Apple, the tax piñata, settles to pay £136 million more after audit in the UK

Apple, the European authorities favorite tax piñata, is getting hit with another bill shock, this time after “an extensive audit” done by Her Majesty’s Revenue and Customs in the UK. 

Apple Europe, which is the core company providing administrative, financial, marketing and other support to various Apple subsidiaries, was accused of hiding revenue by artificially lowering the price for its services to said subsidiaries. 
HM Revenue and Customs calculated that Apple Europe should have paid £136 million more in taxes up to 2015, on top of everything …


Spotify might be nearing an IPO, as the company settles a lawsuit and hires new talent

As of March this year, Spotify reported a spectacular 50 million count of monthly paying subscribers that enjoy premium access to audio content. The Sweden-based company has been rumored to be setting itself up for an IPO for quite many months now, looking to expand its online music streaming enterprise and attract investments. However, Spotify has had trouble with monetizing its huge traffic, causing investors to hold mixed views about the business’ viability. The streaming service has also been notorious among artists for paying low royalties for their works, causing many big name …