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Lumber Liquidators promotes compliance exec
Toano, Va. – Lumber Liquidators is promoting Ray Cotton to senior VP, chief compliance and sustainability officer. Cotton, previously VP, chief compliance and sustainability officer, will continue to manage Lumber Liquidators' quality assurance, sustainable sourcing, loss prevention, risk management and compliance with legal and regulatory requirements of global trade.
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Report: EU accuses Ireland, Apple of improper tax deal
Cupertino, Calif. – Following an investigation launched in June, the European Union (EU) is reportedly formally accusing the Republic of Ireland and Apple of striking an improper deal that has kept Apple’s taxes in Ireland artificially low since 1991. According to CNN, the arrangement has allowed Apple to pay a tax rate as low as 2% on earnings of Irish subsidiary.