple is for losers.
I'm surprised Apple's market share lead has lasted so long. What we're now seeing is to be expected. When you're at the top, there's only one way you can go.
What's disappointing with Apple is their repeated failure to 'excite' the media with their recent offerings. There has been nothing 'revolution'. It's all been 'evolution'. And the media, quite rightly, thinks that pants.
For all his personal failings, Steve Jobs was a leader who instilled unquestionable faith in his followers by delivering again and again. He was a tough act to follow and the current board look amateur in comparison.
Apple has peaked. Unquestionably.
Scotland's out of the question because the natives still eat people
That's not right. The Scots don't do anything except spend their benefit cheques on Tennent's Super. Their two "greatest" financial institutions - RBS and Bank of Scotland - had to be bailed out by the taxpayer. Just like their economy every year. And they still suffer from the delusion they have rights to the UK's North Sea. LOL, have another 6 cans. On the taxpayer (of course).
I love that moniker!
Once I used to genuinely feel embarrassed at its mention, but now I've overcome this feeling and I'm liberated. Yes, it's cringe-worthy. Yes, it's Pants. And yes, it is a term invented by "cool" Westminster media types.
Let Birmingham have their HS2. Keep the 'Silicon Roundabout' in London!
Lies, damn lies and statistics
"profits of $5.24bn (up 17 per cent year on year) and earnings per share of $0.63 on record first-quarter revenues of $18.53bn (up 16 per cent)...Nothing could please investors more, and Microsoft's shares climbed more than 5.6 per cent during after-hours trading on the news".
Now, taking a look at the MSFT share price performance (what investors care about).
Year to date returns:
MSFT = +3.14%
S&P500 = +4.08%
So there you have it. An investor would have done better by just investing in an Index fund.
One for Eadon...MSFT FAIL!