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The Register breaking news

Hooking offshore wind farms into UK grid will HIKE bills, MPs warn

It is "unlikely" that a new licensing system intended to connect offshore wind farms to the national grid will save consumers money, an influential committee of MPs has warned. In a report, the Public Accounts Committee (PAC) said that the offshore transmission operator (OFTO) licensing regime could instead "lead to higher …
OUT-LAW.COM, 15 Jan 2013
Funnel of cash. Credit: via SXC – http://www.sxc.hu/profile/Leonardini

Tech giants' offshore cash-stashing is only ever a delaying tactic

Do companies have a duty to their shareholders to dodge as much tax as possible? Are Google, Apple and Facebook simply following the law as they ought to by shovelling everything through Ireland and Bermuda? Unsurprisingly, it depends on which law you think they're supposed to follow, for the law does, in fact, vary across …
Tim Worstall, 11 Jun 2013

Apple has THREE TIMES as much cash as US govt, TWICE the UK

Apple has three times as much cash on hand as The US government, and over twice as much as the UK. These figures come to us from the Bank of America's wealth-management arm, US Trust, as reported by London's Telegraph. In its most recent quarterly SEC filing, Apple reported that it had $158.8bn (£94.9bn) in cash and cash …
Rik Myslewski, 11 Apr 2014

Australia bets on licences for offshore gambling websites

Australian policymakers may have gotten themselves in another technological tangle, this time over which mediums are fit for the purpose of gambling. The source of the brawl is a review of Australia’s Interactive Gambling Act commissioned by the sprawling Ministry of Broadband, Communications and the Digital Economy. The …
Simon Sharwood, 31 May 2012
The Register breaking news

China takes 2013's top offshore IPO crown

US-Sino relations may have hit an all-time low over the past 12 months but for little-known Chinese tech firm Vipshop it has been an annus mirabilis after it became the best performing overseas-listed firm in the States. Vipshop Holdings Limited, which owns the Vipshop.com online shopping site, saw its shares jump a whopping 124 …
Simon Sharwood, 19 Dec 2012
The Register breaking news

Aussie online shoppers take $AU6 billion offshore

Australia shopper’s enchantment with offshore online purchases is expected to rise by $AU1.2 billion to $AU6 billion this year, according to new research from PricewaterhouseCoopers. The report predicts that online shopping will grow 13 percent this year and is valued at $AU13.6 billion. Around 44 percent of those online sales …

MIT boffins moot tsunami-proof floating nuke power plants

Boffins at MIT have mooted a new concept for nuclear power plants which would see the entire facility towed several miles out to sea and moored in a similar way to offshore oil and gas platforms. The proposals would see nuke power plants built in shipyards and then moored or anchored a few miles off the coast, linked to the …
Phil Muncaster, 17 Apr 2014
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HP shelves plans to offshore DWP support roles

HP has abandoned plans to offshore the jobs of IT support staff working on the Adams 2 contract for the Department of Work and Pensions. The saga began in June when HP first revealed it was in talks to transfer some 200 roles based in north-east England to India to help it match the Government's demand to cut costs. The move …
Paul Kunert, 12 Sep 2011
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New-wave offshorers present exotic new risks

A need to drive down costs is forcing many multinationals to look at emerging Asian offshore locations such as Indonesia and Vietnam, but IP security and privacy concerns continue to hold them back, according to a new report. Gartner’s Leading Locations for Offshore Services in Asia/Pacific 2014 report, paints a mixed picture. …
Phil Muncaster, 26 Mar 2014
The Register breaking news

Play BP Offshore Oil Strike

In the 1970s, an obscure board games publisher called Printabox collaborated with BP to design a game called BP Offshore Oil Strike. BP Offshore Oil Strike Europe board game Will You Strike Oil, Dry Hole or Hazard? Here are some rules (courtesy of Boardgamegeek): Two to four players compete at exploring for oil, building …
Drew Cullen, 02 Jun 2010
The Register breaking news

MPs round on plans to offshore gov IT work

MPs are cranking up the pressure on government to safeguard the jobs of up to 200 HP IT workers amid plans to outsource the positions to India. Employees involved in the Adams 2 contract with the Department of Work and Pensions (DWP) are in the process of training up a team from Bangalore which will ultimately replace them as …
Paul Kunert, 18 Jul 2011
Cool-er eBook Reader

Apple appoints top Obama legal eagle as antitrust watchdog

High profile attorney Michael Bromwich, fresh from his latest stint as the top US offshore drilling watchdog, has been tapped to serve as Apple's antitrust compliance monitor. The lawyer will check that the fruity firm's competition practices and procedures are up to scratch for the next two years, after a court found it guilty …
The Register breaking news

Ericsson to offshore hundreds of contract positions

Ericsson is cutting back on its contract roster to the tune of "several hundred" UK staff, with the roles going out to India and Romania in the interests of lower costs. Ericsson, one of the biggest suppliers of networking infrastructure to the cellular industry, said that support functions and office roles would be switched to …
Bill Ray, 15 Apr 2011
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Hundreds of UK CSC staff face chop, told to train Indian replacements

Computer Science Corporation (CSC) workers heading for the chopping block in Britain have been asked to train their replacements in India and the Czech Republic. Some 750 staff in the UK have been threatened with redundancy under the IT giant's global workforce shakeup, and roughly 200 roles will be moved offshore. CSC - …
Paul Kunert, 02 Aug 2013
The Register breaking news

'WikiLeaks of financial data' prompts worldwide hunt for tax evaders

A cache of data amounting to a whopping 400 gigabytes of information leaked by bank insiders has triggered an offshore tax evasion investigation across the United States, the UK and Australia. Tax authorities in the the three countries are examining the leaked data, which reveals the complex offshore vehicles used to stash …
John Leyden, 14 May 2013

Equistone borgs Easynet, MDNX in double-slurp

Lloyds Development Capital is getting out of Easynet, with Equistone to be announced as the buyer for most of the company later today (excepting its operations in Germany). Easynet will at the same time acquire UK integrator MDNX, according to a tip-off from a Reg reader. LDC bought into Easynet in 2010, acquiring it from Sky …
Darth Vader's first selfie

BEASTED: Apple fined $666k in Taiwan for iPhone price meddling

Colossal shiny-gadget empire Apple has copped a festive shoeing from Taiwanese regulators, receiving a T$20 million (US$666,700) fine for attempting to the fix prices that could be charged for its iPhones sold on the island. The Taiwanese Fair Trade commission told media that Apple Asia, Cupertino's regional tentacle, was being …
Lewis Page, 27 Dec 2013
The Register breaking news

Google and friends scheme offshore windmill army

Google says it's investing in an underwater power backbone that will connect 6,000 megawatts of wind turbines along the Atlantic coast of the United States. On Monday evening Pacific time, with a blog post, Google announced it had agreed to invest in the Atlantic Wind Connection (AWC) backbone, which will connect off-shore wind …
Cade Metz, 12 Oct 2010
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Atlassian's UK-IPO plans: Smart business isn't a disaster

Australia's IT patriots' heads are spinning today, with news that Oz innovation poster-child Atlassian is going to move its head office to London, in preparation for an IPO it plans later this year. The move has triggered an epic bout of hand-wringing at Australia's inability to keep its entrepreneurs at home. This, inevitably, …
Scrooge McDuck

G20 gives Google, Microsoft, Apple et al tax deadline

The world's top 20 finance ministers have signalled once again that they're sick of their taxes disappearing offshore and have signalled a strong intention to get their cash back. The ministers in question are all members of the Group of Twenty (G20) and gathered in Sydney, Australia, over the weekend. The Communiqué (PDF) …
Simon Sharwood, 23 Feb 2014
Prison window

UK.gov back-office battle may see British Justice offshored

The Ministry of Justice is reviewing the current way back office functions are deployed, citing further cost savings as the reason for doing so – and not, as our sources state, because of departmental in-fighting. Under the Next Generation Shared Service Strategy (NGSSS) rolled out by the Cabinet Office last March, the plan was …
Paul Kunert, 03 Mar 2014

Hacking Team snoopware found on US servers

Canada's Citizen Lab has added to its record of uncovering government snooping using Hacking Team's software, has dropped a bombshell: it's accused 12 American data centres of hosting clients deploying the spyware. In its latest report, Hacking Team's US Nexus, Citizen Lab* says there are 114 servers in America, in at least a …
US flag

India's outsourcers fume over new US immigration bill

Indian outsourcing body NASSCOM has labelled a new immigration bill being considered by the US as “discriminatory”. The Border Security, Economic Opportunity and Immigration Modernization Act could bring in sweeping reforms including limiting the number of H-1B visas – the class of visa granted to temporary foreign workers – …
Phil Muncaster, 21 Jun 2013

Apple DOMINATES the Valley, rakes in more profit than Google, HP, Intel, Cisco COMBINED

Apple again dominated all Silicon Valley competition in 2013, so much so that in the San Jose Mercury News' SV150 annual ranking, it raked in more revenue than numbers two and three combined, and more profits than the four below it, taken together. List of the top 15 companies in the San Jose Mercury News SV150 The top 15 …
Rik Myslewski, 14 Apr 2014
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Triple-headed NHS privacy scare after hospital data reach marketers, Google

The UK's National Health Service (NHS) and the NHS Information Centre are riding out a three-pronged privacy storm. The first privacy incident starts with this PA Consulting document titled “Placing the patient at the centre of healthcare: PA report on the future of healthcare.” On page eight, a section titled “The cloud can …
Simon Sharwood, 04 Mar 2014
Parliament House Canberra by Flickr user OzMark17 used under CC Share and Share alike licence

Oz government expanding data centre footprint

The Australian government is continuing its cloud rollout with a new tender for data centre services. In line with a policy that's attracted criticism from international providers, the government is sticking with its requirement that Australian government data is kept onshore. The tender, posted on August 30, is looking for …
The Register breaking news

New mega offshore windfarms could supply 2% of UK energy

Licences have been awarded to develop nine massive new offshore wind farms which could - if fully exploited - deliver as much as two per cent of the UK's present day energy requirements. Developers have been encouraged to move ahead with expensive offshore wind projects by the government's promise to double the Renewables …
Lewis Page, 11 Jan 2010
The Register breaking news

Brit robot programmers banged up for £500,000 tax evasion

Two robot programmers have been jailed for income tax evasion after hiding their company's sales in offshore accounts. Roderick Smith, of Duddon Close, Standish, Wigan, and Stephen Howarth, of Gee Cross, Hyde, Cheshire, managed to evade about £500,000 in UK income tax over six years by diverting most of their firm's balance into …
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HP's hiring: UK jobs for, er, UK workers.... maybe

HP has refused to rule out making roles redundant in the UK and shifting them to parts of Europe where average salaries are lower. Cost cutting HP last week entered into consultation with the works council and yesterday engaged with union types over plans to slash 7,100 roles across the region, the last tranche of 34k job cuts …
Paul Kunert, 10 Feb 2014
IBM's System x3100 M4

IBM nearly HALVES its effective tax rate in 2013 - report

IBM has managed to legally reduce its tax payouts by billions of dollars after sending its profits through a Netherlands subsidiary that acts as a holding company for more than 40 of its firms worldwide, according to Bloomberg. At the end of 2012 IBM had accumulated $44.4bn of offshore profits on which it hadn't paid US taxes, …
The Register breaking news

Fasthosts to offshore support staff

Budget web hosting provider Fasthosts will soon make almost all of its UK customer service team redundant, to be replaced by call centres in Romania and the Phillipines, staff were told on Wednesday. Up to 38 posts are set to go at Fasthosts' Gloucester HQ as a result. In a statement to The Register today, the firm said the " …
The Register breaking news

US Congress excoriates Apple's tax-avoidance shenanigans

A US Senate investigation has found that Apple avoided billions of dollars in taxes through a complex scheme of subsidiaries scattered around the globe, some with no employees and run by top execs back in its Cupertino headquarters. "Apple wasn't satisfied with shifting its profits to a low-tax offshore tax haven," said Senator …
Rik Myslewski, 20 May 2013
The Register breaking news

Irish deputy PM: You want more tax from Apple? Your problem, not ours

Ireland has denied its liberal tax laws helped Apple avoid dropping dollars into the American taxpayers' purse by funnelling billions through subsidiaries based in the country. Eamon Gilmore, Ireland's Tánaiste (deputy prime minister), said that Apple's legal tax-dodging was down to rules in other countries. A US Senate …
Jasper Hamill, 21 May 2013

Australia hobbles self in tech tax chase

Australia's new government will not pursue an initiative its predecessor advanced as a way to crack down on technology companies' tax-minimisation schemes. Australia's newly-elected treasurer (think Chancellor of the Exchequer for UK readers, Secretary of the treasury for those Stateside) Joe Hockey today announced a raft of tax …
Simon Sharwood, 06 Nov 2013

Solar vendors GOUGE non-US customers

The infamous “Aussie Tax” might be getting squeezed in the IT industry, but it's alive and well in other tech markets. A bolt of lightning – a literal bolt of lightning striking a roof and smoking some solar control kit – led Vulture South to investigate prices of solar inverters. And as we discovered, while public pressure, …

World+Dog hates PRISM: Cloud Security Alliance

Edward Snowden's PRISM revelations will soon impact the balance sheets of US cloud vendors, according to the Cloud Security Alliance. The group claims the latest survey (PDF) of its 500 members suggests the NSA leaks would make more than half non-US the respondents think twice about hosting their data with American-based …
Flag India

Gartner says offshore work is booming

India will likely remain the offshore king when it comes to firms farming out IT skills abroad, but businesses are increasingly looking to spread the risk by adopting several locations, according to Gartner. The IT analysts predicted today that in 2008 offshore spending was set to boom by 40 per cent in the US and 60 per cent …
Kelly Fiveash, 11 Dec 2007
Grannote fujitsu laptop notebook elderly old users

Returning a laptop to PC World ruined this bloke's credit score. Today the Supreme Court ended his 15-year nightmare

A dad whose credit rating was "annihilated" over a laptop he bought in 1998 has today won an epic legal fight to clear his name. Richard Durkin's 15-year nightmare began when he walked into a PC World store in Aberdeen, Scotland, to buy a £1,449 notebook. He specifically asked for a computer with a modem. A sales assistant …
Jasper Hamill, 26 Mar 2014
The Register breaking news

CipherCloud lands in Oz

US encryption vendor CipherCloud, setup by ArcSight founding VP of engineering Pravin Kothari, is going live with an Australian office to provide professional services to local customers and give sales a kick along. The company positions itself as allowing companies to resolve the most common concern of moving to cloud computing …

Infosys set for $35m fine over US visa naughtiness

Indian IT services giant Infosys is bracing itself for a $35 million (£22m) fine from the US government for visa irregularities, in what will be the largest financial penalty ever handed out for an immigration infraction. The fine, expected to be announced later today, comes after a Department of Homeland Security and State …
Phil Muncaster, 30 Oct 2013

Apple dodged all UK corporation tax in 2012

Apple didn't pay any corporation tax in the UK last year, according to its latest filings in the country, adding to controversy at home about its imaginative tax planning. The fruity firm's main British subsidiaries Apple (UK), Apple Europe and Apple Retail UK reported pre-tax profits between them of £68m in the year to …
The chinese characters for China as used in the new .中国  domain

Chinese outsourcer sets up at Uni of Wollongong

The University of Wollongong is to play host to a development facility of Chinese outsourcing provider Pactera. Pactera, the offspring of a merger between VanceInfo Technologies and HiSoft Technology International, is taking 450 square metres of on-campus commercial space for software development, testing and support. Michael …
The Register breaking news

Apple chief Cook: You - senators. Get in here and redo this tax law

Apple supremo Tim Cook will dare US senators to rewrite tax laws seeing as the politicians are so upset about tech giants' tiny contributions to America's public coffers. At a Senate hearing on Tuesday, the chief exec will suggest ways to persuade firms to bank their profits at home rather than in offshore accounts, a move that …
The Register breaking news

Breaking: Megaupload seizures illegal says NZ High Court

America’s case against Megaupload boss Kim Dotcom is looking increasingly shambolic, with a New Zealand High Court judge finding that the property seizures in January raid were illegal. Both New Zealand’s National Business Review and TVNZ are reporting that Judge Helen Winkelmann has declared the warrants used in the searches of …
Iranian President Mahmoud Ahmadinejad receives news of the successful 'Omid' launch

Iran says its infosec defences foiled oil hack

Iran is claiming to have successfully deflected yet another large scale cyber attack on critical infrastructure in the country, this time targeted at its offshore oil installations. A brief report on the Iranian Students’ News Agency site on Monday seemed to accuse Israel and China of being behind an attack on the National …
Phil Muncaster, 10 Oct 2012
The Register breaking news

Water utility auditor resigns, transfers $9m offshore

California and federal officials are searching for a former employee of a large water utility who is suspected of trying to transfer more than $9m to an offshore account after quitting the company. Abdirahman Ismail Abdi made the brazen transfers on April 27, just hours after resigning from the California Water Services Company …
Dan Goodin, 26 May 2009
The Register breaking news

US Congress votes for some offshore oil relaxations

The US Congress has voted to end America's ban on offshore oil and gas drilling in the face of rising petrol prices. However the White House is resisting the Democrats' energy package, saying it will stifle the oil industry. Reuters reports that the Democrat-controlled lower house passed the proposed measures by 236 votes to 189 …
Lewis Page, 17 Sep 2008
australia

Tech policy battle: Australian Industry Group vs. Information Industries Association

Two big lobby groups have just released their visions for Australia's future economy, and agree on the need for reform that will help Australia's technology sector to improve its performance. Let's start with business lobby group The Australian Industry Group (AIG), which this morning published its 10 point plan for a strong and …
The Register breaking news

Apple's head bean counter boasts WORLD'S BIGGEST PACKAGE

Apple's chief financial officer Peter Oppenheimer has been named the best paid corporate bean counter of 2012. According to data from Bloomberg News, the uber-accountant was paid $68.6 million; over an order of magnitude more than the piddling $4.17 million pocketed by his CEO, Tim Cook. Oracle's CFO Safra Catz edged into …
Jasper Hamill, 09 May 2013
The Register breaking news

Darling's £0.5bn offshore windfarm 'leccy-bill stealth levy

A lot of people are wondering how the British government can deliver colossal bank bailouts and pay rapidly-climbing dole bills - all the while collecting less taxes as people are laid off and companies founder - and yet still find money to subsidise green energy. Chancellor Alistair Darling has found a cunning way around the …
Lewis Page, 23 Apr 2009