40% of A.I. start-ups in Europe have almost nothing to do with A.I., research finds

Nearly half of the companies in Europe that call themselves AI start-ups don’t in fact use artificial intelligence, a new report found. The research, published Tuesday by London-based venture capital firm MMC Ventures, found no evidence that artificial intelligence was an important part of the products offered by 40 percent of Europe’s 2,830 AI start-ups. Kelnar said Europe is entering an “era of AI entrepreneurship” with one out of every 12 new start-ups putting AI at the core of their operatio


Nearly half of the companies in Europe that call themselves AI start-ups don’t in fact use artificial intelligence, a new report found. The research, published Tuesday by London-based venture capital firm MMC Ventures, found no evidence that artificial intelligence was an important part of the products offered by 40 percent of Europe’s 2,830 AI start-ups. Kelnar said Europe is entering an “era of AI entrepreneurship” with one out of every 12 new start-ups putting AI at the core of their operatio
40% of A.I. start-ups in Europe have almost nothing to do with A.I., research finds Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-03-06  Authors: elizabeth schulze, fabrice coffrini, afp, getty images
Keywords: news, cnbc, companies, 40, software, research, ai, companies, property, finds, survey, europe, startups, value, funding, mmc


40% of A.I. start-ups in Europe have almost nothing to do with A.I., research finds

Nearly half of the companies in Europe that call themselves AI start-ups don’t in fact use artificial intelligence, a new report found.

The research, published Tuesday by London-based venture capital firm MMC Ventures, found no evidence that artificial intelligence was an important part of the products offered by 40 percent of Europe’s 2,830 AI start-ups. The report’s authors individually reviewed the activities, functions and funding of start-ups across 13 EU countries. It did not name any of the start-ups involved in the study.

The findings raise questions about how the term AI has become a blanket phrase for start-ups looking to attract investments and position themselves at the forefront of tech innovation.

“There’s a huge amount of hype around, but one of the ways that we hope to add value as an investor … is to help cut through that and highlight the technology,” said David Kelnar, head of research at MMC, in a phone interview with CNBC on Tuesday.

Kelnar said Europe is entering an “era of AI entrepreneurship” with one out of every 12 new start-ups putting AI at the core of their operations. In 2013, the survey found just one in 50 new start-ups embraced AI.

One reason start-ups could be calling themselves AI companies is to attract more funding. MMC’s survey found AI companies have raised between 15 and 50 percent more capital in their funding rounds than traditional software companies since 2015. AI start-ups also secured higher valuations than software firms.

Peter Finnie, a partner at intellectual property law firm Gill Jennings and Every, said there has been a surge in AI patent filings as companies look to make their businesses more investable.

“From an intellectual property perspective, the use of AI in this way actually holds little to no value,” he said in an email to CNBC. “The AI sector is a bubble that might well burst because of this.”


Company: cnbc, Activity: cnbc, Date: 2019-03-06  Authors: elizabeth schulze, fabrice coffrini, afp, getty images
Keywords: news, cnbc, companies, 40, software, research, ai, companies, property, finds, survey, europe, startups, value, funding, mmc


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Roche to buy gene therapy specialist Spark in $4.3 billion deal

Roche Holding AG said on Monday it will buy Spark Therapeutics in a $4.3 billion deal, as the Swiss drugmaker builds its haemophilia portfolio and seeks to keep pace in gene therapy. With Philadelphia-based Spark, Roche jumps into a crowded haemophilia gene therapy market, as other players Biomarin Pharma, Uniqure NV, and Sangamo have prospective treatments in the works. “Spark Therapeutics’ haemophilia A programme could become a new therapeutic option for people living with this disease,” Roche


Roche Holding AG said on Monday it will buy Spark Therapeutics in a $4.3 billion deal, as the Swiss drugmaker builds its haemophilia portfolio and seeks to keep pace in gene therapy. With Philadelphia-based Spark, Roche jumps into a crowded haemophilia gene therapy market, as other players Biomarin Pharma, Uniqure NV, and Sangamo have prospective treatments in the works. “Spark Therapeutics’ haemophilia A programme could become a new therapeutic option for people living with this disease,” Roche
Roche to buy gene therapy specialist Spark in $4.3 billion deal Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-02-25  Authors: fabrice coffrini, afp, getty images
Keywords: news, cnbc, companies, buy, treatments, haemophilia, sparks, therapeutics, therapy, gene, deal, 43, swiss, spark, disease, specialist, roche, billion


Roche to buy gene therapy specialist Spark in $4.3 billion deal

Roche Holding AG said on Monday it will buy Spark Therapeutics in a $4.3 billion deal, as the Swiss drugmaker builds its haemophilia portfolio and seeks to keep pace in gene therapy.

Roche will acquire U.S.-based Spark for $114.50 per share, a premium of about 122 percent to Spark’s closing price on Feb. 22, the Swiss company said in a statement.

Roche already sells Hemlibra, a drug against haemophilia A that helps stop bleeding in patients with the life-threatening genetic disorder that prevents their blood from clotting properly.

With Philadelphia-based Spark, Roche jumps into a crowded haemophilia gene therapy market, as other players Biomarin Pharma, Uniqure NV, and Sangamo have prospective treatments in the works.

“Spark Therapeutics’ haemophilia A programme could become a new therapeutic option for people living with this disease,” Roche Chief Executive Severin Schwan said in the statement.

Spark’s shares traded last week around $50, well off their July high of more than $95 per share. The U.S.-company’s stock tumbled last year after announcing two out of 12 patients showed an unfavorable immune response when treated with a higher dose of Spark’s haemophilia therapy SPK-8011.

Spark’s $850,000-per patient gene therapy Luxturna, which is sold in the United States by Spark and elsewhere by Novartis after its approval in 2017, is a one-time treatment for a rare genetic disease that causes blindness in about 1 in 200,000 people.

Among Spark’s top drug hopefuls in the clinic is SPK-8011, for haemophilia A, that is expected to start Phase 3 trials in 2019. It is also working on a therapy for haemophilia B, as well as treatments for Pompe disease, blindness-causing choroideremia and Huntington’s disease, among others.


Company: cnbc, Activity: cnbc, Date: 2019-02-25  Authors: fabrice coffrini, afp, getty images
Keywords: news, cnbc, companies, buy, treatments, haemophilia, sparks, therapeutics, therapy, gene, deal, 43, swiss, spark, disease, specialist, roche, billion


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French court fines UBS 4.5 billion euros in tax fraud case

A French court on Wednesday found Swiss bank UBS AG guilty of illegally soliciting clients in France and laundering the proceeds of tax evasion, and ordered it to pay 4.5 billion euros ($5.10 billion) in penalties. The penalties, almost equivalent to the bank’s net profit last year, included a 3.7 billion euro fine and additional damages of 800 million euros to the French state. UBS has set aside $2.46 billion to cover potential losses from litigation and regulatory requirements. The French tria


A French court on Wednesday found Swiss bank UBS AG guilty of illegally soliciting clients in France and laundering the proceeds of tax evasion, and ordered it to pay 4.5 billion euros ($5.10 billion) in penalties. The penalties, almost equivalent to the bank’s net profit last year, included a 3.7 billion euro fine and additional damages of 800 million euros to the French state. UBS has set aside $2.46 billion to cover potential losses from litigation and regulatory requirements. The French tria
French court fines UBS 4.5 billion euros in tax fraud case Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-02-20  Authors: fabrice coffrini, afp, getty images
Keywords: news, cnbc, companies, fines, court, french, 45, net, billion, case, million, ubs, fine, tax, profit, euros, euro, fraud


French court fines UBS 4.5 billion euros in tax fraud case

A French court on Wednesday found Swiss bank UBS AG guilty of illegally soliciting clients in France and laundering the proceeds of tax evasion, and ordered it to pay 4.5 billion euros ($5.10 billion) in penalties.

Shares in UBS fell 2 percent. A lawyer for UBS said the bank would appeal the ruling.

The penalties, almost equivalent to the bank’s net profit last year, included a 3.7 billion euro fine and additional damages of 800 million euros to the French state.

UBS has denied any wrongdoing. An appeal could see the case drag on for years, analysts say.

UBS has set aside $2.46 billion to cover potential losses from litigation and regulatory requirements.

The French trial follows a similar case in the United States, where UBS accepted a $780 million settlement in 2009, and in Germany, where it agreed to a 300 million euro fine in 2014. UBS last month reported a 2018 net profit of $4.9 billion.

($1 = 0.8821 euros)


Company: cnbc, Activity: cnbc, Date: 2019-02-20  Authors: fabrice coffrini, afp, getty images
Keywords: news, cnbc, companies, fines, court, french, 45, net, billion, case, million, ubs, fine, tax, profit, euros, euro, fraud


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Geneva Motor Show to debut electric versions of two long-gone cars

Over the past century, hundreds of once-familiar brand names have been shipped off to the automotive scrapyard, but two long-dead makes will be vying for a revival next month at the annual Geneva International Motor Show. To find a place in a rapidly evolving auto industry, British-based Lagonda and Spain’s Hispano Suiza are looking forward into the past, blending heritage with futuristic technology, including all-electric drivetrains. The emergence of electrified powertrains and autonomous driv


Over the past century, hundreds of once-familiar brand names have been shipped off to the automotive scrapyard, but two long-dead makes will be vying for a revival next month at the annual Geneva International Motor Show. To find a place in a rapidly evolving auto industry, British-based Lagonda and Spain’s Hispano Suiza are looking forward into the past, blending heritage with futuristic technology, including all-electric drivetrains. The emergence of electrified powertrains and autonomous driv
Geneva Motor Show to debut electric versions of two long-gone cars Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-02-14  Authors: paul a eisenstein, fabrice coffrini, afp, getty images, source, aston martin, hispano suiza, david paul morris, bloomberg, nrqemi
Keywords: news, cnbc, companies, electric, tesla, cars, versions, longgone, technology, past, luxury, isnt, vying, geneva, debut, provide, motor, vehicles, including, automotive


Geneva Motor Show to debut electric versions of two long-gone cars

Over the past century, hundreds of once-familiar brand names have been shipped off to the automotive scrapyard, but two long-dead makes will be vying for a revival next month at the annual Geneva International Motor Show.

To find a place in a rapidly evolving auto industry, British-based Lagonda and Spain’s Hispano Suiza are looking forward into the past, blending heritage with futuristic technology, including all-electric drivetrains. The emergence of electrified powertrains and autonomous driving, experts suggest, could open the door not only to new players like Tesla, but provide an opportunity to bring back some old brands.

Battery technology “isn’t ready for the mainstream, but the luxury market is a different matter,” said David Cole, chairman emeritus of the Center for Automotive Research in Ann Arbor, Michigan. “With luxury vehicles, the cost of batteries isn’t a big deal,” but the potential benefits, including extreme levels of performance, can provide an appealing alternative to conventional gas-powered models.


Company: cnbc, Activity: cnbc, Date: 2019-02-14  Authors: paul a eisenstein, fabrice coffrini, afp, getty images, source, aston martin, hispano suiza, david paul morris, bloomberg, nrqemi
Keywords: news, cnbc, companies, electric, tesla, cars, versions, longgone, technology, past, luxury, isnt, vying, geneva, debut, provide, motor, vehicles, including, automotive


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Geneva Motor Show to debut electric versions of two long-gone cars

Over the past century, hundreds of once-familiar brand names have been shipped off to the automotive scrapyard, but two long-dead makes will be vying for a revival next month at the annual Geneva International Motor Show. To find a place in a rapidly evolving auto industry, British-based Lagonda and Spain’s Hispano Suiza are looking forward into the past, blending heritage with futuristic technology, including all-electric drivetrains. The emergence of electrified powertrains and autonomous driv


Over the past century, hundreds of once-familiar brand names have been shipped off to the automotive scrapyard, but two long-dead makes will be vying for a revival next month at the annual Geneva International Motor Show. To find a place in a rapidly evolving auto industry, British-based Lagonda and Spain’s Hispano Suiza are looking forward into the past, blending heritage with futuristic technology, including all-electric drivetrains. The emergence of electrified powertrains and autonomous driv
Geneva Motor Show to debut electric versions of two long-gone cars Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-02-14  Authors: paul a eisenstein, fabrice coffrini, afp, getty images, source, aston martin, hispano suiza, david paul morris, bloomberg, nrqemi
Keywords: news, cnbc, companies, electric, tesla, cars, versions, longgone, technology, past, luxury, isnt, vying, geneva, debut, provide, motor, vehicles, including, automotive


Geneva Motor Show to debut electric versions of two long-gone cars

Over the past century, hundreds of once-familiar brand names have been shipped off to the automotive scrapyard, but two long-dead makes will be vying for a revival next month at the annual Geneva International Motor Show.

To find a place in a rapidly evolving auto industry, British-based Lagonda and Spain’s Hispano Suiza are looking forward into the past, blending heritage with futuristic technology, including all-electric drivetrains. The emergence of electrified powertrains and autonomous driving, experts suggest, could open the door not only to new players like Tesla, but provide an opportunity to bring back some old brands.

Battery technology “isn’t ready for the mainstream, but the luxury market is a different matter,” said David Cole, chairman emeritus of the Center for Automotive Research in Ann Arbor, Michigan. “With luxury vehicles, the cost of batteries isn’t a big deal,” but the potential benefits, including extreme levels of performance, can provide an appealing alternative to conventional gas-powered models.


Company: cnbc, Activity: cnbc, Date: 2019-02-14  Authors: paul a eisenstein, fabrice coffrini, afp, getty images, source, aston martin, hispano suiza, david paul morris, bloomberg, nrqemi
Keywords: news, cnbc, companies, electric, tesla, cars, versions, longgone, technology, past, luxury, isnt, vying, geneva, debut, provide, motor, vehicles, including, automotive


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40% of Americans want Warren Buffett’s investment advice. Trump? Not so much: Survey

More than 40 percent of people said they’d be most likely to take investing advice from the Oracle of Omaha, according to the Acorns 2018 Money Matters Report. Buffett, the investing wiz who knocked on doors selling chewing gum as a child, is now worth $83.6 billion. Still, many Americans are delaying investing until their financial situation improves, the Acorns report found”There’s a sense that this is too big a mountain to climb,” Acorns CEO Noah Kerner said. Half of respondents didn’t invest


More than 40 percent of people said they’d be most likely to take investing advice from the Oracle of Omaha, according to the Acorns 2018 Money Matters Report. Buffett, the investing wiz who knocked on doors selling chewing gum as a child, is now worth $83.6 billion. Still, many Americans are delaying investing until their financial situation improves, the Acorns report found”There’s a sense that this is too big a mountain to climb,” Acorns CEO Noah Kerner said. Half of respondents didn’t invest
40% of Americans want Warren Buffett’s investment advice. Trump? Not so much: Survey Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-02-12  Authors: annie nova, johnny nunez, getty images, fabrice coffrini, afp
Keywords: news, cnbc, companies, buffetts, acorns, survey, report, advice, warren, investing, 40, money, americans, 2018, investment, think, surveymonkey, trump, financial


40% of Americans want Warren Buffett's investment advice. Trump? Not so much: Survey

Americans want help from Warren Buffett.

More than 40 percent of people said they’d be most likely to take investing advice from the Oracle of Omaha, according to the Acorns 2018 Money Matters Report.

Buffett, the investing wiz who knocked on doors selling chewing gum as a child, is now worth $83.6 billion.

The report also found that 32 percent thought Oprah Winfrey is the best choice to discuss their finances. Just 17 percent think President Donald Trump should be their go-to guy.

Just 5 percent of people want financial wisdom from Jay-Z or Facebook Chief Operating Officer Sheryl Sandberg, despite their success.

So what is Buffett’s advice? “[I]n 10 or 20 or 30 years, I think stocks will be a lot higher than they are now,” Buffett has said. “If you buy them over time, you basically can’t lose.”

Still, many Americans are delaying investing until their financial situation improves, the Acorns report found

“There’s a sense that this is too big a mountain to climb,” Acorns CEO Noah Kerner said.

Half of respondents didn’t invest any money in 2018, while 80 percent of those who did put less than $5,000 in the market.

Acorns commissioned SurveyMonkey to conduct the research.The survey was not directed at Acorns customers. SurveyMonkey interviewed 3,403 people in November.


Company: cnbc, Activity: cnbc, Date: 2019-02-12  Authors: annie nova, johnny nunez, getty images, fabrice coffrini, afp
Keywords: news, cnbc, companies, buffetts, acorns, survey, report, advice, warren, investing, 40, money, americans, 2018, investment, think, surveymonkey, trump, financial


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40% of Americans want Warren Buffett’s investment advice. Trump? Not so much: Survey

More than 40 percent of people said they’d be most likely to take investing advice from the Oracle of Omaha, according to the Acorns 2018 Money Matters Report. Buffett, the investing wiz who knocked on doors selling chewing gum as a child, is now worth $83.6 billion. Still, many Americans are delaying investing until their financial situation improves, the Acorns report found”There’s a sense that this is too big a mountain to climb,” Acorns CEO Noah Kerner said. Half of respondents didn’t invest


More than 40 percent of people said they’d be most likely to take investing advice from the Oracle of Omaha, according to the Acorns 2018 Money Matters Report. Buffett, the investing wiz who knocked on doors selling chewing gum as a child, is now worth $83.6 billion. Still, many Americans are delaying investing until their financial situation improves, the Acorns report found”There’s a sense that this is too big a mountain to climb,” Acorns CEO Noah Kerner said. Half of respondents didn’t invest
40% of Americans want Warren Buffett’s investment advice. Trump? Not so much: Survey Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-02-12  Authors: annie nova, johnny nunez, getty images, fabrice coffrini, afp
Keywords: news, cnbc, companies, surveymonkey, acorns, investing, survey, trump, 2018, financial, warren, think, report, advice, money, americans, 40, investment, buffetts


40% of Americans want Warren Buffett's investment advice. Trump? Not so much: Survey

Americans want help from Warren Buffett.

More than 40 percent of people said they’d be most likely to take investing advice from the Oracle of Omaha, according to the Acorns 2018 Money Matters Report.

Buffett, the investing wiz who knocked on doors selling chewing gum as a child, is now worth $83.6 billion.

The report also found that 32 percent thought Oprah Winfrey is the best choice to discuss their finances. Just 17 percent think President Donald Trump should be their go-to guy.

Just 5 percent of people want financial wisdom from Jay-Z or Facebook Chief Operating Officer Sheryl Sandberg, despite their success.

So what is Buffett’s advice? “[I]n 10 or 20 or 30 years, I think stocks will be a lot higher than they are now,” Buffett has said. “If you buy them over time, you basically can’t lose.”

Still, many Americans are delaying investing until their financial situation improves, the Acorns report found

“There’s a sense that this is too big a mountain to climb,” Acorns CEO Noah Kerner said.

Half of respondents didn’t invest any money in 2018, while 80 percent of those who did put less than $5,000 in the market.

Acorns commissioned SurveyMonkey to conduct the research.The survey was not directed at Acorns customers. SurveyMonkey interviewed 3,403 people in November.


Company: cnbc, Activity: cnbc, Date: 2019-02-12  Authors: annie nova, johnny nunez, getty images, fabrice coffrini, afp
Keywords: news, cnbc, companies, surveymonkey, acorns, investing, survey, trump, 2018, financial, warren, think, report, advice, money, americans, 40, investment, buffetts


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Huawei’s fate in the US will be decided in the coming weeks

Canada’s Department of Justice is now reviewing an application by its U.S. counterpart on whether to extradite Huawei CFO Meng Wanzhou, daughter of founder Ren Zhengfei, on fraud charges. Prosecutors for the Eastern District of New York say Meng and Huawei committed fraud by seeking to hide payments made for equipment sold to Iran, a violation of sanctions against that country, from U.S. banks. If that is issued, an extradition hearing will be scheduled by the British Columbia Supreme Court, acc


Canada’s Department of Justice is now reviewing an application by its U.S. counterpart on whether to extradite Huawei CFO Meng Wanzhou, daughter of founder Ren Zhengfei, on fraud charges. Prosecutors for the Eastern District of New York say Meng and Huawei committed fraud by seeking to hide payments made for equipment sold to Iran, a violation of sanctions against that country, from U.S. banks. If that is issued, an extradition hearing will be scheduled by the British Columbia Supreme Court, acc
Huawei’s fate in the US will be decided in the coming weeks Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-02-11  Authors: kate fazzini, fabrice coffrini, afp, getty images
Keywords: news, cnbc, companies, fate, meng, fraud, extradition, hearing, coming, huawei, department, justice, huaweis, scheduled, weeks, spokesperson, decided, china


Huawei's fate in the US will be decided in the coming weeks

Canada’s Department of Justice is now reviewing an application by its U.S. counterpart on whether to extradite Huawei CFO Meng Wanzhou, daughter of founder Ren Zhengfei, on fraud charges.

Prosecutors for the Eastern District of New York say Meng and Huawei committed fraud by seeking to hide payments made for equipment sold to Iran, a violation of sanctions against that country, from U.S. banks.

Canada’s Department of Justice has a March 1 deadline to decide whether to issue an “Authority to Proceed,” a step which will provide the official go-ahead to begin hearing arguments for and against extradition.

If that is issued, an extradition hearing will be scheduled by the British Columbia Supreme Court, according to a spokesperson for the Canadian Ministry of Justice. Meng’s next court appearance has been scheduled for March 6, the spokesperson said.

The case has proven highly fraught for Canada, leading to several diplomatic spats with China and the possibly retaliatory arrests of several Canadian citizens living and working in China. Because of this, Canada may have additional incentive to protect its own trade interests with China, making the U.S.’ case for extradition even more tricky.


Company: cnbc, Activity: cnbc, Date: 2019-02-11  Authors: kate fazzini, fabrice coffrini, afp, getty images
Keywords: news, cnbc, companies, fate, meng, fraud, extradition, hearing, coming, huawei, department, justice, huaweis, scheduled, weeks, spokesperson, decided, china


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Credit Suisse warns of higher tax rate under new US rules

Credit Suisse expects a higher tax rate for 2018 than previously forecast, saying on Wednesday it expects to be hit by U.S. tax provisions aimed at preventing companies from shifting profits abroad. Switzerland’s second biggest lender said it expects an effective tax rate of roughly 40 percent on 2018 results, up from the 36.8 percent rate for the first nine months and higher than its previous full-year guidance of 37 percent. The bank said the estimate included an “adverse impact” of about 2 pe


Credit Suisse expects a higher tax rate for 2018 than previously forecast, saying on Wednesday it expects to be hit by U.S. tax provisions aimed at preventing companies from shifting profits abroad. Switzerland’s second biggest lender said it expects an effective tax rate of roughly 40 percent on 2018 results, up from the 36.8 percent rate for the first nine months and higher than its previous full-year guidance of 37 percent. The bank said the estimate included an “adverse impact” of about 2 pe
Credit Suisse warns of higher tax rate under new US rules Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-02-06  Authors: fabrice coffrini, afp, getty images
Keywords: news, cnbc, companies, expects, credit, beat, warns, 2018, tax, lender, higher, subject, suisse, rate, rules


Credit Suisse warns of higher tax rate under new US rules

Credit Suisse expects a higher tax rate for 2018 than previously forecast, saying on Wednesday it expects to be hit by U.S. tax provisions aimed at preventing companies from shifting profits abroad.

Switzerland’s second biggest lender said it expects an effective tax rate of roughly 40 percent on 2018 results, up from the 36.8 percent rate for the first nine months and higher than its previous full-year guidance of 37 percent.

The bank said the estimate included an “adverse impact” of about 2 percent, based on its assessment of new U.S. regulations.

The Base Erosion Anti-Abuse Tax (BEAT), introduced by the U.S. Treasury Department in December, aims to prevent companies from reducing earnings of their U.S. operations by loading their businesses with costs and deductions, and then using intercompany transfers to shift profit to lower-tax locations abroad.

The rule applies to corporate taxpayers with gross receipts of more than $500 million that make deductible payments to foreign entities. While the BEAT rules are still subject to final clarification, Credit Suisse said “it is more likely than not that the group will be subject to this tax for 2018”.

The bank also estimates the BEAT regulations would raise its tax burden by about 2 percent next year, to an estimated 30 percent. The Zurich-based lender, due to report full year figures on Feb. 14, said it still awaited final publication of the rules before it could say for certain if it was liable for the tax in 2018 and 2019, as well as the size of the liability.


Company: cnbc, Activity: cnbc, Date: 2019-02-06  Authors: fabrice coffrini, afp, getty images
Keywords: news, cnbc, companies, expects, credit, beat, warns, 2018, tax, lender, higher, subject, suisse, rate, rules


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WEF 2019: Matt Damon on what led to his passion with humanitarian work

When he’s not spending time in front of, or behind the camera, actor Matt Damon is raising awareness about the water crisis that’s affecting people across the globe. In 2009, Damon teamed up with Gary White to launch Water.org, a charity dedicated to delivering safe water and sanitation to everyone. Today, the group has been able to empower over 16 million people, by providing access to clean water and hygiene. Put simply: his upbringing, the actor recently told CNBC. Damon explained how much of


When he’s not spending time in front of, or behind the camera, actor Matt Damon is raising awareness about the water crisis that’s affecting people across the globe. In 2009, Damon teamed up with Gary White to launch Water.org, a charity dedicated to delivering safe water and sanitation to everyone. Today, the group has been able to empower over 16 million people, by providing access to clean water and hygiene. Put simply: his upbringing, the actor recently told CNBC. Damon explained how much of
WEF 2019: Matt Damon on what led to his passion with humanitarian work Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-02-01  Authors: alexandra gibbs, fabrice coffrini, afp, getty images
Keywords: news, cnbc, companies, travel, passion, led, world, told, white, matt, week, waterorg, 2019, water, actor, work, upbringing, humanitarian, damon, wef


WEF 2019: Matt Damon on what led to his passion with humanitarian work

When he’s not spending time in front of, or behind the camera, actor Matt Damon is raising awareness about the water crisis that’s affecting people across the globe.

In 2009, Damon teamed up with Gary White to launch Water.org, a charity dedicated to delivering safe water and sanitation to everyone. Today, the group has been able to empower over 16 million people, by providing access to clean water and hygiene.

So, where did Damon’s drive to promote water equality for everyone come from? Put simply: his upbringing, the actor recently told CNBC.

“I think a lot of it came from my parents. My mother did take me to Mexico and to Guatemala and I did get to see extreme poverty up close as a teenager and that had a profound effect on me,” the award-winning actor told CNBC’s Tania Bryer at the World Economic Forum last week in Davos, Switzerland.

Damon explained how much of an impact travel has had on him growing up, as it gave him the chance to see how other people and nations lived.


Company: cnbc, Activity: cnbc, Date: 2019-02-01  Authors: alexandra gibbs, fabrice coffrini, afp, getty images
Keywords: news, cnbc, companies, travel, passion, led, world, told, white, matt, week, waterorg, 2019, water, actor, work, upbringing, humanitarian, damon, wef


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