Sum of Verified CUF to be Charged as Allowed Expenses

first_imgRelatedSum of Verified CUF to be Charged as Allowed Expenses RelatedSum of Verified CUF to be Charged as Allowed Expenses RelatedSum of Verified CUF to be Charged as Allowed Expenses Sum of Verified CUF to be Charged as Allowed Expenses UncategorizedApril 13, 2007center_img FacebookTwitterWhatsAppEmail Beginning June 1, an amount not exceeding $1.5 million of verified Customs User Fee (CUF) payments per firm, will be charged as allowed expenses under the Income Tax Act, when companies are making annual returns. This is part of Government’s efforts to alleviate the negative effect of CUF on companies’ operations, Minister of Finance and Planning, Dr. Omar Davies said in his 2007/08 budget presentation in the House of Representatives, yesterday (April 12).The CUF was introduced in the 2002/03 financial year as a compromise measure when elements of the private sector objected to what was the Ministry of Finance’s preferred approach whereby firms would prepay a percentage of taxes at the ports. This amount could be used as a credit when tax returns were filed by companies at the end of the tax year.Dr. Davies said that although the CUF has now become an important source of revenue, which could not be abolished without putting an alternative in place, “the Government is cognizant of the fact that the existence of the CUF has a negative impact on domestic producers, particularly small and medium sized operations and this added cost is passed on to consumers.”The Finance Minister said, therefore, that assuming that small to medium size enterprises import approximately $100 million of raw material and capital equipment in a year, then a $1.5 million expense allowance would be adequate to compensate for the imposition of the CUF. Advertisementslast_img read more

FTC fine provision hits Facebook profit

first_img Facebook trials feature to connect neighbours Previous ArticleNokia bemoans intense 5G competition after weak Q1Next ArticleVodafone, Orange extend Spanish pact to 5G FacebookQ1 earnings AddThis Sharing ButtonsShare to LinkedInLinkedInLinkedInShare to TwitterTwitterTwitterShare to FacebookFacebookFacebookShare to MoreAddThisMore 25 APR 2019 Apps Author Saleha joined Mobile World Live in October 2014 as a reporter and works across all e-newsletters – creating content, writing blogs and reports as well as conducting feature interviews…More Read more HomeAppsNews FTC fine provision hits Facebook profitcenter_img Saleha Riaz Related Facebook set aside $3 billion to cover an expected fine from the Federal Trade Commission (FTC) related to its user data practices, which more than halved its Q1 profit.In a statement, the company explained it took the step as a precaution, noting the “matter remains unresolved, and there can be no assurance as to the timing or the terms of any final outcome”.“We estimate that the range of loss in this matter is $3 billion to $5 billion,” it added.Such a penalty would likely be the largest-ever against a major US tech company by a domestic regulator and the biggest privacy-related fine in FTC history, The Wall Street Journal said.The action relates to a 2018 probe by the FTC into whether Facebook had violated the terms of an agreement struck with the authority in 2012, where it pledged to not collect and share personal data without users’ consent.Referring to the numerous privacy issues which have plagued the company, COO Sheryl Sandberg said on an earnings call that “a key part of earning back trust is increasing transparency. That starts with our products, which should be as easy to understand as they are to use”.CEO Mark Zuckerberg added: “We are focused on building out our privacy-focused vision for the future of social networking”.ImpactAs a result of the provision, Facebook’s Q1 net income was down 51 per cent year-on-year to $2.4 billion. Revenue of $15 billion was up 26 per cent, with $14.9 billion of the total from advertising.Mobile ad revenue grew 30 per cent to $13.9 billion, comprising approximately 93 per cent of total advertising turnover.Daily active user numbers hit 1.56 billion, up 8 per cent over Q1 2018, led by growth in India, Indonesia and the Philippines. Subscribe to our daily newsletter Back Tags Facebook to pay News Corp for Australia content Facebook continues content crusadelast_img read more

After historic win, Henderson wants to ride momentum

first_imgIt’s a good thing they aren’t taking the census this week in Canada. With Brooke Henderson crossing the border into the United States for Thursday’s start to the Cambia Portland Classic, half the country might follow her. Excuse the hyperbole, but the hearts of so many Canadians go wherever Henderson goes these days. Even Prime Minister Justin Trudeau keeps track of her. “Keep making us proud,” he tweeted after Henderson won the CP Women’s Open Sunday to become the first Canadian in 45 years to win the country’s national championship. The blonde-haired, blue-eyed 20-year-old from Smiths Falls is becoming the Great (North) American Hope in women’s golf these days. If she ever gets all the way to Rolex world No. 1, American fans may officially adopt her. Whether she’s playing north or south of the Canadian border, Henderson attracts some of the largest galleries at LPGA events. “Marry my son!” somebody shouted to Henderson during a quieter moment in her victory in Saskatchewan last week. The comment pretty much summed up the affection Canadians have for their starlet. Still two weeks from her 21st birthday, Henderson claimed her seventh career LPGA title last weekend, leaving her one victory shy of equaling Sandra Post’s record for most tour titles by a Canadian woman. Full-field scores from the Cambia Portland Classic “I think she’ll go running by my record,” Post said after watching Henderson win her first major championship two summers ago. “And I think it’s going to be fun to watch.” Lexi Thompson is the highest ranked American in the world at No. 5, but she is amid a reconstruction of sorts. She took a month off this summer, skipped the Women’s British Open and confided publicly that she’s struggling to redefine herself after last year’s emotional challenges. She missed the cut in Canada last week. Thompson is the only American left among the top 10 in the world. Henderson jumped inside the top 10 with Sunday’s triumph, moving six spots to No. 8. While you won’t catch her coveting the No. 1 ranking publicly, she relishes a chance to get there. And she is in a great place now to make a run at it before the year is out. “I’m just really excited for the rest of the year,” Henderson said Wednesday in Portland. “Looking forward to this week and Evian in a couple weeks.” Henderson is hot at an opportune time. She won in Portland in 2015 and ’16. There’s something about Columbia Edgewater Country Club that brings out her best. “I’m really excited to be back here in Portland, where, really, my career got started,” she said. The victory in ‘15 was Henderson’s first LPGA title. She was still a few weeks from her 18th birthday, and not yet an LPGA member, but she got into the field as a Monday qualifier. She ended up winning in an eight-shot runaway. She claimed LPGA membership with the victory. “I have a lot of amazing memories here,” she said. After this week’s event, the women get a week off and then head to the Evian Championship for the year’s final major. That’s where Henderson could really put her signature on this season. She said the CP Women’s Open was like a major championship for her, and she delivered under the intense pressure of trying to win it for her country. “Brooke has always been special in that when the pressure is on, when the lights are turned up, she becomes that player who can hit the shot she needs to hit,” said Tristan Mullally, her Team Canada coach. “When the moment gets bigger, she gets bigger with it. You don’t see that very often.” Henderson has some hard work to do to make a run at No. 1 before the year is out, and to win the Rolex Player of the Year Award, but she is in the mix now. She is third in the Player of the Year race, trailing Ariya Jutanugarn by 90 points with eight events left in the year. An LPGA victory is worth 30 points, with double points available in the majors. “Coming off the win, I feel very confident and a lot of momentum,” Henderson said. “I also feel like it’s easy to have kind of a setback week. I would love to just get off to a fast start tomorrow and try to put myself in good position for the weekend.” That could put her in position for a big run through the rest of the year.last_img read more

‘You have a bomb maker out there’: Experts weigh in on the urgent hunt for answers

first_imgiStock/Thinkstock(NEW YORK) — The urgent hunt for answers is on after explosive devices targeted CNN’s New York headquarters as well as the homes of Hillary Clinton, Barack Obama and Democratic donor George Soros.“You have a bomb maker out there,” former FBI agent and ABC News contributor Steve Gomez said Wednesday.With all four explosive devices discovered within days, Gomez said the bomb maker or bomb makers “built these bombs and deployed them in a short period of time — which means there’s probably explosive materials somewhere out there.”“That’s my biggest concern — that there could potentially be more to come,” he warned.The device at Soros’ Westchester County, New York, home was found Monday night. On Tuesday a package was detected at Clinton’s home in Chappaqua, New York, and the Secret Service “received a nearly identical package in Washington addressed to the Obamas,” officials said. An envelope containing white powder and an apparent explosive device was found in CNN’s mail room Wednesday. It was addressed to former CIA Director John Brennan, though Brennan is a NBC News contributor and has no public ties to CNN.A suspicious package was also sent to former attorney general Eric Holder.All five packages were sent in manila envelopes with computer-printed address labels with the return address of “DEBBIE WASSERMAN SHULTZ” [sic], the FBI said.Assumed connected ‘until proven otherwise’Investigators will assume all devices are connected “until proven otherwise,” Gomez said.Authorities are also going to look at the Democratic leanings of the victims, Gomez said.The political affiliations of the targets indicate “there could be some type of effort to influence our political interest which would trigger a domestic terror-type of investigation,” he said, “especially” with the midterm election in just two weeks.Gomez called this the “highest priority investigation in the country right now — every resource that is needed is going to be deployed … because our political system is at stake.”Zeroing in on the culpritThere are many avenues law enforcement can explore to find the bomb maker.The suspect may be in an existing Secret Service database of people who have previously made threats to these officials, said former FBI agent and ABC News contributor Brad Garrett.Clues leading to the bomb maker’s identity could be found within one of the devices, from fingerprints on the tape to hairs and fibers or possibly DNA, Garrett said.“Bombers typically like this get caught because they’re not sophisticated” and don’t cover their tracks, Garrett said. Notorious Unabomber Ted Kaczynski was so “methodical” in his attacks and “covered himself so well” for years, Garrett said.Kaczynsk’s first bombing was in 1978 and “over the next 17 years, he mailed or hand-delivered a series of increasingly sophisticated bombs that killed three Americans,” the FBI said. He was arrested in 1996.Investigators are also quickly working to identify the materials used in these devices and where those materials may have been acquired, Gomez said.The pipe bomb hand-delivered to Soros’ suburban New York home was loaded with explosive black powder — a material Gomez said is similar to fireworks powder and can be easily acquired in many states.The fact that the bombs did not explode signals that the suspect is likely an amateur, Gomez said.The bomb maker’s signatureAuthorities will be looking for the so-called signature the suspect used in developing these devices, Gomez said, because the signature — like a fingerprint — is different for every bomb maker.“Every bomb maker has their own way, their own method of building a device,” whether it’s the materials used or how it is put together, he explained.In this case, all devices appeared to be pipe bombs, officials said Wednesday.A bomb maker’s signature could evolve over time.The signature of suspected Austin bomber Mark Conditt earlier this year changed from his first bomb to his seventh and final.“At first he was placing the bombs at the doorstep,” Gomez said. “Then he evolved his signature to where he used trip wires and set the package on a sidewalk.”“That alarmed the bomb tech community,” Gomez explained. “Not only is this person able to deploy these devices and they go off, but now he’s changing his method.”Three of Conditt’s packages detonated at homes in Austin, while another explosive was triggered by a tripwire and a fifth went off at a FedEx distribution center about 65 miles away from Austin. A sixth package was found intact at a different FedEx center. The seventh exploded in Conditt’s car with him inside. He was killed.Conditt was “viewed as one of the most prolific bomb makers” since the Unabomber, Gomez said. “That’s truly amazing in the eyes of the bomb tech community.”He added, “The reality is, this guy is probably going to get caught. The question is, are there other devices out there?”Copyright © 2018, ABC Radio. All rights reserved.last_img read more

South Bend School Board Holds Off on Security Assessment

first_img Facebook Facebook Previous articleStay Off the Pier When the Waves are RockingNext articleIndiana Gets $21M Grant for Drug Overdose Data Collection Carl Stutsman WhatsApp IndianaLocalNewsSouth Bend Market South Bend School Board Holds Off on Security Assessment WhatsApp Pinterest Twitter Twitter Google+ Pinterest (Photo supplied/South Bend Community School Corporation) A vote on a security assessment for South Bend Schools has been delayed for another couple weeks.The assessment would be district wide and include things like armed intruder training for all staff members, natural disaster training, and address overall security issues at school building.Superintendent Todd Cummings said the delay is just to give them more time to work out the details of the contract. They were also very clear that arming teachers would NOT be part of the overall plan.It should cost around $100,000 to carry out the assessment, but that cost is being 100% covered by the State Department of Homeland Security.They are now set to vote on Sept. 16th.ABC 57 has the full story here Google+ By Carl Stutsman – September 4, 2019 0 225 last_img read more

Final 2017 Tony Awards Eligibility Rulings: David Hyde Pierce as Leading Actor & More

first_img Hello, Dolly! Related Shows Show Closed This production ended its run on Aug. 25, 2018 The Tony Awards Administration Committee met on April 28 for the fourth and final time this season to decide the eligibility of Broadway productions for the American Theatre Wing’s 2017 Tony Awards, presented by The Broadway League and the American Theatre Wing. The Committee met regularly throughout the 2016-2017 Broadway season to make eligibility determinations.The Committee confirmed the eligibility of 16 Broadway productions for the 2017 Tony Awards. Other shows will be discussed at future meetings. The shows considered are Sweat, The Play That Goes Wrong, Amélie, Present Laughter, War Paint, Oslo, Groundhog Day, Indecent, The Little Foxes, Hello, Dolly!, Charlie and the Chocolate Factory, Anastasia, Six Degrees of Separation, Bandstand and A Doll’s House, Part 2.The Committee announced the following:Jon Jon Briones and Eva Noblezada will be considered eligible in the Best Performance by an Actor/Actress in a Leading Role in a Musical categories for their respective performances in Miss Saigon.Henry Shields will be considered eligible in the Best Performance by an Actor in a Leading Role in a Play category for his performance in The Play That Goes Wrong.Phillipa Soo will be considered eligible in the Best Performance by an Actress in a Leading Role in a Musical category for her performance in Amélie.Jefferson Mays and Jennifer Ehle will be considered eligible in the Best Performance by an Actor/Actress in a Leading Role in a Play categories for their respective performances in Oslo.Andy Karl will be considered eligible in the Best Performance by an Actor in a Leading Role in a Musical category for his performance in Groundhog Day.Peter Darling and Ellen Kane will be considered jointly eligible in the Best Choreography category for their work on Groundhog Day.Laura Linney will be considered eligible in the Best Performance by an Actress in a Leading Role in a Play category for her performance in The Little Foxes.David Hyde Pierce will be considered eligible in the Best Performance by an Actor in a Leading Role in a Musical category for his performance in Hello, Dolly!Warren Carlyle is not eligible for the Best Choreography category for his contributions to Hello, Dolly!Larry Hochman will be considered eligible in the Best Orchestrations category for his work on Hello, Dolly!Christian Borle will be considered eligible in the Best Performance by an Actor in a Leading Role in a Musical category for his performance in Charlie and The Chocolate Factory.Christy Altomare will be considered eligible in the Best Performance by an Actress in a Leading Role in a Musical category for her performance in Anastasia.Lynn Ahrens and Stephen Flaherty will be considered eligible in the Best Original Score category for their work on Anastasia.Alexander Dodge and Aaron Rhyne will be considered jointly eligible in the Best Scenic Design in a Musical category for their work on Anastasia.John Benjamin Hickey will be considered eligible in the Best Performance by an Actor in a Featured Role in a Play category for his performance in Six Degrees of Separation.Corey Cott and Laura Osnes will be considered eligible in the Best Performance by an Actor/Actress in a Leading Role in a Musical categories for their respective performances in Bandstand.Jayne Houdyshell and Condola Rashad will be considered eligible in the Best Performance by an Actress in a Featured Role in a Play category for their respective performances in A Doll’s House, Part 2.All other eligibility rulings were consistent with opening-night billing.center_img View Comments David Hyde Pierce(Photo: Emilio Madrid-Kuser)last_img read more

Affordable housing embraces automated wood heat

first_imgVermont Business Magazine Not that long ago, the Hollister Hill Apartments on Austin Road in Plainfield were a rather bleak example of 1970’s architecture that had seen better days. The Housing Foundation, Inc. had a vision to rebuild them, rendering them into comfortable, affordable, and functional units for their tenants to call home. They did so in part by embracing renewable energy in the form of a central wood pellet boiler.This is the third location where The Housing Foundation has installed a pellet boiler for their units, the others being Colonial Manor Apartments in Morristown and Fairground Apartments in Moretown, with hopes for future projects. Krister Adams, Development Specialist with the Vermont State Housing Authority, said, “Wood pellet boilers are a relatively simple heating system. We have found them to be cost effective and reliable. Plus, using wood as a heat source is environmentally sound and helps our local economy.”The organization feels it is important to do their part to help Vermont reach its goal of 90% renewable energy by 2050, but also, the bottom line just makes sense. “Renewable fuels are cheaper and less volatile than fossil fuels. That’s essential when your residents rely on affordable rent for the long term. We can’t ask them to absorb a spike in oil prices,” said Adams. They also considered air source heat pumps for this property, but the economics of a pellet system made more sense.According to Andrew Perchlik, Director of the Clean Energy Development Fund, “The Housing Foundation is one of several affordable housing groups that has embraced wood heating. These organizations see pellet heating not as a possibility, but as the default top choice, with oil or propane as ‘alternative’ heating. They have realized it is the best option not just ecologically, but economically as well.” These units join more than 500 other affordable housing units across the state that are heated with wood pellets.For this installation, Lyme Green Heat installed a 191,000 Btu/hr Maine Energy Systems PES56 pellet boiler along with a 15-ton silo to hold pellets which are delivered in bulk by Bourne’s Energy. The pellet boiler provides heat and hot water for two buildings with a total of 16 apartments as well as hot water for the common building which has meeting space, laundry room, and kitchen. The boiler system was funded in part by a $16,000 custom rebate from the Clean Energy Development Fund.The apartments are about two-thirds occupied so far and will be fully occupied by the end of June. The Housing Foundation is planning an open house at the end of June as a celebration and will welcome visitors at that time who would like to check out the pellet boiler.Wood pellets are small, evenly-sized granules of 100% compressed sawdust. They are made from low-grade wood or sawdust from saw mills. They have a very low moisture content that allows them to burn very clean, and because they are small and even in shape they can be fed into automated systems, such as a pellet stove or boiler for a home. The pellets being delivered to the Hollister Hill apartments are from Vermont Wood Pellet in Clarendon.Currently, an estimated 12% of Vermont households heat at least in part with pellets (either bagged or bulk); a figure that’s expected to rise as more homes install automatic pellet boilers.Modern wood heating incentives are available for home and business owners:$3000 from the Clean Energy Development Fund, www.rerc-vt.org(link is external)$3000 from Efficiency Vermont, https://www.efficiencyvermont.com/rebates(link is external)For more information on these and all other current incentives on modern wood heat in Vermont, visit: http://fpr.vermont.gov/incentives(link is external)For more information on wood heating in affordable housing, download the Practical Guide to Modern Wood Heating: Successful Conversion to Wood Heating for Affordable Housing in Vermont here: https://www.biomasscenter.org/pdfs/Practical-Guide-to-Modern-Wood-Heating-HOUSING.pdf(link is external)Source: Department of Forests, Parks & Recreation 4.30.2018last_img read more

Minnesota hurdles over program record

first_img“We are where I wanted to be when we started the season,” Bingle said. “We needed to be in a championship environment like [Iowa State] before [the Big Ten indoor championships].”Berkley Edwards thrives in first track actionAfter competing for the Gophers football team for the first time last year, Berkley Edwards got his first taste of collegiate track over the weekend.The redshirt freshman finished third overall in the 60-meter dash Saturday.“I think that was [Berkley’s] first race in nearly a year and a half,” men’s head coach Steve Plasencia said. “I know he loves track as well as football, so it is fun to work with him, and we know he has a big upside.”Edwards didn’t get the opportunity to race against the Gophers’ top sprinter in the finals, as redshirt freshman Brad Neumann sat out the 60-meter dash due to a minor injury, Plasencia said.Neumann did get an opportunity to race in the 200-meter dash Friday, finishing second in the event.Freshman pole vaulter Glen Harold followed up his title last weekend at the Gene Glader Classic with a fourth-place finish in Iowa, a much more competitive field.“[Glen] appears to me to be an emotionally mature kid for being a freshman,” Plasencia said. “I think he is starting to get his confidence going. He has a bright future.” Minnesota hurdles over program recordTwo 60-meter hurdlers broke the program record over the weekend. Grant DonaldFebruary 16, 2015Jump to CommentsShare on FacebookShare on TwitterShare via EmailPrintRecords are meant to be broken, but not necessarily at the rate Minnesota’s hurdlers are shattering them.After already rewriting the history books twice this year, freshman Emma Spagnola set the new time in the 60-meter hurdles after finishing second in the event at the Iowa State Classic on Saturday.And it came less than 24 hours after junior Kimberly Golding broke the record in the 60-meter hurdles preliminaries on Friday. The Jamaica native finished 0.02 seconds behind Spagnola in the Saturday finals to clinch third place in the event.“It’s a good, friendly competition between those two,” women’s head coach Matt Bingle said. “If you are going to get beat, you might as well get beat by your teammate.”While the 60-meter hurdles was the only program record to fall this weekend in Ames, Iowa, redshirt sophomore Erin Hawkins was knocking on the door of the 200-meter dash record.Hawkins dropped 0.22 seconds off her career best Friday afternoon, moving into second place on the Gophers’ all-time record list. With the personal record, Hawkins won the event for her fifth individual title this year.“I have overcome so much the last couple years with knee surgeries and not being able to practice, so I’m just excited to see it all coming together and can actually see progress,” Hawkins said.It wasn’t only the sprinters that shone for the Gophers this weekend as redshirt senior Katie Murgic and junior Cami Gilson had top-five finishes in the pole vault.The Gophers saw the most improvement in their mid-distance runners with eight personal records.last_img read more

Paris commuter EMUs ordered

first_imgFRANCE: SNCF has awarded Bombardier Transportation a €330m firm order to supply a further 42 seven-car and five eight-car train Francilien suburban electric multiple-units.The contract announced on December 21 has been placed on behalf of Greater Paris public transport authority Île-de-France Mobilités, which is funding the order. The latest batch of units is intended for use on Transilien lines L, J and P.The contract has been awarded within a 2006 framework agreement between SNCF and Bombardier Transportation covering up to 372 of the suburban EMUs, of which 360 have now been ordered and more than 240 are in service.last_img read more