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Domain: finfacts.ie
Stories and comments across the archive that link to finfacts.ie.
Stories · 2
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Microsoft Uses WGA To Obtain Record Jail Sentences
theodp writes "According to Microsoft, 'No information is collected during the [Genuine Advantage Program] validation process that can be used to identify or contact a user.' That's little comfort to the software counterfeiters who were just handed jail sentences ranging from 1.5-6.5 years by the Futian People's Court in China, especially since Microsoft contends that much of the estimated $2B in bogus software was detected by its Windows Genuine Advantage program. 'Software piracy negatively impacts local economic growth,' explained Microsoft VP Fengming Liu in a celebratory New Year's Eve press release. But then again, so does transferring $16B of assets and $9B in annual profit to an Irish tax haven, doesn't it?" -
Facebook Finds Grass Greener In Ireland
theodp writes "Facebook announced it has chosen tax-haven Dublin for its international HQ, but not all are buying COO Sheryl Sandberg's line about local world-class talent being the motivation behind the move. The Irish Times recently reported that Irish subsidiaries owned by US multinationals are opting to convert to unlimited liability status, concealing the financial performance of their Irish operations from public view. They include Microsoft's incredibly profitable Irish subsidiaries Round Island One and Flat Island Company, Google Ireland Holdings, and a subsidiary of Apple Computer. The conversions have occurred as US tax authorities have increased their scrutiny of international mechanisms used by American multinationals to reduce their taxes at home."