St Modwen promises shareholders a bumper 2002

first_imgWould you like to read more?Register for free to finish this article.Sign up now for the following benefits:Four FREE articles of your choice per monthBreaking news, comment and analysis from industry experts as it happensChoose from our portfolio of email newsletters To access this article REGISTER NOWWould you like print copies, app and digital replica access too? SUBSCRIBE for as little as £5 per week.last_img

Telereal raises £20m by selling five more sites

first_imgTo access this article REGISTER NOWWould you like print copies, app and digital replica access too? SUBSCRIBE for as little as £5 per week. Would you like to read more?Register for free to finish this article.Sign up now for the following benefits:Four FREE articles of your choice per monthBreaking news, comment and analysis from industry experts as it happensChoose from our portfolio of email newsletterslast_img

Concerns over unfair practices, law enforcement cloud digital tax implementation

first_imgRead also: Indonesia taxes tech companies through new regulationTax office spokesperson Hestu Yoga Saksama said the Finance Ministry was now drafting a regulation to implement the Perppu’s provisions. The regulation will allow the government to instruct the digital companies, such as streaming giant Netflix and Swedish music streaming platform Spotify, to collect, pay and report charged value added tax (VAT).“We have started communicating with some of their [digital companies’] representatives in Indonesia. We hope that it [tax collection] will start taking effect in several months,” he told The Jakarta Post recently, citing the examples of similar practices conducted in Singapore, Malaysia and Australia.In Singapore, starting from Jan. 1, customers subscribing to overseas digital services have to pay a 7 percent goods and services tax after the Goods and Services Tax Act was passed in November 2018. The government’s move to roll out the legal basis for imposing taxes on digital companies operating in Indonesia might just be the beginning of its struggle going forward, with concerns surfacing over perceived unfair practices and the enforcement of the regulation.Government Regulation in lieu of law (Perppu) No. 1/2020 issued last week serves as the legal basis for the government to tax foreign companies with a “significant economic presence” that provide digital services and intangible goods from outside the country.The significant economic presence will be determined through the companies’ gross circulated product, sales and/or active users in Indonesia, the regulation reads. Indonesia has yet to gain significant state revenue from mushrooming digital companies offering and selling services in the country to date. One of the main reasons is that many of the digital companies operate from abroad, with no legal entity in Indonesia.The home screen for the Netflix Inc. original movie Two Popes pictured in this undated photo. (Bloomberg/Gabby Jones)Under the Perppu, the government is able to declare digital companies with a significant economic presence as permanent establishments, obliging them to comply with domestic tax regulations.Yoga confirmed the high state earning potential from the digital tax, which is expected to increase in the future. He, however, declined to give specific details with regard to potential income.Finance Minister Sri Mulyani Indrawati said recently that the government decided to tax the digital companies because their sales soared during the pandemic.“They will be the government’s tax base, especially such as today when we use Zoom or Netflix. The companies are not present in Indonesia so they can’t be taxed. But their economic activities are huge,” Sri Mulyani told a teleconferenced briefing.Netflix recorded US$20 billion of revenue globally in 2019, up by 31 percent from the previous year, of which more than $1 billion came from the Asia Pacific region. Meanwhile, Spotify clocked up $1.85 billion in 2019 globally, up by 24 percent from the previous year.Data website Statista has estimated Indonesian Netflix subscribers to number around 481,000 in 2019, a figure that has not been confirmed by Netflix. Statista also estimates the number of music streaming users in Indonesia to be 26.7 million, a 3.3 percent increase from the previous year.“Ultimately, it’s for governments to decide the rules on tax – and in every country in which we operate, Netflix respects those rules,” Netflix has said previously. “Taxation is an important and much-debated issue in Indonesia – and we’ve had conversations over the last few months with the tax authorities.”Read also: Indonesia accelerates tax reforms, cuts corporate income tax in COVID-19 playbookHowever, the upcoming digital tax has been met with caution by both digital service users and experts. Institute for Development of Economics and Finance (Indef) expert Andry Satrio Nugroho voiced concerns about a level playing field in the digital business landscape after the tax was imposed.“The government needs to establish a similar level playing field and convince business players that the government as a regulator will not use a regulation to hinder specific parties from competing,” he said, citing state-owned telecommunications company PT Telekomunikasi Indonesia’s (Telkom) decision to block Netflix services on its internet network.Telkom has contended that Netflix does not yet fully comply with Indonesian regulations regarding media content.“If the government plans to impose the tax on OTT [over the top companies], the government needs to also grow trust in the digital sector that discriminatory practices will not be not used by the regulator or state enterprises,” he stressed.Meanwhile, Indonesia ICT Institute executive director Heru Sutadi highlighted the concern over sanctions in the case of noncompliance by OTT companies in the future. “It’s not very easy to enforce the rules if the OTT headquarters are elsewhere,” he said.Read also: State revenue to contract 10% as businesses suffer, tax incentives take effect: Sri MulyaniBased on the Perppu, the sanction for tax regulation noncompliance could be a block on access to the digital service, after a warning. The Finance Ministry has pledged to work with the Communications and Information Ministry and Statistics Indonesia (BPS) in supervising the data exchange and employing sanctions.Heru also questioned the government’s coordination among ministries on enforcing the digital tax sanction, especially with the recent $1 million partnership between Netflix and the Education and Culture Ministry.“The strategy of foreign OTTs in Indonesia is always like that. If there is an institution that presses them, they will go to another institution to collaborate,” he said.Topics :last_img read more

Icardi’s wife reveals when PSG star dislikes lovemaking with her

first_imgThe model and TV presenter told Italian magazine Repubblica delle Donne: “I do not know what to say.“He should try it before a match, but Mauro is very professional and does not do anything before a match. “Only after and if the match went well. If it does not go well, he does not even want to look at me.”Icardi didn’t feature in PSG’s first league match of the season after reportedly testing positive for coronavirus alongside fellow teammates Marquinhos and Keylor Navas.Thomas Tuchel’s men suffered a shock 1-0 defeat to Lens at the Stade Bollaert-Delelis on Thursday.Wanda has become a controversial figure after she ditched Icardi’s former teammate Maxi Lopez for the PSG striker.Lopez, 36, has previously accused the blond bombshell, who is also Icardi’s agent, of cheating on him while they were married.However, Wanda has slammed the accusations and claimed that her relationship with Icardi didn’t start until she returned to Argentina.“I left Maxi Lopez and went back to Argentina,” she said.“That is when I started a thing with Mauro. I had three children and it was not easy returning to Argentina and starting over.Read Also: Lionel Messi gifts blind boy life-changing glasses“Having found someone like Mauro, who is young, was very important to me. It was not only a choice for me, I chose him because he already loved my kids.”Lopez has since claimed that he has brushed aside his rivalry with Icardi by suggesting that he has forgiven him for allegedly ‘stealing his wife.’FacebookTwitterWhatsAppEmail分享 Inter boss Antonio Conte, who axed Icardi from the San Siro, argued that footballers should try to waste as little energy as possible during sex.When Wanda was asked the former Juventus boss’ claims, the 33-year-old Argentine beaut opened up about her husband’s frustrations when PSG lose a match. The former Inter captain made 34 appearances across all competitions and scored 20 times and registered four assists as PSG completed a domestic treble. Promoted ContentWho Is The Most Powerful Woman On Earth?10 Gorgeous Bollywood Divas Who Earn A Lot8 Best 1980s High Tech GadgetsThe Most Clever Uses Of CGI In CinemaBirds Enjoy Living In A Gallery Space Created For ThemThe Very Last Bitcoin Will Be Mined Around 2140. Read MoreWhy Do So Many Digital Assistants Have Feminine Names & Voices?TV Characters Who Hated Each Other But Later Became FriendsThailand’s 10 Most Iconic Landmarks7 Black Hole Facts That Will Change Your View Of The UniverseBest & Worst Celebrity Endorsed Games Ever MadeWho’s The Best Car Manufacturer Of All Time? Loading… Wanda Nara has surprisingly admitted that Paris Saint-Germain striker and husband Mauro Icardi turns down sex with her whenever his side lose a game. Icardi, 27, spent last season out on loan in the French capital before making his sensational switch from Inter Milan permanent for £54m in May.Advertisementlast_img read more

Syracuse stays alive at ACC Tournament with 73-64 win over Wake Forest

first_imgNEW YORK — A little less than two weeks ago, Duke gave Syracuse an opportunity. In their Feb. 24 matchup in Cameron Indoor Stadium, the Blue Devils missed their first 15 3-pointers. It was probably the worst offensive effort from Duke all season.Syracuse lost that game because it too had an ugly offense. It finished with 44 points, its lowest total of the season. The shortage came because the man in charge of the other bench, Division I all-time wins leader Mike Krzyzewski, threw SU a defense it knows all too well — the 2-3 zone. He knew the blueprint to stopping Syracuse.And during the most worrisome periods of Tuesday night’s 73-64 Syracuse (20-12, 8-10 Atlantic Coast) win over Wake Forest (11-20, 4-14) in the ACC Tournament’s opening round at the Barclays Center, it was the opponent’s deployment of Boeheim’s patented zone that stifled his Orange. WFU’s own version of the 2-3 helped it climb back after Syracuse started well. SU’s ability to adjust in the second half landed it another game to play Wednesday night.“In the first half, we had a lot of good looks and just couldn’t make anything,” Boeheim said. “I think in the second half we attacked the zone better. I thought Frank (Howard) did a great job, Marek (Dolezaj) was tremendous getting into the open spots.”The win provides relief, albeit not much of it. SU entered this tournament knowing Day 1 was a stepping stone to the matchups that can boost its chances of making the Big Dance. But its first game was also as far as the Orange had ever been. Although it has played deeper in the ACC tournament thanks to a bye, Syracuse never won a game in this setting since joining the conference for the 2013-2014 season. Until now. AdvertisementThis is placeholder textSo sixth-seeded North Carolina awaits. The Tar Heels came to the Carrier Dome a few weeks ago and survived a late push from SU. They are given the third-best odds of surviving ACC tournament, according to, while SU has just a 17 percent chance of making it to the next round. In uncharted territory, the Orange will have to defy what the numbers say to avoid failing to make the NCAA Tournament for the third time in four years — something that has never happened in Jim Boeheim’s 42-year tenure as head coach. Now, SU has the opportunity it missed out on at Duke.An opening similar to Tuesday’s wouldn’t hurt, as it appeared to be Syracuse’s game to lose from the get-go. A hot offensive start, highlighted by a sequence where sophomore guard Tyus Battle stole the ball, dunked it and converted an and-one on the next possession, gave the Orange a 20-4 edge before ten minutes could pass. Howard later said he warned his teammates that margin would shrink.“I told the guys they were going to make a run. They’re an explosive team,” Howard said. “… We knew what they did to us down in their place. We took an L to them.”On the other end, SU’s defense rattled Wake Forest early. The Demon Deacons hit just one 3-pointer before the half, even with some of their 13 attempts wide open. They mailed cross-court passes out of bounds and into the hands of Orange defenders.WFU’s ability to flip to zone made the rubber match between the two teams the close contest it was billed to be. Syracuse cooled, committing a bundle of its nine first-half turnovers. It grew stagnant, freshman forward Oshae Brissett said, because Wake Forest’s stationary zone egged them into it.“You see the defense there standing around,” Brissett said. “If it’s man, you feel like you could beat anybody. But in the zone, it’s like the whole team is guarding you once get the ball. We gotta move around a lot more.” The margin crept closer as Wake Forest attacked SU from the high post, often times with a smaller guard like junior Bryant Crawford. A jumper from him and a Doral Moore posterizing dunk on Matthew Moyer later, the flood of Orange in the seats lost its raucousness. They had a game. With about five minutes left, junior center Paschal Chukwu, at 7-foot-2, swatted a ball way out of bounds. The Barclays Center’s lower bowl full of Orange fans erupted. But the ref called goaltending and Wake Forest was awarded two. A 16-point lead had dipped to four points. From the sideline, head coach Jim Boeheim pushed his palms toward the hardwood and issued a directive to his team: calm down. They took that message to halftime along with a six-point lead.In the second 20 minutes, Syracuse found the movement necessary to best the defense it knows so well. Marek Dolezaj opened the second half with five-straight SU points to pad the lead to nine. The freshman forward had his best game with 20 points on 6-of-7 shooting. He operated within the paint using polished passes and a trigger quicker than it ever has been since he arrived in Syracuse. He dunked thrice.“It makes the game so much easier,” Battle said of Dolezaj’s contributions. “Especially when they’re in that 2-3 zone, teams extending out on Frank and I, trying to not let us shoot. When Marek sits in the middle and developed that 15-footer, he can shoot that shot and make the decisions down low. It makes the game so much easier.”Then Howard added an and-one floater. Battle answered a WFU 3 with one of his own — SU would finish with just four triples on the night. Again, the Orange came out of the locker room playing good basketball. With just over ten minutes to play, Howard ran the fast break. He had numbers. He looked to his left. The ball went the other way, right into the grasp of an ascending Brissett. The freshman forward didn’t have his best day, passing up some open jumpers and electing to drive into missed layups. He did not miss this time, dunking with so much momentum that he pulled his head above the rim. Syracuse led by 15.Wake Forest chiseled. It nailed its 3s and drew a few charges. The lead fell into single digits, but unlike during SU’s trip to Winston-Salem in January, the Orange had answers. It will need a few more on Wednesday to fend off concerns about the most important thing in March. Comments Published on March 6, 2018 at 9:22 pm Contact: | @jtbloss Facebook Twitter Google+last_img read more