On Friday Italian police raided the Milan offices of Facebook over possible violations of tax laws. Facebook Italia is based in Milan and is associated with Facebook Inc. in the United States and Facebook Ireland. Facebook Italia said it had “cooperated fully”, with he Italian authorities. The Italian-registered company, according to its official document, has social capital of $13,000 and 11 employees and therefore pays very low taxes. Facebook Italia had gross revenues of 2.0 million euros in 2011, which counted as “services” for promotion on the Italian market. A probe by Italian tax police against Google Italy last month found that the company failed to declare income of $310 million and pay value added tax of 96 million euros. The investigation into Facebook came as it emerged, that Starbucks agreed to voluntarily pay more tax in the UK could see its global tax payments reduced. The investigation also comes just weeks after Google faced similar action, when it was suspected of having failed to declare millions of euros in income. Everybody is of course denying all wrong doing as usual.
Looks like SAC Capital Advisers is starting to crumble at its core, as the best performers of Steve Cohen’s fund are starting to look for exit signs, you know just in case the Securities and Exchange Commission brings down the fund over an alleged insider trade. Even though Cohen’s employees are not running for the exits, yet, some hedge fund recruiters are apparently starting to see signs that the rock-solid allegiance of these top-shelf traders, is softening. Traders who recently blew off recruiters looking to pitch them on leaving Cohen’s $14 billion fund, are now at least hearing them out. Last month, SAC told investors and employees that the firm could be sued by the Securities and Exchange Commission tied to the insider-trading arrest of a former employee. Cohen himself, is accused of having participated in the trade, which prosecutors say earned SAC a whopping $276 million, the largest single insider-trading profit ever. The criminal probe of alleged SAC actions and the regulatory pressure from the SEC might be the reason, why some of the firm’s traders are looking to jump ship and are thinking about life after Cohen.
X-Mas is rearing its head and if you are in a shopping in frenzy for your girl friend as you should be, hee some tips on what NOT to get her for X-Mas:
Do not get her kitchen appliances and similar gadgets, that could turn your normally loving girl into a gremlin in an instant! UNLESS she specifically asked for it – and even then it could just be a test. So when she says: “Aaaww darling I don’t need diamonds and necklaces, just get me something practical” don’t fall for it or you may end up in the dog house or worse get upgraded if you know what I mean. Also do not get her a gym membership, for the obvious reasons. Unless she specifically asks for it, and remember even that this could be a test! If she sais “Oh darling I just want to join that fancy gym around the corner” don’t fall for it! Secretely she might be fishing for a compliment and actually wants that diamond. So if you cant give it all, opt for the diamond! The best would be for you to get her that “Mixer” and when she is looking nice and disappointed, tell her there is something else under the tree – and that something better be diamond. We girls love surprises!!! Side note to the girls: don’t slap your guy across the face if what you get is a mixer – chances are he saw my video!
On Friday Italian police raided the Milan offices of Facebook over possible violations of tax laws. Facebook Italia is based in Milan and is associated with Facebook Inc. in the United States and Facebook Ireland. Facebook Italia said it had “cooperated fully”, with he Italian authorities. The Italian-registered company, according to its official document, has social capital of $13,000 and 11 employees and therefore pays very low taxes. Facebook Italia had gross revenues of 2.0 million euros in 2011, which counted as “services” for promotion on the Italian market. A probe by Italian tax police against Google Italy last month found that the company failed to declare income of $310 million and pay value added tax of 96 million euros. The investigation into Facebook came as it emerged, that Starbucks agreed to voluntarily pay more tax in the UK could see its global tax payments reduced. The investigation also comes just weeks after Google faced similar action, when it was suspected of having failed to declare millions of euros in income. Everybody is of course denying all wrong doing as usual.
Looks like SAC Capital Advisers is starting to crumble at its core, as the best performers of Steve Cohen’s fund are starting to look for exit signs, you know just in case the Securities and Exchange Commission brings down the fund over an alleged insider trade. Even though Cohen’s employees are not running for the exits, yet, some hedge fund recruiters are apparently starting to see signs that the rock-solid allegiance of these top-shelf traders, is softening. Traders who recently blew off recruiters looking to pitch them on leaving Cohen’s $14 billion fund, are now at least hearing them out. Last month, SAC told investors and employees that the firm could be sued by the Securities and Exchange Commission tied to the insider-trading arrest of a former employee. Cohen himself, is accused of having participated in the trade, which prosecutors say earned SAC a whopping $276 million, the largest single insider-trading profit ever. The criminal probe of alleged SAC actions and the regulatory pressure from the SEC might be the reason, why some of the firm’s traders are looking to jump ship and are thinking about life after Cohen.
X-Mas is rearing its head and if you are in a shopping in frenzy for your girl friend as you should be, hee some tips on what NOT to get her for X-Mas:
Do not get her kitchen appliances and similar gadgets, that could turn your normally loving girl into a gremlin in an instant! UNLESS she specifically asked for it – and even then it could just be a test. So when she says: “Aaaww darling I don’t need diamonds and necklaces, just get me something practical” don’t fall for it or you may end up in the dog house or worse get upgraded if you know what I mean. Also do not get her a gym membership, for the obvious reasons. Unless she specifically asks for it, and remember even that this could be a test! If she sais “Oh darling I just want to join that fancy gym around the corner” don’t fall for it! Secretely she might be fishing for a compliment and actually wants that diamond. So if you cant give it all, opt for the diamond! The best would be for you to get her that “Mixer” and when she is looking nice and disappointed, tell her there is something else under the tree – and that something better be diamond. We girls love surprises!!! Side note to the girls: don’t slap your guy across the face if what you get is a mixer – chances are he saw my video!