Apple Gets Year-End 318 Million Euro Tax Bill from Italy; Adobe Plugs Yet Another Flash Security Hole

345829246_a7434a76dc_oThe year appear to be ending with a repeat of some of the same old stories we have heard all year: tech companies don’t pay their taxes, and Flash really needs to go away. That the first can happen is really about how hard governments want to push the big corporations, the latter may be happening soon, though maybe not soon enough.

Apple today agreed to pay the Italian treasury €318M after negotiations over €1 billion in revenue that Italian authorities say the Cupertino company shifted to Ireland. The tax rate for corporations in Ireland is 15 percent, while Italy taxes most companies at 31.4 percent.

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Apple isn't the only corporation to launder its profits via a tax haven like Ireland, the Netherlands, or Luxembourg, nor is it the first to get caught. The settlement covers income from 2008 until Apple’s tax filing in 2013. Italy had claimed that Apple owed as much as €879 million.

Earlier this year Apple denied any wrongdoing, saying "These new allegations against our employees are completely without merit and we’re confident this process will reach the same conclusion."

“Apple pays for each dollar and euro of taxes owed, and is continually subject to tax audits by governments around the world,” the company said in March.

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Adobe earlier this week issued another in its endless line of updates for Flash.

“Adobe is aware of a report that an exploit for CVE-2015-8651 is being used in limited, targeted attacks” the company said yesterday.

You can go to this page to check which version of Flash you are running, assuming you still run Flash.

The affected versions of Adobe Flash Player include Google Chrome for Windows, Mac, Linux; Chrome OS, Microsoft Edge and Internet Explorer 11 for Windows 10, and a few other systems (but not, apparently, OS X).

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About a month ago, Adobe announced that it would be renaming its Flash solution Animate CC, and though it would support export to Flash, its real aim was to provide a native HTML5 solution.

Here is their video introducing the change:

reposted with permission from Talking New Media

image by Phillip

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