Jan 24, 2018

The U.S. wants to be the new tax haven for tech giants

The new tax overhaul might allow the United States might be the next base of operations for American companies that make a significant amount of cash via their intellectual property, per The Wall Street Journal. Foreign-derived intangible income, the money that companies make overseas on U.S.-produced goods that utilize their IP, will be taxed at 13.125% through 2025 and 16.4% thereafter, down from a previous top rate of 35%.

Why it matters: Ireland's similar tax break on intellectual property, known affectionately as the "Double Irish," ends after 2020. Its lucrative tax structure lured companies like Facebook and Alphabet to set up shop in Dublin, and the U.S. hopes to bring that money back home.

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Updated 1 hour ago - Health

World coronavirus updates

Data: The Center for Systems Science and Engineering at Johns Hopkins; Map: Axios Visuals

India extended its nationwide lockdown — one of the longest-running in the world — on Saturday, as deaths and infections rise, per Johns Hopkins. The country also moved to allow restaurants, hotels and churches outside of hotspots to begin reopening.

By the numbers: Nearly 6 million people have tested positive for COVID-19 worldwide and over 2.5 million have recovered from the virus. Over 367,000 people have died globally. The U.S. has reported the most cases in the world with over 1.7 million.

Updated 2 hours ago - Politics & Policy

In photos: Protesters clash with police nationwide over George Floyd

Police officers grapple with protesters in Atlanta. Photo: Elijah Nouvelage/Getty Images

Police used tear gas, rubber bullets and pepper spray as the protests sparked by the killing of George Floyd spread nationwide on Friday evening and continued into Saturday.

The big picture: Police responded over the weekend in force, in cities ranging from Salt Lake City to Atlanta to Des Moines, Houston to Detroit, Milwaukee to Washington, D.C., Denver and Louisville. Large crowds gathered in Minneapolis on Saturday for the fourth day in a row.

Updated 3 hours ago - Science

Live updates: SpaceX launches NASA astronauts to space station

Photo: NASA TV

SpaceX just launched NASA astronauts Doug Hurley and Bob Behnken on an historic ride to the International Space Station.

Why it matters: The launch brings crewed launches back to the U.S. for the first time in nine years, since the end of the space shuttle program.

Follow along below for live updates...