I used to work as a the sole waiter in a restaurant where the cash register consisted of a wooden cigar box and a solar-powered Casio calculator. I’m an honest chap, and the chef was also the owner, so it worked just fine. But times have changed, and now there exists a modern alternative to our old cedar box. It’s called the Cashbox and it is fashioned from beautiful bamboo varnished to look like a hideous high-school craft project.
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Earlier in this day, we reported on a New York Times piece in which the paper claimed that Apple was using a variety of measure to avoid paying U.S. income tax. It turns out that the Times based key pieces of its information on a study that had been discredited two weeks prior.
The data used by the Times included a report by the Greenlining Institute, which made errors in computing Apple’s supposed tax rate at 9.8% for the 2011. The data used by the report effectively compared Apple’s 2011 profit with taxes paid by the company for profits in 2010 and drew unfounded conclusions as a result.
Over the weekend, the New York Times ran another in its series of exposes about Apple. This one focused on Apple’s complex mix of offices and subsidiaries located throughout the world and the U.S. that allow the company to keep large portions of its more than $100 billion in low-tax states and countries.
The report comes after the paper’s expose on working conditions within Foxconn, the contractor that Apple uses to assemble most of its products and calls by politicians and members of the media for Apple to move more of its manufacturing and money to American soil.
Some folks just aren’t all that great with money. For some it’s because it’s just not something that’s fun to do. They have all the knowledge and understanding, but it just a boring bit of drudgery that they can’t be bothered to give it the care and attention it deserves. Perhaps if it was more fun to deal with, it’d make things a whole lot easier – and better.
Enter Cult of Mac Deals…and Toshl Finance Pro.
This simple and intuitive web-based application (and mobile app) is a personal financial assistant that, believe it or not makes finance fun. It helps you note down your expenses and income, and plans your finances with detailed budgets so you can be on-top of every penny. And Cult of Mac Deals has an offer for a one-year license of Toshl Finance Pro for only $10 – which is worth more than every penny.
A new Israeli start-up on the scene named ZooZ has founded a new SDK, which allows developers to implement an in-app payment system into their apps easier. To get the system implemented, all developers have to do is add three lines of code into either an Android or iOS app, which will then get things rolling. From there, customers who would like to purchase something from within the app can use Paypal or a credit card with ZooZ’s system. Check it out:
We’ve all seen news reports on the TV when stock markets take a nosedive. The footage is always the same: traders looking in despair at screens full of red rectangles, each one representing a falling stock.
Those magical digital rectangles are no longer for traders only. Now you can play with them yourself, in a $4.99 iOS app called StockTouch.
What if Apple launches the iPad 3 tomorrow and it doesn’t ship for another week and a half? The company could lose almost $1bn in sales. Here’s how:
Square, the iOS credit-card company, wants to replace lame old cash registers with sleek iPads sporting its little square white credit card-reading dongle. The new Square Register app for iPad aims to do just that.
What do you do when you’re sitting on a mountain of cash and have a labor condition crisis that has resulted in terrible PR? Give your employees a couple more dollars and hope that satisfies everyone, duh! Apple’s manufacturing partner, Foxconn Technology Group released a statement today that they have raised the wages of their Chinese workers by 16-25% this month. This is the second time wages have risen for Foxconn employees, but the first pay raise still didn’t resolve criticisms over Apple’s labor conditions.
Apple has always been notoriously tight-fisted when it comes to spending. As the world’s most valuable technology company by a long shot, there’s a ton of pressure on Apple to acquire competition and flaunt its $100 billion cash reserve.
At the Goldman Sachs Conference today, Cook noted that Apple has spent billions on acquisitions, in the supply chain, retail, and company infrastructure. “But yes, we still have a lot,” he said.