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Amazon.com defeats IRS appeal in US tax dispute

17 August 2019, 12:20 PM

Amazon.com Inc on Friday defeated an appeal by the US Internal Revenue Service in what the online retailer has called a $1.5-billion dispute over its tax treatment of transactions with a Luxembourg subsidiary.

Amazon’s new beauty store for professionals poses threat to retailers

24 June 2019, 9:41 PM

Amazon.com Inc on Monday unveiled its online professional beauty store to sell supplies to licensed professional stylists, barbers and estheticians, weighing on shares of other beauty retailers.

People walk past a sign in front of the Bank For International Settlements (BIS) in Basel.

Bank for International Settlements urges politicians to move fast as big tech moves into finance

24 June 2019, 6:42 AM

BIS said Politicians need to quickly coordinate regulatory responses to new risks from technology companies like Facebook moving into finance.

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G20 wants more tax from tech giants

8 June 2019, 3:51 PM

Group of 20 finance ministers have agreed to compile common rules to close loopholes used by global tech giants such as Facebook to reduce their corporate taxes.

Billionaire Warren Buffett gives new hint about his successor

5 May 2019, 5:03 PM

Billionaire Warren Buffett on Saturday gave a clue on who might succeed him to run his Berkshire Hathaway empire, but did not completely reveal his hand.

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