Reason for refuting this argument GRA?

first_imgDear Editor,In reference to a letter from the Guyana Revenue Authority (GRA), published in the local press on October 14, 2017 under the caption “The Corporation Tax Rate for non-commercial companies was reduced in 2017”, I wish to quote from my letter on October 11, 2017, which stated:“With respect to corporation taxes (CTAX), according to the Ram & McRae website, there are three rates of CTAX in Guyana: a 30% rate that applies to non-commercial companies, a 40% rate that applies to commercial companies except telephone companies, and finally a 45% rate for the telephone companies.”The last time I checked, as a subject of study, comprehension was still being taught in the schools of Guyana, and I am hoping that the GRA thinkers did benefit from that subject. I sourced my information from the tax experts in Guyana, and they said 30% and I accepted it; and yes, I am responsible.To their credit, Ram & McRae did contact me to advise that their website was not updated, and acknowledged the inaccuracy. They subsequently updated their website, and thus the inaccuracy is acknowledged. So a good thing was done because of my letter — the Ram & McRae website is fully updated as we speak. If one reads the Ram & McRae website today, it offers enough information for me to make the following statement, which I have cross-referenced with the GRA website: “there are three rates of CTAX in Guyana: a 27.5% rate that applies to non-commercial activities, a 40% rate that applies to commercial activities except telephone companies, and finally a 45% rate for the telephone companies.”But it is unfortunate that the GRA took the liberty to point out that there were “several inaccuracies” in my letter, but then only mentioned one, as discussed above. The last time I checked the Oxford dictionary, “several” meant: “more than two”. At a minimum, I expect from the GRA some level of honesty and integrity.I want to make it very clear if the 27.5% rate is used for non-commercial activities, it does not negate the call for a reduction in the Corporation Tax. The progressive countries in the neighbourhood have an effective CTAX rate band that starts at 25% and thus Guyana’s band, which starts at 27.5%, is still uncompetitive regionally.It is my understanding that when you refute a position, you offer an alternative position, but GRA offers none. Well, in democracies that I have lived (Guyana after 1992, UK and the USA), when you refute a position, you explain yourself and bring closure to your statement; not operate like you are in Zimbabwe or North Korea and refute a statement and then automatically expect all to bow and accept your position.I am saying that 27.5% is greater than 25%, and thus the conditions still remain for tax avoidance, transfer pricing, and to discourage investment. What is your reason for refuting this argument GRA?Regards,Sase Singhlast_img read more

‘If Messi knocks on my door tonight I will not send him back!’ Wenger on deadline day

first_img1 Lionel Messi Arsene Wenger says Arsenal will not be making any last-gasp signings – unless Lionel Messi comes knocking!The Gunners have already added midfielder Mohamed Elneny to their ranks this month and Wenger is happy with the strength of his squad.Speaking ahead of Monday’s transfer deadline, the Frenchman said: “Deadline day will be quiet for us because we are one of the few (clubs) to have done our business.“I am 99 per cent certain we will not make a big signing, but if Lionel Messi knocks on my door tonight I will not send him back to Barcelona.”While there are unlikely to be any incomings at the Emirates Stadium, there could be some outgoings.Mathieu Debuchy is wanted by Aston Villa on loan, while Serge Gnabry is a target for Charlton and another Championship side.“Debuchy leaving is still a possibility, but it would have to be a loan deal now,” said Wenger. “It is possible he could stay in the Premier League.“Gnabry has two Championship clubs interested, but we still need to finalise that decision. It is important for him to be playing football now, as Francis Coquelin did the he went to Charlton, and we would want a recall option too if we can.”last_img read more

Bayern Munich appoint Jupp Heynckes until end of season

first_imgDuring his last stint in Bavaria, from 2011 to 2013, he led the club to a historic treble.Celtic travel to face Bayern on October 18, before the Bundesliga champions visit Glasgow a fortnight later.Both sides currently sit on three points in Group B. Heynckes said: “I would not have returned to any other club in the world but Bayern Munch is a love affair for me.” Bayern Munich have reappointed Jupp Heynckes as manager until the end of the season.The 72-year-old returns for a fourth spell in charge of the German giants. He replaces Carlo Ancelotti, who was sacked after losing 3-0 to Paris Saint-Germain in the last round of Champions League fixtures.Heynckes managed the club from 1987 to 1991, then as caretaker boss in 2009.last_img

IBM and Intel: Partners in the Journey from Information to Insights

first_imgManaging Internet of Things Data on the Edge and in the Cloud with Intel and IBM Informix* Solutions  – Session 6140A  (10-11am, Oct. 28, Banyan F). IBM’s Kevin Brown and Preston Walters, who leads Intel’s technical enablement and co-marketing of IBM software products on Intel technology, describe the challenges of Internet of Things and Internet of Everything requirements, and how data architecture and technologies from Intel and IBM are responding to these challenges in both edge devices and cloud infrastructure. TPC-DI: An Industry Standard Benchmark for Data Integration – 5193A (10-11am, Oct 28, Jasmine G). Along with IBM software engineers Ron Liu and Sam Wong, Jantz Tran returns to introduce TPC-DI, a new industry standard for measuring and comparing the performance of data integration (DI) or ETL systems. They will discuss early observations from running TPC-DI with IBM Infosphere Datastage* on the latest generation Intel Xeon systems, and provide best practice optimization recommendations for Datastage deployments. Ideas for Implementing Big Data on Intel Architecture – Session 7188A (2-2:20pm, Oct. 27, Solution Expo Theater). In this session, Jim Fister, lead strategist and director of business development for Intel’s Data Center Group, will discuss the opportunity for data analytics, the case for driving analytics ahead of schedule, and options for implementing your solutions using Intel Architecture and IBM software. IBM Big SQL: Accelerating SQL and Big Data Performance on Intel Architecture – Session 5191A (10:15-11:15am, Oct 27, Jasmine G). Jantz Tran, an Intel Software Performance Engineer, and IBM’s Simon Harris, provide an overview of IBM Big SQL* and describe the breakthrough performance it delivers when run on Intel Xeon servers and platform products. Intel and IBM Software: A Long History – Session 7189A (2-2:20pm, Oct. 28, Solution Expo Theater). In this session, Jim Fister will cover the history of Intel and IBM’s relationship, along with a discussion of performance enhancements for IBM OLTP and data analytics software using the latest Intel platforms. Using IBM Bluemix* and IBM SoftLayer* to Run IBM InfoSphere Information Server* on an Intel® Technology-Powered Cloud – Session 5198A (10-11am, Oct. 30. Jasmine E). In this session, Jantz Tran, with IBM’s Beate Porst and Sam Wong, explain how IBM InfoSphere Information Server* works in the cloud and provides data for scaling performance. They also discuss bare metal and virtualization options available with IBM SoftLayer.At IBM Insights, Intel will be sharing a booth with our friends at Lenovo. Stop by to say hello and check out the latest Lenovo tablets, which rate highly in performance and security in the recent report Do More, Faster with IBM Cognos* Business Intelligence. Download the report to learn how tablets and servers based on Intel processors provide unparalleled improvements to speed and capabilities for IBM Cognos BI workloads.Follow me at @TimIntel and watch for my Vine videos and man-on-the-street commentary and impressions from IBM Insights. Follow @IntelITCenter to join the dialogue with Intel IT experts, and follow @IntelSoftware to engage with Intel’s software community.  See you in Las Vegas! IBM’s long-time Information on Demand conference has changed its name, and its focus. Big Blue’s major fall conference is now called IBM Insight, and it will take over Mandalay Bay in Las Vegas from Oct. 26 to 30. The name change reflects a key shift in the tech industry: Beyond managing vast amounts of information—increasingly, technology’s role is to extract value and insights from a vast range of information sources. It’s our job to create actionable information to help businesses succeed and gain a competitive advantage in a highly competitive marketplace. Intel and IBM have worked together for over 20 years to help their customers achieve precisely that. Joint engineering built into IBM and Intel solutions, such as IBM DB2 with BLU Acceleration* optimized for Intel® Xeon® processors, deliver dramatic performance gains that can transform big data into vital business insights more quickly, all while lowering costs and power consumption.The other word that describes IBM Insights is “big.” Not only is the focus big data, but the event itself is huge.  With over 13,000 attendees, and over 700 sessions and keynotes, IBM Insight is the largest big data conference in the world. I’m looking forward to catching up with the latest perspectives and emerging technologies in the fast-evolving world of data analytics. Be sure not to miss the following sessions, where you’ll discover the newest advances in data management and analytics from Intel and IBM (all events are in the Mandalay Bay South Convention Center). Optimizing Mixed Workloads and High Availability with IBM DB2 10.5 on an Intel® Architecture – Session 5141A (3-4pm. Oct. 28, Banyan F). In this session, Kshitij Doshi, a principal engineer in Intel’s Software and Services Group, and Jessica Rockwood, an IBM senior manager for DB2 performance, provide an overview of the latest Intel® Xeon® E5-2600 V3 series processor architecture and its benefits for transaction processing workloads with IBM DB2 10.5 with BLU Acceleration. Goodbye Smart; Hello Smarter: Enabling the Internet of Things for Connected Environments – Session 6402A (11:15am-12:15pm, Oct. 29, Banyan F). Intel’s Preston Walters, with Oliver Goh, CEO of Shaspa GmpH, discuss how Intel, Shaspa and IBM provide intelligent solutions for connected environments that enable local analytics and decision-making to improve business and consumer services. Attend this session to see a demo of the Internet of Things in action.last_img read more

U.S. to finalize new human subject protections

first_imgAfter 4 years of mulling, the U.S. Department of Health and Human Services (HHS) is preparing to tighten rules designed to protect people who participate in research funded by the federal government and many private entities. HHS, along with 15 other agencies, released a Federal Register notice today describing the intended changes, which include tighter consent requirements for the reuse of stored blood or tissue in new research.The requirements, collectively known as the Common Rule, have been in place since 1991. But the expanding scale of research involving human subjects—enabled in part by more sophisticated ways to analyze biospecimens and by the large-scale collection of digital health records—has inspired an overhaul. In 2011, HHS announced plans to tighten the rules, and began collecting public feedback.The notice released today follows through on several ideas floated in that announcement. One major change would require researchers to get a participant’s consent to analyze donated biospecimens in future studies that are unrelated to the original research. For now, researchers can make use of stored samples leftover from previous studies or clinical tests without explicit consent by stripping them of any personal identifying information. That sidesteps the typical consent by “taking the human out of human subjects research,” says Kathy Hudson, deputy director for science, outreach, and policy at the National Institutes of Health (NIH) in Bethesda, Maryland. But “that is not really consistent with the views we have about the partnership we have with research participants,” she adds. The new rule would “show respect” for these subjects, she says, by asking them to give broad consent to any unspecified future research use of their blood or tissue.Sign up for our daily newsletterGet more great content like this delivered right to you!Country *AfghanistanAland IslandsAlbaniaAlgeriaAndorraAngolaAnguillaAntarcticaAntigua and BarbudaArgentinaArmeniaArubaAustraliaAustriaAzerbaijanBahamasBahrainBangladeshBarbadosBelarusBelgiumBelizeBeninBermudaBhutanBolivia, Plurinational State ofBonaire, Sint Eustatius and SabaBosnia and HerzegovinaBotswanaBouvet IslandBrazilBritish Indian Ocean TerritoryBrunei DarussalamBulgariaBurkina FasoBurundiCambodiaCameroonCanadaCape VerdeCayman IslandsCentral African RepublicChadChileChinaChristmas IslandCocos (Keeling) IslandsColombiaComorosCongoCongo, The Democratic Republic of theCook IslandsCosta RicaCote D’IvoireCroatiaCubaCuraçaoCyprusCzech RepublicDenmarkDjiboutiDominicaDominican RepublicEcuadorEgyptEl SalvadorEquatorial GuineaEritreaEstoniaEthiopiaFalkland Islands (Malvinas)Faroe IslandsFijiFinlandFranceFrench GuianaFrench PolynesiaFrench Southern TerritoriesGabonGambiaGeorgiaGermanyGhanaGibraltarGreeceGreenlandGrenadaGuadeloupeGuatemalaGuernseyGuineaGuinea-BissauGuyanaHaitiHeard Island and Mcdonald IslandsHoly See (Vatican City State)HondurasHong KongHungaryIcelandIndiaIndonesiaIran, Islamic Republic ofIraqIrelandIsle of ManIsraelItalyJamaicaJapanJerseyJordanKazakhstanKenyaKiribatiKorea, Democratic People’s Republic ofKorea, Republic ofKuwaitKyrgyzstanLao People’s Democratic RepublicLatviaLebanonLesothoLiberiaLibyan Arab JamahiriyaLiechtensteinLithuaniaLuxembourgMacaoMacedonia, The Former Yugoslav Republic ofMadagascarMalawiMalaysiaMaldivesMaliMaltaMartiniqueMauritaniaMauritiusMayotteMexicoMoldova, Republic ofMonacoMongoliaMontenegroMontserratMoroccoMozambiqueMyanmarNamibiaNauruNepalNetherlandsNew CaledoniaNew ZealandNicaraguaNigerNigeriaNiueNorfolk IslandNorwayOmanPakistanPalestinianPanamaPapua New GuineaParaguayPeruPhilippinesPitcairnPolandPortugalQatarReunionRomaniaRussian FederationRWANDASaint Barthélemy Saint Helena, Ascension and Tristan da CunhaSaint Kitts and NevisSaint LuciaSaint Martin (French part)Saint Pierre and MiquelonSaint Vincent and the GrenadinesSamoaSan MarinoSao Tome and PrincipeSaudi ArabiaSenegalSerbiaSeychellesSierra LeoneSingaporeSint Maarten (Dutch part)SlovakiaSloveniaSolomon IslandsSomaliaSouth AfricaSouth Georgia and the South Sandwich IslandsSouth SudanSpainSri LankaSudanSurinameSvalbard and Jan MayenSwazilandSwedenSwitzerlandSyrian Arab RepublicTaiwanTajikistanTanzania, United Republic ofThailandTimor-LesteTogoTokelauTongaTrinidad and TobagoTunisiaTurkeyTurkmenistanTurks and Caicos IslandsTuvaluUgandaUkraineUnited Arab EmiratesUnited KingdomUnited StatesUruguayUzbekistanVanuatuVenezuela, Bolivarian Republic ofVietnamVirgin Islands, BritishWallis and FutunaWestern SaharaYemenZambiaZimbabweI also wish to receive emails from AAAS/Science and Science advertisers, including information on products, services and special offers which may include but are not limited to news, careers information & upcoming events.Required fields are included by an asterisk(*)Another section aims to simplify the informed consent forms given to potential subjects in a study. The notice calls for making these long and complicated forms clearer by requiring a few essential components in the body of the form, and by relegating other details to an appendix.Not all of the revisions raise the ethical bar. Another set of changes would exempt eight categories of study from Common Rule requirements. The exempted research includes studies conducted as part of a public health surveillance effort and social science studies that involve collecting oral histories and biographies. Another simplifying measure would require that a research project spanning multiple institutions be consolidated under a single institutional review board.The move comes as NIH itself is gearing up for an ambitious bit of human subjects research—a longitudinal study of at least 1 million volunteers as part of the White House’s precision medicine initiative. Hudson says she expects the new rules will make it easier to make use of samples and data from that broad cohort as the study evolves.After the notice is officially published in the Federal Register next week, there will be a 90-day comment period before the release of a final rule.last_img read more

Congress demands Gadkari’s resignation in Rajya Sabha

first_imgNitin GadkariThe Rajya Sabha witnessed a ruckus on Friday as opposition parties led by Congress demanded resignation of Transport Minister Nitin Gadkari for alleged irregularities in a company owned by him.A report of the Comptroller and Auditor General (CAG) has named Gadkari as one of the “promoters and/or directors” of Purti Sakhar Karkhana Ltd. that was sanctioned a loan of Rs 84.12 crore by the Indian Renewable Energy Development Agency (IREDA) in violation of guidelines.The issue was raised during zero hour by Congress MP Shantaram Naik, who said the minister must resign.”Opposition parties demanded resignation of our ministers time to time… now Nitin Gadkari has to resign,” said Naik.Congress MP Anand Sharma said the government was accountable on the issue.”This is a serious matter…the present ruling party when they were in opposition would stall the house until the action was taken… I am saying on behalf of opposition this issue cannot be confined to zero hour, there should be accountability,” said Sharma.Congress members then started raising slogans demanding the minister’s resignation.Minister of State for Parliamentary Affairs Mukhtar Abbas Naqvi said the allegations were “baseless”.”Congress party has become a confused party… these allegations are baseless,” he said.In the din, Deputy Chairman P.J. Kurien adjourned the house for 10 minutes.When the house reassembled, Leader of Opposition Ghulam Nabi Azad again raised the issue.”This is not a question of allegation against a member; it is a CAG report… On CAG reports on earlier occasions number of heads have rolled. The BJP government inside and outside house is talking about transparency and corruption. Also in the same breath it is talking about stains (of corruption) during UPA government. Here there is a proven case against a minister who had to resign because of the same reason as president of BJP… the party may maintain he did not resign… He has been indicted he cannot continue as minister even for a day,” said Azad.advertisementThe ruckus continued despite several pleas from the chair and the house saw another brief adjournment before question hour.The scene was no different in the question hour and Chairman M. Hamid Ansari adjourned the house for 10 minutes, then for 15 minutes, and finally till 2.30 p.m.last_img read more

Mahendra Singh Dhoni ready for extra batting pressure

first_imgMahendra Singh Dhoni said he was prepared to take the extra pressure and responsibility of batting at the crucial No.6 position on the eve of India’s departure for Australia, where they play five one-day internationls and three T20 Internationals from January 12 to 31.The selection committee made bold changes in both the limited-overs squads. While Yuvraj Singh, Harbhajan Singh and Ashish Nehra were brought back to the T20 team, the focus was more on youth as far as the ODI side was concerned.A misfiring Suresh Raina was dropped for the five ODIs to accommodate the likes of Manish Pandey and Gurkeerat Singh Mann. But will these two young men be blooded in at No.6 against the best side in the world in their own den? Perhaps not.”No.6/7 is difficult always. We have tried so many different batsmen from Rohit Sharma to Virat Kohli. Maybe, I have to take the extra pressure of batting at No. 6. I felt Suresh was good there with that pressure,” Dhoni said hours before India were scheduled to depart for Australia.Dhoni last played international cricket in October (in the ODIs against South Africa). He has since got ample rest and good match practice, having turned out for Jharkhand in the Vijay Hazare Trophy. He looks slimmer, fitter and certainly fresher. The wicketkeeper batsman said playing one format rest has helped.”I was not a gym person. You have to change as you play more. I have some extra time now with no Test cricket. I may look slimmer but I haven’t lost weight,” Dhoni said.advertisementDhoni also brushed aside questions on his retirement plans and hinted that he had no intention of hanging up his boots anytime soon.”I am a person who lives in the present and the focus right now is the Australian tour leading up to the World T20 Championships. I will think about it at the right time,” he said.The murmurs to replace Test skipper Virat Kohli with Dhoni have grown louder over the last few months after India’s poor performances against Bangladesh and South Africa in successive ODI series.last_img read more

SPORT-LODHA-BCCI 2 LAST

first_imgThe issues pertaining to elections in state associations The issues pertaining to elections in state associations and the answer makes it clear that if associations dont have pending cases against them, they can go ahead with elections conforming to the new set of reforms. This question concerns Rajasthan CA and Hyderabad CA which are set to have their elections. Another question was whether elections can be conducted for the Member Associations before the due amendments are made to their Constitutions/Bye-laws bringing them in line with the judgement. The Answer: While there is no bar to the holding of elections (subject to orders of any court) if any election is held which is inconsistent with the committees report and the judgement of the Supreme Court, then the same will be treated as void and with no legal sanctity. This would also necessarily imply that such an election is supervised by an election officer as prescribed under the recommendations. “It would be prudent in the circumstances for such elections to be conducted under the guidance of the administrators to be appointed by the Honble Supreme Court.” Chattisgarh State Cricket Sangh president Baldeo Bhatia will also have to go for a compulsory cooling off as the period of his states associated membership will also be counted. However none from the Bihar state body will have to go for cooling off as they have not got any sanction from BCCI. “There is no connection between the type of membership of the association and the eligibility of the office-bearer. Regardless of whether the association was/is a full member or associate/affiliate member, the entire tenure of the office-bearer will be calculated towards the 9 year period. “However this will not apply to an association which has never been a member of the BCCI. In such an event, the tenure of the office-bearer will be calculated only from the date of the affiliation unless he had already been the office bearer of another affiliated association.” It was also clarified that any member of governing body, managing committee or working committee of a state/member association, who has never been an office-bearer will not be disqualified after 9 years if the said positions are not mentioned as office-bearers. “Such an individual is eligible to contest an office bearer post, unless the constitution or Bye-laws of the association defines office-bearers to include the governing body/ managing committee/ working committee members.” The most commonly asked question was about how the 9-year tenure would be calculated and the committee made it clear that even a nine-year term in state association would mean end of the road in cricket administration. “In view of the order dated 2.1.2017 as amended by the order dated 3.1.2017, an individual is disqualified from being the office bearer of the BCCI or the state/member association if he/she has been an office bearer of the BCCI or the state/member association for 9 years. For example, one who has been the office bearers of a state association for 9 years is disqualified from returning to cricket administration either at the BCCI or at any state association similarly, one who has been an office bearer at the state for 5 years and then at the BCCI for 4 years is also similarly disqualified. PTI KHS PM PMadvertisementlast_img read more