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Senators propose long-shot carbon tax bill for big polluters
2013-02-14 19:55:00| Climate Ark Climate Change & Global Warming Newsfeed
Reuters: Two of the most liberal senators on Thursday proposed a bill to tax carbon emissions, raising up to $1.2 trillion in revenue over 10 years that would largely be returned consumers. Independent Bernie Sanders of Vermont and Barbara Boxer, a Democrat from California, attempted to seize on the momentum from Tuesday's State of the Union speech when President Barack Obama expressed support for efforts to battle climate change. "We have the opportunity right now, with the president's commitment in...
VIDEO: Labour makes 10p tax rate pledge
2013-02-14 13:18:56| BBC News | Business | UK Edition
Ed Miliband says Labour will re-introduce the 10 pence starting rate of tax scrapped by Gordon Brown in 2009 if it is re-elected
EU tables financial transaction tax
2013-02-14 13:10:06| BBC News | Business | UK Edition
The European Commission tables its financial transaction tax proposal, but there are fears it will catch non-participating countries in its net.
Tags: financial
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No public contracts for tax avoiders
2013-02-14 13:05:22| BBC News | Business | UK Edition
Firms that fall foul of tax avoidance rules will be barred from bidding for government contracts, under new rules published by the Treasury.
Tags: public
tax
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public contracts
Cisco profits boosted by tax benefit, sales rise 5%
2013-02-14 08:54:00| Telecompaper Headlines
(Telecompaper) Cisco Systems reported net profit for its fiscal second quarter ended 26 Janaury up 44 percent from a year earlier to USD 3.1 billion. EPS rose 47.5 percent to USD 0.59. The result includes tax benefits of USD 926 million or 17 cents a share from a settlement with the IRS over R&D credits. Excluding this, net profit rose 6.2 percent, and EPS was up 8.5 percent. Cisco's revenues reached USD 12.1 billion in the quarter, up 5.0 percent year-on-year. Sales growth was strongest in the data centre segement, where revenues rose 65 percent to USD 548 million. Wireless sales were up 27 percent to USD 520 million after the takeover of Meraki, and the service provider video segment grew 20 percent to USD 1.22 billion. Sales of switches rose 3 percent to USD 3.72 billion, while IP routing was down 6 percent to USD 1.95 billion. The book-to-bill ratio for the quarter was slightly below 1, with product orders mainly weak in the EMEA region, down 6 percent. Across customer segments, orders were flat year-on-year, although Cisco said it saw some signs of pick-up in the commercial and enterprise sectors in the US. After operating cash flow of USD 3.3 billion, Cisco finished the quarter with total cash of USD 46.4 billion.
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