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The Telecom Digest for May 24, 2013
Volume 32 : Issue 112 : "text" Format
Messages in this Issue:
Uncovering Apple's Tax Havens | On Point with Tom Ashbrook (Monty Solomon)
Telco/cellco/data location and data mining (danny burstein)

====== 31 years of TELECOM Digest -- Founded August 21, 1981 ======

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Date: Thu, 23 May 2013 11:11:02 -0400 From: Monty Solomon <monty@roscom.com> To: telecomdigestmoderator.remove-this@and-this-too.telecom-digest.org. Subject: Uncovering Apple's Tax Havens | On Point with Tom Ashbrook Message-ID: <p0624084fcdc3e1813cdf@[]> http://onpoint.wbur.org/2013/05/22/apple-taxes Uncovering Apple's Tax Havens On Point with Tom Ashbrook May 22, 2013 Apple in the hot seat. Lawmakers say the company dodged billions in taxes on overseas profits. We'll look at the world of offshore tax escapes. The headlines looked pretty bad for Apple this week on taxes and offshore shelters. "Gimmicks." "Schemes." Billions dodged. Stateless subsidiaries paying taxes nowhere, on giant revenues. Then on Tuesday, Apple CEO Tim Cook in the hot seat in Washington, insisting that Apple is proud to be an American company, that it's broken no laws. Reminding Congress of the billions it does pay in U.S. taxes. Apple is not the only U.S. corporation working the edges of tax law in the global economy. It's a big deal. Up next On Point: Apple's taxes, American law and offshore escapes. -- Tom Ashbrook Guests Jesse Drucker, investigative reporter for Bloomberg News and author of the journalism series "The Great Corporate Tax Dodge." (@JesseDrucker) Kara Swisher, co-executive editor of the technology news website AllThingsD. (@karaswisher) Edward Kleinbard, professor of law at the University of Southern California's School of Law. He served as Chief of Staff of the Joint Committee on Taxation. Alan Auerbach, professor of economics and law at University of California Berkeley and director of the Burch Center for Tax Policy and Public Finance there. He also served as deputy Chief of Staff of the Joint Committee on Taxation. ***** Moderator's Note ***** So now the chickens come home to roost: having helped American multi-nationals to put millions of americans out of work, having looked the other way while corporate executives shopped for the right jurisdictions to defend themselves against shareholder lawsuits, and having ignored warnings from world-class economists about the long-term effects of moving manufacturing, computer programming, and design efforts to third-world countries, the Congress is now seeing its own ox being gored. Our "public servants", who acted stupidly and selfishly to line their own campaign coffers by allowing corporate lobbyists to write the tax code, now have the gaul to act surprised when the same lobbyists tell their customers they don't need to pay Uncle Sam. I'd say they brought it on themselves, but there is no "they": we elected these avaricious, short-sited, simple fools, so the problem is closer to home: in Pogo's immortal words, "We have met the enemy, and he is us". Bill Horne Moderator
Date: Thu, 23 May 2013 21:26:56 -0400 From: danny burstein <dannyb@panix.com> To: telecomdigestmoderator.remove-this@and-this-too.telecom-digest.org. Subject: Telco/cellco/data location and data mining Message-ID: <Pine.NEB.4.64.1305232126030.16851@panix5.panix.com> Phone Firms Sell Data on Customers by Anton Troianovski The Wall Street Journal Big phone companies have begun to sell the vast troves of data they gather about their subscribers' locations, travels and Web-browsing habits. The information provides a powerful tool for marketers but raises new privacy concerns. Even as Americans browsing the Internet grow more accustomed to having every move tracked, combining that information with a detailed accounting of their movements in the real world has long been considered particularly sensitive. The new offerings are also evidence of a shift in the relationship between carriers and their subscribers. Instead of merely offering customers a trusted conduit for communication, carriers are coming to see subscribers as sources of data that can be mined for profit, a practice more common among providers of free online services like Google and Facebook. When a Verizon Wireless customer navigates to a website on her smartphone today, information about that website, her location and her demographic background may end up as a data point in a product called Precision Market Insights. The product, which Verizon launched in October 2012 after trial runs, offers businesses like malls, stadiums and billboard owners statistics about the activities and backgrounds of cellphone users in particular locations. Several European mobile-network operators have launched similar efforts. This week, German software giant SAP AG is introducing a service that will gather smartphone-use and location data from wireless carriers and offer it to marketing firms. Write to Anton Troianovski at anton.troianovski@wsj.com rest at - http://finance.yahoo.com/news/phone-firms-sell-data-customers-231300766.html _____________________________________________________ Knowledge may be power, but communications is the key dannyb@panix.com [to foil spammers, my address has been double rot-13 encoded]
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