Finance Minister to Write Off Uncollectable Tax Arrears

first_imgA Bill to empower Minister of Finance and Planning, Dr. the Hon. Peter Phillips, to write off arrears of taxes as well as penalties determined to be uncollectable, was approved by the Senate on March 21. “Historically, the TAJ’s success is measured by their ability to deliver these targets, as all unpaid arrears are kept in the active inventory of the TAJ and reported to the Ministry of Finance. This large amount of taxes due, probably contribute to an unrealistic collection expectation and the perception of failure,” Mr. Golding said. The Bill was approved by the House of Representatives on March 12. Piloting the Bill, Minister of Justice, Senator the Hon. Mark Golding, said Tax Administration Jamaica (TAJ) sets targets that are established by the Ministry, within the context of budgetary measures. The Minister added that it has not been scientifically established whether the results of these efforts justify the related expenditure.   As of December 2011, there were 70,245 accounts totalling over $230 billion in old debts. Of this $230 billion, approximately $195 billion is over three years old, and only approximately $4 billion is less than six months old, with the remaining amounts between six months and three years. The Bill, titled the Tax Collection Amendment Act, also provides for regulations empowering the Minister to provide a tax debt arrears management system, for the ranking of the debt for the purpose of collectability and the criteria for determining a debt to be uncollectable. He noted that the department’s usual response in any inability to meet what may be an unrealistic target, is to devise special projects or create special teams to rapidly increase collection. CONTACT:  LATONYA LINTON “Whatever the measure of success, these mechanisms do not adequately deal with the root causes of the enormous arrears on which the original target was partially premised. Consequently, the arrears are not cleared and they reappear in the next budget cycle as amounts owed to the revenue,” Mr. Golding said.   In his comments, Opposition Senator, Thomas Tavares Finson, while supporting the legislation, noted that the Bill is important as it is a matter related to the continued negotiations with the International Monetary Fund (IMF).  last_img read more

Gemma Atkinson And Lucy Pinder Lend Their Support To Fading Giants

first_imgThe plight of Africa’s elephants has attracted the support of actresses Gemma Atkinson and Lucy Pinder to a new campaign being run by UK charity the David Shepherd Wildlife Foundation.Gemma Atkinson lends her support for Fading GiantsEstablished by wildlife artist and conservationist David Shepherd CBE, art is a cornerstone of the charity’s fundraising to protect endangered wildlife and the ‘Fading Giant’ campaign is no exception.Beautiful artwork from Italian artist Stefano Zagaglia adorns a capsule clothing collection of t-shirts, hoodies and sweatshirts that give all profit from sales to support the rescue and rehabilitation of orphaned elephants and park protection programmes in Uganda and Zambia.Lucy Pinder lends her support for Fading GiantsRecognising the plight of Africa’s elephants with an estimated 35,000 killed each year for their ivory, Gemma and Lucy, who also support the charity’s TigerTime campaign, were delighted to help.The campaign runs until December 3 with all items dispatched in time for Christmas. To buy your ‘Fading Giant’ clothing, click here.For more information about the elephant projects the campaign supports, click here.last_img read more

Dow Jones Industrial Average latest

first_img Posted: April 2, 2018 April 2, 2018 KUSI Newsroom, Categories: Local San Diego News FacebookTwitter Updated: 6:38 PMcenter_img KUSI Newsroom 00:00 00:00 spaceplay / pause qunload | stop ffullscreenshift + ←→slower / faster ↑↓volume mmute ←→seek  . seek to previous 12… 6 seek to 10%, 20% … 60% XColor SettingsAaAaAaAaTextBackgroundOpacity SettingsTextOpaqueSemi-TransparentBackgroundSemi-TransparentOpaqueTransparentFont SettingsSize||TypeSerif MonospaceSerifSans Serif MonospaceSans SerifCasualCursiveSmallCapsResetSave SettingsRising Trade tensions are rocking Wall Street.The Dow closed Monday down 459 points, or 1.9 percent.The NASDAQ sunk 2.7 percent and the S&P 500 declined 2.2 percent.The tech industry also saw some trouble with Amazon losing five percent after an attack from President Trump.And Tesla, Netflix and Cisco also all dropped by at least four percent.KUSI was joined by Brent Wilsey of Wilsey Asset Management with more. Dow Jones Industrial Average latestlast_img read more

Magazines Respond to Instagram Terms of Service Fiasco

first_img“The language we proposed also raised questions about whether your photos can be part of an advertisement. We do not have plans for anything like this and because of that we’re going to remove the language that raised the question,” the company’s co-founder, Kevin Systrom, said in the post. “It was interpreted by many that we were going to sell your photos to others without any compensation. This is not true and it is our mistake that this language is confusing. To be clear: it is not our intention to sell your photos. We are working on updated language in the terms to make sure this is clear.”NatGeo’s Instagram Account Goes DarkWhile Instagram responded quickly, so did some magazine publishers. As of this morning, National Geographic suspended its account by posting the image to the right, which was also sent out to the brand’s photographers.”Last night, we shared on our Instagram feed that we have concerns about the new terms of service,” said National Geographic in a statement provided to FOLIO:. “While we appreciate the sentiments in the Instagram blog post from Kevin Systrom, we still need a better understanding of the specific amendments to the proposed new terms of service before determining how best to proceed with our account.”A Conversation About IP Web RightsOther brands, like Condé Nast’s women’s title Self, alerted readers to the changes, who had strong reactions.“Instagram is part of Self‘s social DNA and it continues to play a major role not only as a means of visual storytelling but as vehicle for conversation with our readers,” Stephanie Miller, Self’s social media editor, tells FOLIO:. “Given the new terms, 90 of 100 Self Twitter followers told us that they will delete their accounts. When we tweeted ‘5 Things to Know About Instagram Changes,’ over 120 people retweeted the news within five minutes. It was an above average response that demonstrates how passionate and engaged Self readers are within the space. It’s unfortunate that we’ll potentially lose a robust user base on a quick and easy photo sharing platform—an app that has allowed us to evolve as a brand and spark popular trends such as encouraging readers to show us their #ArmParty and #NailArt.”While Miller did concede that it is necessary to monetize a social platform, and acknowledged Systrom’s response, she stopped short of saying Systrom’s statement would lead to a fix for Instagram and its users.“But I’ve seen it happen before,” she said. “Companies simply right-click on photos and sell them as generic images overseas. [This AdWeek article is] another example. I get it. It’s monetization. I know how the Internet works, and developments like this are necessary for social start-ups to make money.”Miller adds that while this does leave brands in a tough spot or sticky situation, this is nothing new—the social media editor pointed to another free social platform that gathers data and insight in order to turn a profit: Facebook. Facebook’s terms of service state the following: “For content that is covered by intellectual property rights, like photos and videos (IP content), you specifically give us the following permission, subject to your privacy and application settings: you grant us a non-exclusive, transferable, sub-licensable, royalty-free, worldwide license to use any IP content that you post on or in connection with Facebook (IP License). This IP License ends when you delete your IP content or your account unless your content has been shared with others, and they have not deleted it.”“The whole Instagram uproar is more of a conversation about IP Web rights than it is about a popular photo sharing app,” adds Miller. “Privacy in the world of social media is an oxymoron. From the Self brand perspective, we’ll adhere to a ‘watch and see’ approach until we have further counsel from our legal team, but we won’t be deleting our account immediately. The sky is not falling. There have been many arguments, for and against the changes, but we still consider Instagram a valuable part of our social strategy.”Stay updated on the latest FOLIO: news, follow us on Facebook & Twitter! Yesterday was not a good day for Instagram. Users and brands slammed the social network for changing its privacy policy and terms of service to include the following language:“You agree that a business or other entity may pay us to display your username, likeness, photos (along with any associated metadata), and/or actions you take, in connection with paid or sponsored content or promotions, without any compensation to you.”Several hours after announcing these changes, the Facebook-owned company back peddled, saying in a blog post that it would not go through with that or other actions.last_img read more

Demi Lovato Brings Mental Health Front And Center During Tour

first_img Twitter The GRAMMY nominee is raising awareness for mental health while on tour through her CAST on Tour program, which kicked off Feb. 26 in San DiegoRenée FabianGRAMMYs Feb 27, 2018 – 2:24 pm As she embarks on her Tell Me You Love Me tour in support of her 2017 album of the same name, Demi Lovato isn’t just sharing her inspirational music with fans around the world, she’s making a difference by raising awareness for mental health.For the second consecutive tour, the GRAMMY nominee is again bringing along CAST on Tour, an initiative of the mental health advocacy organization CAST Foundation. She previously teamed with the recovery center during last year’s co-headlining Future Now tour with Nick Jonas.The pre-show sessions will allow Lovato and Mike Bayer, founder/CEO of CAST Centers and chairman of the CAST Foundation, to discuss mental health awareness while giving space to attendees to share their own personal experiences with mental illness.The initiative kicked off Feb. 26 in San Diego, where Lovato invited student survivors of the recent school shooting in Parkland, Fla., to attend the session. Lovato also brought the students — Julius Castillo, Mackenzie Marie Chapman, Samantha Megan Deitsch, Maia Hebron, Eden Hebron, and Sarah Stricker — onstage during her performance later in the evening, in addition to inviting the audience to donate toward mental health resources for the students impacted by the school shooting through a CAST Foundation text donation.Tonight is the night! We also have #CASTontour back!! Make sure you guys are following @castcenters and @castontour on Instagram for a chance to join us and see who is speaking — Demi Lovato (@ddlovato) February 26, 2018CAST on Tour will follow Lovato for 20 tour dates, including stops Las Vegas, Phoenix, Dallas, Minneapolis, Detroit, and Philadelphia, among others, concluding on March 31 in Tampa, Fla. Lovato’s world tour, with special guests DJ Khaled and Kehlani, will continue around the globe through June 27.”Bringing CAST on Tour was very important to me because I want to be able to reach and inspire my fans. Tonight was our first night of the tour and it was incredibly special,” Lovato said in a statement. “I was able to bring out and meet a few of the students that had to experience the shooting in Florida on the 14th. It was such an honor to meet them and hear their courageous stories. I want to make sure their voices are being heard and we can provide them with the mental health and post-trauma care they need.”Catching Up On Music News Powered By The Recording Academy Just Got Easier. Have A Google Home Device? “Talk To GRAMMYs”Read more Email Facebook Demi Lovato Advocates For Mental Health On Tour demi-lovato-brings-mental-health-front-and-center-during-tour Demi Lovato Brings Mental Health Front And Center During Tour News last_img read more

Simbu to join hands with Singam director Hari

first_imgSimbu in Vantha Rajavathaan Varuven.PR HandoutSimbu has returned to Chennai from London last week to attend his younger brother Kuralarasan’s wedding. The actor looks fit and fine in his new get-up for his upcoming movie Maanadu, directed by Venkat Prabhu.The actor, after witnessing a downhill in his career for a few years, bounced back with Mani Ratnam’s Chekka Chivantha Vaanam. Although his next film Vantha Rajavathaan Varuven failed to set the box office on fire, he has been getting a lot of good offers.The latest film to come his way is from director Hari, the creator of Singam series. As per the buzz, leading producer AM Rathnam has come forward to fund the project and the initial talks have started. According to sources, nothing is firmed up at this stage and both the parties will be in a stage to talk about the project.It may be recalled that Simbu had worked with Hari in Kovil.Currently, Simbu is preparing for Venkat Prabhu’s film and lost 13 kgs in a span of 37 days. He has reportedly given nod to play the role of MR Radha in his biopic. He will be teaming up with Arvind Swami in the flick, directed by Ike.last_img read more

AirAsia India in trouble rivals seek probe for alleged violation of FDI

first_imgAirAsia India’s aviation permit to conduct operations may be cancelled as the Federation of Indian Airlines (FIA) on Thursday filed a case in the Supreme Court stating that Tata-AirAsia committed a fraud.In its case, FIA said that the Tata-AirAsia agreement violated the Directorate General of Civil Aviation (DGCA) rules and Foreign Direct Investment (FDI) policy. Although the case is pending in the Delhi high court since April 2014, the FIA is seeking the Supreme Court’s directive on the matter, Zee News reported.In its plea, the federation of airlines, which constitutes airlines such as Jet Airways, IndiGo, GoAir and SpiceJet has said that AirAsia (when applying for license) did not disclose its brand equity agreement on the basis of which the control of the airline would remain with the foreign party (AirAsia India is a tie-up with AirAsia and Tata Group).According to the rules stipulated, a flying license is only issued when effective control rests with the Indian player and not its foreign counterpart, the FIA said. In 2014, Malaysian Airline AirAsia had set up the joint venture with the Tata Group to launch the airline in India.The news follows ousted Tata Sons chairman Cyrus Mistry’s claims that due to Ratan Tata’s passion for aviation, the Tata Sons board raised its capital infusion into the joint venture airline on numerous occasions. According to a report in IANS, Cyrus Mistry alleged that a fraudulent transaction to the tune of Rs 22 crore had emerged after a forensic investigation into the AirAsia deal.”Board members and trustees are also aware that in the case of AirAsia, ethical concerns have been raised with respect to certain transactions as well as the overall prevailing culture with the organisation,” Mistry said in an email statement, which he sent out to the company’s board members on Thursday.AirAsia India recorded a market share of 2.3 percent in September and a passenger load factor of 82.8 percent.last_img read more

Juba League leader electrocuted in Bagerhat

first_imgbagerhatA local leader of Juba League was electrocuted on Thursday in his house at Bahirdia village in Fakirhat upazila in the district.The deceased was Md Farid Mallik, 45, son of Mazid Mollik of Bahirdia village and an ward-level leader of Juba League.Officer-in-charge of Fakirhat police station Abu Zahid Sheikh said Farid got electrocuted in the afternoon when he was trying to repair an electric motor of his house.He was rushed to Upazila Health Complex where physicians declared him dead, he said.last_img

City reels under hottest days of season no respite in sight

first_imgKolkata: The Regional Meteorological Centre in Alipore has issued heat wave alert in the Western districts for the next couple of days.A senior official of the Met office said that the temperature in Western districts like Purulia, Bankura, West Midnapore, Jhargram, East Midnapore, Birbhum and West Burdwan may pulse between 41 and 44 degree Celsius in the next few days. The temperature feel would be sultrier than the actual temperature. Various other South Bengal districts will continue to burn as the mercury is expected to soar past 40 degree Celsius. The districts like Nadia, Murshidabad, North 24-Parganas will also record alarming temperatures. Also Read – Rs 13,000 crore investment to provide 2 lakh jobs: MamataThe people might feel soaked in and uncomfortable due to high levels of humidity, which will be present along with the scorching heat. The temperature in Kolkata, Howrah, Hooghly, North 24-Parganas and South 24-Parganas may rise by 2-3 degree Celsius in the next 48 hours. The humidity level is expected to shoot up further in the next two days. “There will be an intense spell of heat and humid condition in all the Western districts at least for two days. The situation is expected to improve from May 12 as a low pressure trough is likely to form. There is a possibility for thunderstorm in some South Bengal districts if the low pressure intensifies,” said Deputy Director General of Alipore weather office Sanjib Bandyopadhyay. Also Read – Lightning kills 8, injures 16 in stateIn case of North Bengal districts, there is a possibility of thundershower in the next three days. The temperature at night will be higher than the normal days. Due to the scorching heat, many roadside shop owners at Esplanade, Dalhousie and other areas decided to down shutters in the afternoon hours of Thursday. In various stretches of the city, the density of traffic was lesser than usual. Many people preferred to stay indoors in the afternoon to avoid the scorching sun. Priyanka Maity, a college student who visited the College Street area on Thursday afternoon, said: “We are trying to stay indoors in the scorching heat. We are stepping out only when it is absolutely necessary.” Many people were seen walking along the streets in Esplanade area with their faces covered with clothes and scarves. Some youths were found standing in queues at Esplanade East to have Lassi and fruit juice to get some relief from the heat. The city’s largest water park Aquatica recorded a huge footfall on Thursday morning, with many people indulging in various water activities.last_img read more

Want to Cheat the System Call Yourself a Tech Company

first_img 3 min read Free Workshop | August 28: Get Better Engagement and Build Trust With Customers Now August 22, 2016 This hands-on workshop will give you the tools to authentically connect with an increasingly skeptical online audience.center_img A variety of factors contributed to Theranos’s prolonged public deception, though they’re often summed up by “tech hype.” The company’s founder, Elizabeth Holmes, was a Stanford dropout who dreamed of “making a difference in the world.” Her company was valued at nearly $10 billion. She was hailed as the “next Steve Jobs.”Blogger and media entrepreneur Anil Dash explains that Theranos successfully drummed up buzz about its faulty products “because the company, its founder and its investors all shielded themselves under the cultural cover of being a glamorous member of the ‘tech industry’ rather than a prosaic medical supplier.”Related: The 10 Best U.S. Cities for Tech JobsIt’s absurd to refer to companies that specialize in vastly disparate goods and services all under the umbrella of “tech,” Dash argues in a Medium post titled, “There is no ‘technology industry.’” If Theranos had been treated as a blood-testing company rather than a tech company, his argument follows, it would have been under far more scrutiny from day one.It’s not simply an imprecise description, Dash notes. He emphasizes that this overarching label obscures the reality that there is no such thing as the tech industry, in terms of a common set of regulations for the companies that supposedly exist within it.“Mature industries develop their own regulatory frameworks, their own systems for self-regulation, and their own standards for monitoring transgressions within the industry,” Dash writes. “Today, tech as an industry is almost completely lacking in all of these areas.”In other words, a “tech company” in pursuit of “disruption” is not exempt from the law. See: Uber and its disregard for background checks based on its self-designation as a technology company rather than a taxi service.Obviously Dash is not the first to make the argument that the tech industry is a misnomer for a nonexistent collective. In a May 2012 Slate piece, “It’s Official: There’s No Such Thing as a Tech Company,” journalist Matt Yglesias wrote of Apple and Amazon, “they’re in different lines of business, so there’s no ex ante reason to expect them to [be] valued in a similar way.”In March 2013, reporter David Yanofsky wrote in Quartz, “To stay competitive in today’s marketplaces, every company, by the current standard, could be called a tech company, which of course, is another way of saying that none of them should be.”Related: 10 Tech Companies to Watch – Entrepreneur’s Brilliant 100Yet in the third quarter of 2016, the phrase “tech industry” persists, as companies continue to incorporate technology, in the broadest most literal sense of the word, into their business operations and consumer products. Now that technology is omnipresent, it’s time to start conceiving of tech companies based on their sub-industries — transportation, information, food and beverage — and impose restrictions on them based on the specific services they provide.Every company occupies the “business” space, but society does not treat all of these companies as though they exist on the same plane. The same should be true of “tech.” Embrace the reality that your company is more than a “tech company” and establish what differentiates you from all of the tech startup bandwagoners out there. Enroll Now for Freelast_img read more