Hewlett-Packard Co. said accounting errors at Autonomy Corp. have led it to cut reported 2010 revenue at the software maker’s largest unit by 54 percent, adding fuel to a legal dispute over its purchase of Autonomy.
The personal-taxes-to-personal- income ratio was 11.7 percent in August, almost back to the 12.3 percent long-term average. That eases the pressure on the invisible hand to push for higher tax rates or more aggressive collections.
An Indian court lifted an asset freeze linked to a federal tax demand on Nokia Oyj easing the path for the Finnish company’s 5.44 billion-euro ($7.5 billion) sale of its handset business to Microsoft Corp.
Headquartered in a former Rothschild chateau in an affluent Parisian neighborhood, the Organization for Economic Cooperation and Development is best known for earnest conferences on economic and social policy.
The regime of Vladimir Putin has always presented successful, liberal-minded Russians with a quandary: To what extent are they willing to put up with an authoritarian government in return for making a life in their native country?
OAO Gazprom has asked Russian Prime Minister Vladimir Putin not to apply transfer-pricing controls to the gas export monopoly’s subsidiaries, Vedomosti reported, citing a letter from Chief Executive Officer Alexey Miller to Putin on Sept. 27.