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Domain: microfocus.com
Stories and comments across the archive that link to microfocus.com.
Stories · 2
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New Global Plan Would Crack Down On Corporate Tax Avoidance
HughPickens.com writes: Reuters reports that plans for a major rewriting of international tax rules have been unveiled by the Organisation for Economic Co-operation and Development (OECD) that could eliminate structures that have allowed companies like Google and Amazon to shave billions of dollars off their tax bills. For more than 50 years, the OECD's work on international taxation has been focused on ensuring companies are not taxed twice on the same profits (and thereby hampering trade and limit global growth). But companies have been using such treaties to ensure profits are not taxed anywhere. A Reuters investigation last year found that three quarters of the 50 biggest U.S. technology companies channeled revenues from European sales into low tax jurisdictions like Ireland and Switzerland, rather than reporting them nationally.
For example, search giant Google takes advantage of tax treaties to channel more than $8 billion in untaxed profits out of Europe and Asia each year and into a subsidiary that is tax resident in Bermuda, which has no income tax. "We are putting an end to double non-taxation," says OECD head of tax Pascal Saint-Amans.For the recommendations to actually become binding, countries will have to encode them in their domestic laws or amend their bilateral tax treaties. Even if they do pass, these changes are likely 5-10 years away from going into effect. Speaking of international corporate business: U.K. mainframe company Micro Focus announced it will buy Attachmate, which includes Novell and SUSE. -
Microsoft Makes Push for COBOL Migration
geoff313 writes: "It would appear that Microsoft is making a real push for the migration of existing COBOL applications to Windows and their .Net platform. Micro Focus, a company who makes COBOL migration products and last year became a member of Microsoft's Visual Studio Industry Partner (VSIP) program, announced their Net Express with .Net product, a plug-in to Microsoft Visual Studio .Net 2003. It allows for COBOL code to be integrated and manged with other code in Visual Studio. In an interview with eWeek he declares that 'Micro Focus and Microsoft are bringing the mainframe to Windows and .Net'. This makes me wonder, are there any Open Source projects working to provide for this eventual migration? Gartner estimates that over 75% of business data is processed by an approximately 200 billions lines of COBOL, so this seems like a huge potential market to lose to Microsoft."