Following tax investigation, Apple shelters billions in profits via Irish channels

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Date: Wednesday, November 8th, 2017, 03:32
Category: Finance, Legal, News

Apple has apparently found the mother of all tax shelter combinations.

Despite company CEO Tim Cook having stated that “We pay all the taxes we owe, every single dollar. We don’t depend on tax gimmicks, we don’t stash money on some Caribbean island” during a a United States Senate investigative subcommittee hearing in 2013, the company has apparently begun hoarding tax revenue through a connection in Ireland.

Within five months after Cook’s testimony, Irish officials began to crack down on the tax structure Apple was thought to be using. Apple had parked billions of dollars into multiple Irish jurisdictions before settling on the small island of Jersey, which typically does not tax corporate income.

In short, it seems that Apple has placed more than $128 billion in profits offshore, nearly all of these profits having been made since 2007 and the continued extraordinary success of the iPhone.

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Apple Pay Cash now available to try out in iOS 11.2 Public Beta

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Date: Wednesday, November 8th, 2017, 03:14
Category: Apple Pay Cash, Finance, iOS, News, Software

If you’ve looking to play around with Apple Pay Cash, now’s your chance.

Apple Pay Cash is now included in the iOS 11.2 public beta, which was released on Tuesday morning. Some developers running iOS 11.2 are also seeing Apple Pay Cash appear as an option in the Messages app this morning.

Since the beginning of October, Apple employees have been testing Apple Pay Cash in a special version of iOS 11.1 that allowed the feature to be enabled through an internal device certificate. The test was initially limited to corporate employees, but later expanded to retail employees. Apple Pay Cash did not end up shipping in iOS 11.1, but it is apparently ready for iOS 11.2.

The Apple Pay Cash feature is also incorporated into the Messages app and is designed for quick person-to-person money transfers, as seen with Square Cash or Venmo. Though most Apple Pay Cash coverage has focused on the iPhone, money can also be sent using an Apple Watch.

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iFixit publishes iPhone X teardown, finds logic board that’s been folded in half, other interesting changes

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Date: Wednesday, November 8th, 2017, 03:57
Category: battery, Hardware, iPhone, News

Once again, the cool cats at iFixit have gotten their mitts on the new iPhone and published a full teardown of their findings.

Some of the highlights of the teardown included the following:

Battery: The iPhone X uses a two-cell 10.35 Wh battery. Previous iPhones use a single-cell battery.

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