Apple’s US returns indicate that the taxes paid by the company in Ireland are increasing.
Ireland is the tech-giant’s main profit-base outside of the US - The Irish Times leads with this story in it’s business section.
The paper notes that there is “speculation” that payments from one US multinational booking profits which were previously off-shore in Ireland has contributed to the recent spike in corporate tax receipts here.
Corporate tax receipts were more than €2 billion ahead of forecast this year.
We are still waiting for the EU’s ruling in its investigation into Apple’s tax payments in Ireland.
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Facebook announced one of its strongest-ever sets of quarterly results last night.
A spike in use of the company’s mobile apps helped it to beat both profit and revenue forecasts.
It earned 78% more from mobile advertising than it did in the same quarter last year.
Video has also become a massive growth area for the company.
It now has 8 billion video views per day - compared with only 4 billion views in April.
Its stock rose to an all-time high last night.
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Tinder CEO Sean Rad was the final speaker on the centre stage at the Web Summit in the RDS last night.
It was standing-room only in the main hall when he spoke.
He noted that while the social-dating app is market leader in all key global-markets - Ireland users are particularly “highly engaged.”
Mr Rad was tight lipped about the company’s future plans, but he noted that big announcements are on the way, and that significant changes are being made to the apps core-algorithm - and that there will be more advertisements on the app, but the basic service will remain free.
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The head of the Federal Reserve, Janet Yellen has indicated once again that there could be an interest rate hike in the US before the end of 2015.
She says that a rate increase after the Fed’s policy meeting in mid-December is a “live possibility” as economic conditions improve in the country.
Although she stressed that no decision has been made.
When the Fed’s first rate hike since the crash comes it will have massive implications for the global economy - and particularly for struggling developing economies who will face a squeeze when rates rise.
The Bank of England will offer its latest assessment of the British economy later today.
Its baseline interest rate is expected to remain at 0.5% - although improved economic performance has led to speculation that a rate hike may be on the way in the coming months.
