When the irs is contacting them and saying, you owe us taxes. And that drives the taxpayer to be engaged in a long extended conversation with the irs. By that point the preparer is long gone, you cant find that preparer. I appreciate your clarifying that because i didnt think the standards were adequate even before we saw taxpayers bumping up against the kind of problems that youre talking about and i appreciate your demonstrating and that is usually the case that the unscrupulous are always one or two steps ahead of efforts, particularly voluntary efforts, to deal with the problem. Now i gather so were clear on this point the loving decision in your view has created new problems in effect in terms of protecting taxpayers, is that right . Well, absolutely. The loving decision, first of all, my reading of it did not could to the fact whether regulation is desirable or not. It addressed whether the irs has the authority to regulate the taxpayer under current law. There is injunction agai
We are kicking it off with another good deal for the world social network. Facebook making another multimillion dollar multibilliondollar acquisition will stop this time, buying oculus for 2 billion. You heard her right. Facebook, where people log on every day to share celebrity and actual news like the Malaysia Airlines search, facebook is trying to bring Virtual Reality to the mass market. Trying because it doesnt actually sell anything yet. Its one thing to make a prototype that is in a room that cannot be moved. It is another thing to make a few hundred dollars in the mass consumer eyes market. In the mass market. Have a number of challenges ahead, but we are getting closer. Withat was an interview brad stone of Bloomberg Businessweek a few you a few weeks ago. 2 billion for a Company Whose product is still in development. Paid 19 facebook just billion for a Global Messaging company whatsapp. Even that deal was question because of the number attached to it, 19 giants 19 times proje
Multinational response. He wants europe to come shoulder to shoulder with the United States of america. A real Business Impact and whether europe is prepared to take the next step. The u. S. Is ready to put into place the possibility of mining sanctions, financial sanctions. Cadre ofcdre sanctions could be considered today. The question is whether that pushes russia back into recession. Outave the latest pmi data of france that is just crossing. Lets get straight to david tweed in berlin. It looks like quite a surprise. Of theted strengthening French Economy with the Manufacturing Index above 50, indicating an expansion in the economy. Certainly good news for president francois hollande. German numbers coming out in about 30 minutes. I will be back with more analysis. Thank you very much. David tweed with the latest european pmi figures. According to a preliminary march, the nation will miss its target for growth. We have europe, ukraine, and china. And we have socgen this morning sayi
Face it is making a bet that Virtual Reality is the next thing for computing. A 2 billion debt. The Worlds Largest social buying oculus. It is the maker of the ski goggle like device they have rist. Relate to the mobile technology party. Facebook has made big acquisitions. The bought instagram in 2012. Trying to get ahead of the curve, putting facebook into your home and tablet. We have one billion people using our mobile apps. What is the next frontier, what is the next platform . Billion thating 2 is Virtual Reality. It becomes part of our everyday lives. These are awesomely the most social platform ever. It seems pretty insular, being in a Virtual Reality. You can play games erie it maybe the future is playing games with other people. If you are watching a game of tennis. 23. 1 million facebook shares. This is ahead of the curve. And they are talking about the other applications. How is this going down with investors . Shares lost on their value. 0. 8 after 8 p. M. U. S. Time. Maybe
In the far east, we have got it all. Lunch money. All right, we are kicking it off, another deal for the world social network. Facebook making another multimillion dollar acquisition, is done by a Virtual Reality company for 2 billion. Yes, you heard her right. Facebook, where millions of people log on every day, like chris martin and Gwyneth Paltrows breakup. Yes, it is true. I say, they are trying to bring Virtual Reality to the mass market, trying because it does not actually sell anything yet. There is a lot to get it out there. It is one thing to make a prototype in a room that can be moved. It is another thing to make it a few hundred dollars in a mass market, mass consumer rise situation that you can show to the world, so we definitely have a number of challenges ahead, but we are getting closer. That was an interview with brad stone of Bloomberg Businessweek a few years ago. He is the ceo and cofounder of facebook iscompany buying. The company has a product that is still in dev