Bamboo, an
online investments platform that allows Nigerians and other users to access foreign and local securities, on Friday assured investors that their asset were safe.
The platform said this in response to the Securities And Exchange Commission’s declaration that services offered by Bamboo and other similar platforms were illegal.
Richmond Bassey, Bamboo’s Chief Executive Officer, said in a statement that investors’ assets on its platform “remain safe and easily accessible to you.”
“We are already in discussions with the SEC and our broker partner and are fully committed to working with them to ensure your interests as our users are fully protected,” he said.
1of4
Gilbert Garcia, founder of Garcia Hamilton & Associates, is shown in Houston.Melissa Phillip, Houston Chronicle / Staff photographerShow MoreShow Less
2of4
The Fearless Girl statue stands in front of the New York Stock Exchange in New York s Financial District.Mary Altaffer, STF / Associated PressShow MoreShow Less
3of4
Gilbert Garcia, founder of Garcia Hamilton & Associates, is shown in Houston.Melissa Phillip, Houston Chronicle / Staff photographerShow MoreShow Less
4of4
From left, House Financial Services Committee Chairwoman Maxine Waters, D-Calif., Rep. Anna Eshoo, D-Calif., chair of the House Health Subcommittee, and Rep. Sylvia Garcia, D-Texas, rush to the chamber for a vote.J. Scott Applewhite, STF / Associated PressShow MoreShow Less
International Business News: Two months after a market phenomenon took shares of GameStop to the moon, the video game retailer said Monday that it will sell up to 3.5 million of i
Salesforce paid no federal income tax in 2020 despite $2.6 billion in profit
FacebookTwitterEmail
Salesforce CEO Marc Benioff supported Proposition C, a 2018 San Francisco measure which raised the company’s city taxes. Salesforce said in 2019 that it took no position on federal tax cuts.Jessica Christian / The Chronicle 2018
Salesforce, San Francisco’s largest private employer, was among 55 major U.S. companies that paid no federal income taxes in 2020, according to a new report.
The cloud computing giant had $2.6 billion in net income in its 2021 fiscal year ending on Jan. 31, according to Securities and Exchange Commission filings. Instead of paying around half a billion dollars in taxes based on the corporate tax rate of 21% the company is receiving a $12 million refund, according to the Institute for Tax and Economic Policy, a non-partisan think tank that issued the report.