Ally Financial has partnered with quantum computing researchers to develop a new algorithm to enhance financial index tracking using quantum computing.
The digital financial services company worked with Multiverse Computing, a quantum computing solutions firm, and global consulting firm Protiviti to develop a method that optimizes investment portfolios automatically with returns that match traditional portfolios using significantly smaller sets of stocks.
Sathish Muthukrishnan, chief information, data and digital officer at Ally, said the Detroit-based bank, which has $186 billion in assets, has been experimenting with quantum computing use cases through its technology labs for more than a year.
"Quantum unlocks two things: the volume of data that I can use, and the concurrency of models that I can have," Muthukrishnan said in an interview. "Executing different datasets together takes a lot of time using traditional models. Quantum brings the ability for me to do that at a much faster pace, giving me the opportunity to take scenario analysis to a completely different plane."
Quantum computing uses qubits (quantum bits), which can exist in multidimensional states, to process data, while classical computers are restricted to storing information in a binary manner, either zeros or ones. Quantum computers can be used to sift through and analyze large amounts of numbers extremely quickly.
Ally has hired a few quantum physicists and partnered with institutions like Microsoft to research quantum computing on the tech giant's Azure platform. For now, Muthukrishnan said the main goals are discovering use cases by partnering with other firms and companies. Ally doesn't currently use quantum computing in practice, but the CIO said the company is in active conversations internally about how and when to implement the technology.
The exact research, conducted over a year, shows that the method, a hybrid classical-quantum approach, could build portfolios that outperformed the risk profile of a target index by up to two times, while using fewer stocks. The number of stocks in the researchers' Nasdaq 100 fund was four times smaller than traditional portfolios, and ten times smaller in the S&P 500 fund.
In practice, financial institutions could use the algorithm to manage ETF funds with more speed and higher accuracy and returns, said Protiviti Director of Quantum Computing Services Konstantinos Karagiannis. Karagiannis said the notable aspect of this project, which was detailed in a recently released research paper, is the limited amount of stocks needed for the quantum computer to still outperform traditional portfolios. He added that while portfolio optimization can take up to 30 hours on some classical computers, the new algorithm runs almost instantaneously on a quantum computer.
"Right now we're considering this customer advantage — this idea that, looking at what's out there, we feel that this is faster, better, cheaper," Karagiannis said. "For the first time we're hoping to get with quantum what we've never had before…There's all this trade off, we're hoping quantum gives it all to you."
There are headwinds to using quantum computing. Quantum computers aren't commercially available, so companies use cloud-based quantum-computing-as-a-service offerings from companies like IBM, Microsoft and, in this case, D-Wave. Plus, only a handful of quantum computers on the cloud have the capabilities needed for major companies to run advanced programs, Karagiannis said, meaning gaining access can sometimes be a challenge. Developing algorithms that can run on quantum computers requires certain skills that not all quants and programmers have.
Still, Karagiannis said for applications that don't need real-time solutions, there are worthwhile use cases for quantum. Muthukrishnan added that he wants Ally to lead the industry in quantum use when the technology becomes more mainstream.
"We'll continue to experiment with quantum," Muthukrishnan said. "We'll continue to see how we can leverage our data using quantum computing, and see what value we can add for our business as well as our customers."
Sam Palmer, head of financial engineering at Multiverse, co-authored the research paper with Karagiannis and Adam Florence, director of data science at Ally.
Data continues to drive enterprise business needs and processes, spurring the need for a rapidly growing number of data stores in which to house it all. Data's inherent value and impact on business operations have made it a prime target for cybercriminals. This has led to a sharp rise in data breaches that have disrupted business continuity and compromised the security and compliance posture of enterprises globally. In these breaches, attackers are commonly exploiting blind spots and misconfigurations.
Protecting against data breaches requires detailed and close analysis of exact attacks for remediation steps and preventative measures. Issues common to exact cloud data breaches include:
A hard lesson from the past decade is that there's no going back once data goes outside of the organizational control plane and often to public repositories. For this reason, security owners are responsible for keeping tabs on any possibility of exposure, assessing fallout when exposure occurs, and acting accordingly.
Data leakage is more common than one would think and is not limited to enterprises with smaller security budgets. For example, Nestle's sensitive data was briefly exposed to the world from its internal network before surfacing a few months later in an alleged cyberattack by Anonymous.
Data is an asset and should be protected as such, whether it be a backup, audit record, or arbitrary file. Access should be based on the principle of least privilege, and any deviation should be identified, monitored, and alerted upon.
This was not the case for some organizations using public cloud data stores such as Amazon S3 buckets and Microsoft Azure Blobs. Four airports in Colombia and Peru, for example, had an S3 bucket — containing 3TB of data on employees — that was publicly accessible and did not require authentication.
Meanwhile, Turkish airline company Pegasus had an S3 Bucket without password protection, exposing roughly 6.5TB of data that included personally identifiable crew information, flight charts, and secrets from the airline's EFB (Electronic Flight Bag) system.
Doctors Me, an online Japanese medical consultation site, experienced something similar. The service stored patient images, uploaded by customers, in an S3 bucket without proper access authorization and authentication controls, exposing the sensitive data of nearly 12,000 people.
In their most basic function, databases are protected internal components that hold various records or documents. They are typically encapsulated behind an application or a service that facilitates access to data according to predetermined business logic. As such, databases have the potential to enforce strict access controls and to limit network access, ensuring that only service accounts or authorized personnel can directly reach them.
Databases exposed to the Internet, especially with weak authentication, are low-hanging fruit for bad actors who are constantly scanning for exposed services. This was the case for a popular Iranian chat application called Raychat, where a simple bot detected a misconfigured instance of the service's MongoDB database. All the attackers had to do was clone the database's content, wipe the database, and leave behind a note asking for a hefty ransom.
Encryption is one of the top three industry best practices for data protection, but it cannot be considered a full security suite, as data protection is built in layers. When one layer is breached, it's up to the next to hold the line. We see this reflected in risk assessments and audit submissions, where each component, especially missing fundamental layer like encryption, changes the risk score of many other components that make up the entire environment. With common issues like false reporting and missing encryption, how can security owners reliably qualify and test the entirety of their known and unknown environment with assumptions and semi-reliable information?
The Department of Education in New York City struggled with this question when an online grading and attendance system was breached. Roughly 820,000 biographic records of current and former public-school students were stored without proper encryption, allowing the adversary to easily compromise and extract those.
1. Take ownership of your data:
2. Improve your data security posture:
3. Control your data:
4. Observe and triage anomalous activities:
The MarketWatch News Department was not involved in the creation of this content.
Oct 03, 2022 (The Expresswire) -- Number of Tables and Figures :136| The global"Myoglobin Test Kits Market"size is projected to reach Multimillion USD by 2028, In comparison to 2021, at unexpected CAGR during 2022-2028 and generated magnificent revenue. The market is segmented on the basis of End-user Industry (Human Use, Animal Use, Research Use), By Type (ELISA, Colorimetric, Microplate Enzyme Immunoassay), and Geography (Asia-Pacific, North America, Europe, South America, and Middle-East and Africa).
Myoglobin Test Kits Market Research Report is spread across 98 Pages and provides exclusive data, information, vital statistics, trends, and competitive landscape details in this niche sector.
Myoglobin is small protein found in skeletal muscles and the heart, which binds oxygen. It is released into the blood, after a heart or skeletal muscle injury. Myoglobin is filtered from the blood by the kidneys and is released into the urine. Excessive quantity of myoglobin is toxic to the kidneys. Myoglobin test kits are utilized to detect muscle damage. Myoglobin test is carried out with the help of a blood sample.
Due to the COVID-19 pandemic, the global Myoglobin Test Kits market size is estimated to be worth USD million in 2021 and is forecast to a readjusted size of USD million by 2028 with a CAGR of % during the forecast period 2022-2028. Fully considering the economic change by this health crisis, the Europe Myoglobin Test Kits market is estimated at USD million in 2022, while the United States and China are forecast to reach USD million and USD million by 2028, respectively. The proportion of the United States is % in 2022, while Chinese percentage is %, and it is predicted that China market share will reach % in 2028, trailing a CAGR of % through the analysis period. As for the Europe Myoglobin Test Kits landscape, Germany is projected to reach USD million by 2028. and in Asia, the notable markets are Japan and South Korea, CAGR is % and % respectively for the next 6-year period.
ELISA accounting for % of the Myoglobin Test Kits global market in 2021, is projected to value USD million by 2028, growing at a revised % CAGR from 2022 to 2028. While Human Use segment is altered to an % CAGR throughout this forecast period and will hold a share about % in 2028.
The global major manufacturers of Myoglobin Test Kits include Abcam plc, Merck KGaA, Monobind Inc, Diagnostic Automation/Cortez Diagnostics Inc, Innovative Research, Biopanda Reagents Ltd, Calbiotech, Inc, Creative Diagnostics and EagleBio, etc. In terms of revenue, the global 3 largest players have a % market share of Myoglobin Test Kits in 2021.
This report focuses on Myoglobin Test Kits volume and value at the global level, regional level, and company level. From a global perspective, this report represents overall Myoglobin Test Kits market size by analysing historical data and future prospect. Regionally, this report focuses on several key regions: North America, Europe, China and Japan, etc.
Global Myoglobin Test Kits Market: Segment Analysis
The research report includes specific segments by region (country), by company, by Type and by Application. This study provides information about the sales and revenue during the historic and forecasted period of 2017 to 2028. Understanding the segments helps in identifying the importance of different factors that aid the market growth.
Get a demo PDF of report -https://www.360researchreports.com/enquiry/request-sample/21573795
COVID-19 IMPACT ON MARKET
The outbreak of COVID-19 has severely impacted the overall supply chain of the Myoglobin Test Kits market. The halt in production and end use sector operations have affected the Myoglobin Test Kits market. The pandemic has affected the overall growth of the industry In 2020 and at the start of 2021, Sudden outbreak of the COVID-19 pandemic had led to the implementation of stringent lockdown regulations across several nations resulting in disruptions in import and export activities of Myoglobin Test Kits.
COVID-19 can affect the global economy in three main ways: by directly affecting production and demand, by creating supply chain and market disruption, and by its financial impact on firms and financial markets. Our analysts monitoring the situation across the globe explains that the market will generate remunerative prospects for producers post COVID-19 crisis. The report aims to provide an additional illustration of the latest scenario, economic slowdown, and COVID-19 impact on the overall industry.
Final Report will add the analysis of the impact of COVID-19 on this industry.
Who are the key Players in the Myoglobin Test Kits market?
Myoglobin Test Kits Market Development Strategy Pre and Post COVID-19, by Corporate Strategy Analysis, Landscape, Type, Application, and Leading 20 Countries covers and analyzes the potential of the global Myoglobin Test Kits industry, providing statistical information about market dynamics, growth factors, major challenges, PEST analysis and market entry strategy Analysis, opportunities and forecasts. The biggest highlight of the report is to provide companies in the industry with a strategic analysis of the impact of COVID-19. At the same time, this report analyzed the market of leading 20 countries and introduce the market potential of these countries.
It also provides accurate information and cutting-edge analysis that is necessary to formulate an ideal business plan, and to define the right path for rapid growth for all involved industry players. With this information, stakeholders will be more capable of developing new strategies, which focus on market opportunities that will benefit them, making their business endeavors profitable in the process.
Myoglobin Test Kits Market 2022 is segmented as per type of product and application. Each segment is carefully analyzed for exploring its market potential. All of the segments are studied in detail on the basis of market size, CAGR, market share, consumption, revenue and other vital factors.
Which product segment is expected to garner highest traction within the Myoglobin Test Kits Market In 2022:
Which are the key drivers supporting the growth of the Myoglobin Test Kits market?
Which region is expected to hold the highest market share in the Myoglobin Test Kits Market?
This Myoglobin Test Kits Market Research/Analysis Report Contains Answers to your following Questions
Our research analysts will help you to get customized details for your report, which can be modified in terms of a specific region, application or any statistical details. In addition, we are always willing to comply with the study, which triangulated with your own data to make the market research more comprehensive in your perspective.
Inquire more and share questions if any before the purchase on this report at -https://www.360researchreports.com/enquiry/pre-order-enquiry/21573795
Major Points from Table of Contents:
Global Myoglobin Test Kits Market Research Report 2022-2026, by Manufacturers, Regions, Types and Applications
1 Myoglobin Test Kits Market Overview
1.1 Product Overview and Scope of Myoglobin Test Kits
1.2 Myoglobin Test Kits Segment by Type
1.2.1 Global Myoglobin Test Kits Market Size Growth Rate Analysis by Type 2022 VS 2028
1.3 Myoglobin Test Kits Segment by Application
1.3.1 Global Myoglobin Test Kits Consumption Comparison by Application: 2022 VS 2028
1.4 Global Market Growth Prospects
1.4.1 Global Myoglobin Test Kits Revenue Estimates and Forecasts (2017-2028)
1.4.2 Global Myoglobin Test Kits Production Estimates and Forecasts (2017-2028)
1.5 Global Market Size by Region
1.5.1 Global Myoglobin Test Kits Market Size Estimates and Forecasts by Region: 2017 VS 2021 VS 2028
1.5.2 North America Myoglobin Test Kits Estimates and Forecasts (2017-2028)
1.5.3 Europe Myoglobin Test Kits Estimates and Forecasts (2017-2028)
1.5.4 China Myoglobin Test Kits Estimates and Forecasts (2017-2028)
1.5.5 Japan Myoglobin Test Kits Estimates and Forecasts (2017-2028)
2 Market Competition by Manufacturers
2.1 Global Myoglobin Test Kits Production Market Share by Manufacturers (2017-2022)
2.2 Global Myoglobin Test Kits Revenue Market Share by Manufacturers (2017-2022)
2.3 Myoglobin Test Kits Market Share by Company Type (Tier 1, Tier 2 and Tier 3)
2.4 Global Myoglobin Test Kits Average Price by Manufacturers (2017-2022)
2.5 Manufacturers Myoglobin Test Kits Production Sites, Area Served, Product Types
2.6 Myoglobin Test Kits Market Competitive Situation and Trends
2.6.1 Myoglobin Test Kits Market Concentration Rate
2.6.2 Global 5 and 10 Largest Myoglobin Test Kits Players Market Share by Revenue
2.6.3 Mergers and Acquisitions, Expansion
3 Production by Region
3.1 Global Production of Myoglobin Test Kits Market Share by Region (2017-2022)
3.2 Global Myoglobin Test Kits Revenue Market Share by Region (2017-2022)
3.3 Global Myoglobin Test Kits Production, Revenue, Price and Gross Margin (2017-2022)
3.4 North America Myoglobin Test Kits Production
3.4.1 North America Myoglobin Test Kits Production Growth Rate (2017-2022)
3.4.2 North America Myoglobin Test Kits Production, Revenue, Price and Gross Margin (2017-2022)
3.5 Europe Myoglobin Test Kits Production
3.5.1 Europe Myoglobin Test Kits Production Growth Rate (2017-2022)
3.5.2 Europe Myoglobin Test Kits Production, Revenue, Price and Gross Margin (2017-2022)
3.6 China Myoglobin Test Kits Production
3.6.1 China Myoglobin Test Kits Production Growth Rate (2017-2022)
3.6.2 China Myoglobin Test Kits Production, Revenue, Price and Gross Margin (2017-2022)
3.7 Japan Myoglobin Test Kits Production
3.7.1 Japan Myoglobin Test Kits Production Growth Rate (2017-2022)
3.7.2 Japan Myoglobin Test Kits Production, Revenue, Price and Gross Margin (2017-2022)
4 Global Myoglobin Test Kits Consumption by Region
4.1 Global Myoglobin Test Kits Consumption by Region
4.1.1 Global Myoglobin Test Kits Consumption by Region
4.1.2 Global Myoglobin Test Kits Consumption Market Share by Region
4.2 North America
4.2.1 North America Myoglobin Test Kits Consumption by Country
4.3.1 Europe Myoglobin Test Kits Consumption by Country
4.4 Asia Pacific
4.4.1 Asia Pacific Myoglobin Test Kits Consumption by Region
4.4.4 South Korea
4.4.5 China Taiwan
4.4.6 Southeast Asia
4.5 Latin America
4.5.1 Latin America Myoglobin Test Kits Consumption by Country
5 Segment by Type
5.1 Global Myoglobin Test Kits Production Market Share by Type (2017-2022)
5.2 Global Myoglobin Test Kits Revenue Market Share by Type (2017-2022)
5.3 Global Myoglobin Test Kits Price by Type (2017-2022)
6 Segment by Application
6.1 Global Myoglobin Test Kits Production Market Share by Application (2017-2022)
6.2 Global Myoglobin Test Kits Revenue Market Share by Application (2017-2022)
6.3 Global Myoglobin Test Kits Price by Application (2017-2022)
7 Key Companies Profiled
7.1.2 Product Portfolio
7.1.3 Production, Revenue, Price and Gross Margin (2017-2022)
7.1.4 Main Business and Markets Served
7.1.5 exact Developments/Updates
8 Myoglobin Test Kits Manufacturing Cost Analysis
8.1 Myoglobin Test Kits Key Raw Materials Analysis
8.1.1 Key Raw Materials
8.1.2 Key Suppliers of Raw Materials
8.2 Proportion of Manufacturing Cost Structure
8.3 Manufacturing Process Analysis of Myoglobin Test Kits
8.4 Myoglobin Test Kits Industrial Chain Analysis
9 Marketing Channel, Distributors and Customers
9.1 Marketing Channel
9.2 Myoglobin Test Kits Distributors List
9.3 Myoglobin Test Kits Customers
10 Market Dynamics
10.1 Myoglobin Test Kits Industry Trends
10.2 Myoglobin Test Kits Market Drivers
10.3 Myoglobin Test Kits Market Challenges
10.4 Myoglobin Test Kits Market Restraints
11 Production and Supply Forecast
11.1 Global Forecasted Production of Myoglobin Test Kits by Region (2023-2028)
11.2 North America Myoglobin Test Kits Production, Revenue Forecast (2023-2028)
11.3 Europe Myoglobin Test Kits Production, Revenue Forecast (2023-2028)
11.4 China Myoglobin Test Kits Production, Revenue Forecast (2023-2028)
11.5 Japan Myoglobin Test Kits Production, Revenue Forecast (2023-2028)
12 Consumption and Demand Forecast
12.1 Global Forecasted Demand Analysis of Myoglobin Test Kits
12.2 North America Forecasted Consumption of Myoglobin Test Kits by Country
12.3 Europe Market Forecasted Consumption of Myoglobin Test Kits by Country
12.4 Asia Pacific Market Forecasted Consumption of Myoglobin Test Kits by Region
12.5 Latin America Forecasted Consumption of Myoglobin Test Kits by Country
13 Forecast by Type and by Application (2023-2028)
13.1 Global Production, Revenue and Price Forecast by Type (2023-2028)
13.1.1 Global Forecasted Production of Myoglobin Test Kits by Type (2023-2028)
13.1.2 Global Forecasted Revenue of Myoglobin Test Kits by Type (2023-2028)
13.1.3 Global Forecasted Price of Myoglobin Test Kits by Type (2023-2028)
13.2 Global Forecasted Consumption of Myoglobin Test Kits by Application (2023-2028)
13.2.1 Global Forecasted Production of Myoglobin Test Kits by Application (2023-2028)
13.2.2 Global Forecasted Revenue of Myoglobin Test Kits by Application (2023-2028)
13.2.3 Global Forecasted Price of Myoglobin Test Kits by Application (2023-2028)
14 Research Finding and Conclusion
15 Methodology and Data Source
15.1 Methodology/Research Approach
15.1.1 Research Programs/Design
15.1.2 Market Size Estimation
15.1.3 Market Breakdown and Data Triangulation
15.2 Data Source
15.2.1 Secondary Sources
15.2.2 Primary Sources
15.3 Author List
Purchase this report (Price 2900 USD for a single-user license) -https://www.360researchreports.com/purchase/21573795
360 Research Reports is the credible source for gaining the market reports that will provide you with the lead your business needs. At 360 Research Reports, our objective is providing a platform for many top-notch market research firms worldwide to publish their research reports, as well as helping the decision makers in finding most suitable market research solutions under one roof. Our aim is to provide the best solution that matches the exact customer requirements. This drives us to provide you with custom or syndicated research reports.
Organization: 360 Research Reports
Phone: +44 20 3239 8187/ +14242530807
Press Release Distributed by The Express Wire
To view the original version on The Express Wire visit Myoglobin Test Kits Market 2022 : Growth Analysis, Key Stakeholders, Regional Outlook, End-User Applicants by 2028
The MarketWatch News Department was not involved in the creation of this content.
The extent to which Microsoft Corp. MSFT-Q uses a network of subsidiaries to allegedly shift profits to low-tax jurisdictions, potentially depriving countries where it conducts billions of dollars in business of corporate taxes, is analyzed in a new report.
The Centre for International Corporate Tax Accountability and Research (CICTAR) published a report late Wednesday that unpacks the ways Microsoft has worked for years to minimize its tax bills. The think tank’s analysis found tax structures involving Ireland and Bermuda, two widely acknowledged tax havens, “at the core of Microsoft’s global operations,” said its Australia-based principal analyst Jason Ward.
None of the report’s allegations suggests illegal or tax-evading behaviour, but they draw attention to an issue of growing concern to tax authorities worldwide.
Though the software and cloud-computing giant has reported profit margins of greater than 30 per cent in its exact years – including more than 40 per cent in fiscal 2021 – the think tank’s analysis found that Microsoft subsidiaries sometimes achieve margins of between 3 per cent and 5 per cent, significantly lowering what could be taxed.
Inside Amazon’s strategy to shield its profits from Canadian taxes
Microsoft is also one of the world’s biggest benefactors of public-sector software contracts paid for by tax dollars – at least US$3.38-billion worth in the past five years in the world’s biggest English-speaking countries alone, CICTAR found. In Canada, an analysis from Carleton University’s School of Public Policy and Administration found that Ottawa spent about $300-million on Microsoft contracts in 2021-2022, with nine-figure spending with the company in many previous years, too.
While Canada has less transparent information about multinationals’ tax practices than comparable countries, Mr. Ward said in an e-mail that “We have to assume that the profit shifting that occurs in other countries is also depriving Canada of revenue to fund essential public services.”
And CICTAR’s broad findings, he continued, suggest that “multinationals should be taxed on global profits, and income tax revenue allocated to countries based on [a] simple formula factoring labour and sales.” The tax-advocacy group is also trying to push forward a shareholder resolution to compel Microsoft to be more transparent about its taxes.
In an e-mailed statement, Microsoft Canada spokesperson Lisa Gibson said that “Microsoft follows the law and has always fully paid the taxes it owes. We serve customers in countries all over the world and our tax structure reflects that global footprint.”
As multinational computing giants account for an ever-increasing share of the global economy, they’ve come under intense scrutiny for the ways they legally shift profits to jurisdictions where they more greatly benefit, often by vastly lowering taxes on their profits.
These strategies take various forms. In July, for example, The Globe and Mail reviewed an internal Amazon.com Inc. AMZN-Q playbook that outlined the intense behavioural requirements placed on staff in charge of its Canadian operations to ensure profits from its e-commerce sales in Canada were booked in the United States. The e-commerce company did not deny using the strategy, but said it was outdated. Still, it demonstrated the intensity with which the world’s biggest businesses manage their taxes at the expense of the jurisdictions where they operate.
The Organisation for Economic Co-operation and Development (OECD) has tried for many years to implement a fairer system for tax authorities to repatriate more taxable income to where these companies actually conduct their business. As much as US$240-billion is being left on the table each year because of the world’s patchwork of tax rules and “aggressive tax planning by some multinational enterprises,” it said in 2015.
In late 2021, the OECD seemed to make significant progress on two fronts, as more than 100 countries agreed to establish a global minimum corporate tax rate of 15 per cent and to develop a system in which large multinationals were taxed where they conduct business. But the United States recently began to push back on key tenets of the deal, threatening its future. Ottawa has said that if this does not go through, it will levy a 3-per-cent tax on large multinationals’ digital revenues.
Ireland and Bermuda, two well-known tax havens that have been at the centre of the global taxation debate, figure prominently in CICTAR’s report. In Irish filings that the think tank found for the subsidiary Microsoft Global Finance for its fiscal year ending in June, 2020, CICTAR said it found the subsidiary is tax-resident in Bermuda, with its income exempt from taxes – and had $728-million in profit despite having no employees.
Both the Australian Taxation Office and U.S. Internal Revenue Service (IRS) have spent years auditing Microsoft, with the latter case considered one of the largest of such audits in U.S. history. Microsoft has already paid the IRS US$1.7-billion to settle part of the tax dispute, though it remains under investigation for its 2004 to 2017 tax years.
Much of the IRS case settles on “transfer pricing,” in which a company division or subsidiary sells a good, service or something intangible such as intellectual property (IP) to another division or subsidiary – often crossing borders.
In one widely publicized case, Microsoft was accused of selling its IP to a small factory in Puerto Rico that employed just 85 people, shifting about US$39-billion in taxable profits. The investigative journalism organization ProPublica found that the company could have been able to structure the transfer in such a way that it would effectively be taxed at a rate near zero per cent.
TOKYO (AP) — A drumbeat of increasingly powerful North Korean missile launches. A U.S. aircraft carrier floats off the Korean Peninsula. North Korean warplanes buzz the border with South Korea. Worldwide cries of condemnation and worry.
It’s a pattern that has repeated many times over the years, and, as in the past, there are plenty of signs in the latest cycle that point to North Korea eventually testing a nuclear bomb.