Future of state estate taxes hangs on U.S. "fiscal cliff"

(Reuters) - Falling off the "fiscal cliff" is a bad thing, right?Not necessarily for some state governments that could begin collecting more in estate taxes on wealth left to heirs if the United States goes over the "cliff," allowing sharp tax increases and federal spending cuts to take effect in January.In an example of federal and state tax law interaction that gets little notice on Capitol Hill,...

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Exclusive: Profits up, but Britain gets less tax from big firms

LONDON (Reuters) - Big companies in Britain now pay less tax than they did 12 years ago despite a big jump in profitability, a Reuters analysis of official data shows. Tax campaigners say the trend is the clearest signal yet that tax avoidance has blossomed under a more business-friendly strategy at the UK tax authority Her Majesty's Revenue and Customs (HMRC).Large companies' payments of corporation...

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House sets Sunday session as "fiscal cliff" deadline nears

WASHINGTON (Reuters) - The House of Representatives will return to Washington on Sunday night, just over a day before income tax rates are set to spike higher, in a last-ditch chance to avert the year-end "fiscal cliff."Senior Republican aides confirmed that House Speaker John Boehner on Thursday told members to be back in Washington in time for a 6:30 p.m. EST (2330 GMT) legislative session on Sunday.The...

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Merry Christmas, America-Haters?

When TNT was preparing its annual special "Christmas in Washington" with the president of the United States, you'd think the last star musician they would consider to join the official caroling would be Psy, the South Korean rapper. What on Earth is Christmasy about this man's invisible-horse-riding dance to his dorky disco-rap hit "Gangnam Style"? It's not exactly the natural flip-side to "O Holy...

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Why does Google build apps for its rival Apple's iPhone?

Why help a key competitor? Two words: Advertising and dataThere isn't any other way to say it: Apple and Google really don't like each other. Apple CEO Steve Jobs vowed to destroy the Google geniuses behind the Android operating system for allegedly stealing the basic mechanics of the iPhone. Apple and Google-partner Samsung are constantly at one another's throats over patents. And most recently new...

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Samsung Smart TVs: The next frontier for data theft and hacking [video]

Smart TVs, particularly Samsung’s (005930) last few generations of flat screens, can be hacked to give attackers remote access according to a security startup called ReVuln. The company says it discovered a “zero-day exploit” that hackers could potentially use to perform malicious activities that range from stealing accounts linked through apps to using built-in webcams and microphones to spy on...

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Huge Wave of Google App Updates Hits iOS, Android

Google just brought iPhone and Android phone users a holiday gift. Google Maps has returned to the iPhone, this time in the form of its own separate app, while Google Currents -- the company's Flipboard-style online magazine app for Android -- received a substantial update as well.Besides the two big updates, about a half-dozen other apps for Android and Google TV received bug fixes and new features,...

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Valve Confirms New Game Console on Its Way

In an interview with Kotaku's Jason Schreier at the Spike TV Video Game Awards, Valve co-founder Gabe Newell confirmed that a "living-room-friendly PC package," designed to "compete with next-gen consoles from companies like Microsoft and Sony," will be available for purchase starting next year.What makes a PC a PCMost of the machines Newell described, which he expected "companies" would "start selling"...

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Kenyan house prices rise in Q3 on interest rate drop

 Kenya's house prices rose by 7.1 percent in the third quarter of 2012 compared to the same period last year, a real estate firm said on Wednesday, as lower mortgage rates on the back of falling interest rates spurred demand for prime real estate.Housing has been one of Kenya's fastest growing sectors over the last decade, fuelled by a burgeoning middle class with higher disposable incomes. Returns...

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AP Photos: Falconers hunting on outskirts of Dubai

DUBAI, United Arab Emirates (AP) — Like his ancestors, Iraqi-born falcon trainer Abu Badr al-Anazi swings the carcass of a pigeon to attract a falcon released a few hundred meters (yards) away. The bird of prey arcs over the desert outskirts of Dubai before sinking its talons into the lure.While the methods to develop top-quality hunting falcons date back to antiquity, its transition into a modern...

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