Share to Twitter Share to Linkedin Clergy housing is back in the news as Supreme Court Justice Neil Gorsuch dissented from the Court's decision to not hear the appeal in the case of Trustees of the New Life in Christ Church v. City of Fredericksburg . The economic issue was real estate tax exemption for a residence on Church property occupied by Josh Storms and Anacari Storms. Justice Gorsuch sees it as a matter of bureaucrats and judges subjecting religious beliefs to verification. The real estate exemption turned on whether Josh and Anacari can be considered ministers under the Virginia statute that exempts parsonages. The Issue Looking at it from the viewpoint of the City it is pretty simple. Josh and Anacari are living in a house owned by New Life. Are Josh and/or Anacari "the minister" of the church, which will qualify the residence for exemption from property taxes? The statute says "the minister", but the Supreme Court of Virginia in 1971 ruled that … [Read more...] about Gorsuch Wanted Supreme Court To Overrule Virginia Courts On Real Estate Tax Issue
Government wants 3 6 lakh crore from rbi
Nazir: If it were left to me, I would certainly want to populate the assembly with a lot of youths - A + A KUALA LUMPUR (Jan 24): Tan Sri Nazir Razak (pictured) wants to do his utmost to contribute towards a national reset, but said joining politics is not the way to do it. The prominent banker, who is one of Malaysia’s leading public figures, stressed that he has no plan to venture into politics to hasten change. “People have called me and said, if you really want to contribute, go into politics, but that’s precisely what I shouldn’t be doing. What I want to do is try and change politics,” he told a question-and-answer session on Monday (Jan 24) after an open Zoom chat with Professor Ngaire Woods, dean of the Blavatnik School of Government at the University of Oxford, about his recently published memoir. “And that’s why, last November, I wrote to the King about this idea of setting up this Better Malaysia Assembly (BMA), introducing deliberative democracy. … [Read more...] about Nazir Razak: I don’t want to join politics, I want to change politics
Share to Twitter Share to Linkedin Will Morris, former chair of the tax committee at Business at OECD, reflects on his nearly decadelong tenure and experiences leading the business community through OECD global corporate tax reform projects. This transcript has been edited for length and clarity. David D. Stewart: Welcome to the podcast. I'm David Stewart, editor in chief of Tax Notes Today International . This week: changing voice. For nearly a decade, Will Morris has been a leading advocate for the business community on tax matters at the OECD. As chair of the tax committee for Business at OECD (BIAC), he has participated in what might have been the most active period of work on international tax in history. He recently stepped down from that role and spoke with Tax Notes chief correspondent Stephanie Soong Johnston about his experience. Stephanie, welcome back to the podcast. Stephanie Soong Johnston: Thanks. Great to be here as always. … [Read more...] about The Tax Diplomat: Reflections From Former BIAC Tax Chair
Gavet, photographed on the Bolshoy Kamenny Bridge, in Moscow, is that rare outsider who has thrived in Russia’s insular business community. | Photo by Yuri Kozyrev “We will have dinner,” Maelle Gavet says. “And you will see the girls.” advertisement advertisement “The girls?” I ask. “I told you I’d show you the nightlife of Moscow” is Gavet’s riddle of a reply. “I will show you the nightlife of Moscow.” Gavet–CEO of Russia’s largest e-commerce company, Ozon Holdings , and the closest thing this country has to a Jeff Bezos–is taking me to Soho Rooms, one of the city’s hottest nightclubs, and then we’ll be off to a few more clubs. If we’re still upright by 8 a.m., we plan to check out a pretty cool after-hours spot she knows about. “Or you can go home if you get too tired,” she adds. advertisement advertisement It’s 10 p.m. in Moscow on a sticky May night. The sun is just going down. And as Gavet’s driver–a … [Read more...] about Is This The Jeff Bezos Of Russia?
Image source: The Motley Fool. Colgate-Palmolive Co ( NYSE:CL ) Apr 30, 2021 , 8:30 a.m. ET Contents: Prepared Remarks Questions and Answers Call Participants Prepared Remarks: Operator Good day, and welcome to today's Colgate-Palmolive Company First Quarter 2021 Earnings Conference Call. [Operator Instructions] Now for opening remarks, I would like to turn the call over to Chief Investor Relations Officer, John Faucher. Please go ahead, John. John Faucher -- Chief Investor Relations Officer Thanks, Cierra. Good morning, and welcome to our 2021 first quarter earnings release conference call. This is John Faucher, Chief Investor Relations Officer. Today's conference call will include forward-looking statements. Actual results could differ materially from these statements. Please refer to the earnings press release and our most recent filings with the SEC, including our 2020 annual report on Form 10-K and subsequent SEC filings, all … [Read more...] about Colgate-Palmolive Co (CL) Q1 2021 Earnings Call Transcript
(FILE PHOTO) New People’s Army (NPA) fighters. MANILA, Philippines — The head of the government’s intelligence agency criticized as “insanity” the recent remarks by four presidential candidates expressing their intention to pursue peace negotiations with communist rebels. National Intelligence Coordinating Agency (Nica) Director General Alex Paul Monteagudo said reviving the talks with the rebels would only fail as it did in the past. With their stance to resume the talks, he said, Vice President Leni Robredo, Senators Panfilo Lacson and Manny Pacquiao and Manila Mayor Francisco “Isko Moreno” Domagoso were just trying to “gain votes… [s]o that they would seem like statesmen.” Monteagudo was reacting to remarks made by these candidates in broadcast journalist Jessica Soho’s “Presidential Interviews” which aired on GMA 7 on Saturday. “Mr. Albert Einstein, the genius, said, ‘Doing the same thing over and over again and expecting a different result is insanity,’” Monteagudo said … [Read more...] about Nica chief: It’s insane to talk peace again with Reds
Experts believe Prime Minister Prayut Chan-o-cha's visit to Saudi Arabia heralds a major breakthrough in efforts to restore diplomatic ties between the two countries, which have been strained for more than 30 years. The visit is also expected to boost economic ties, especially via the renewed export of labourers to Saudi Arabia. Prime Minister Prayut will be in Saudi Arabia today for an official two-day visit which will end tomorrow in order to strengthen relations. Gen Prayut was invited by His Royal Highness Prince Mohammad bin Salman, also Saudi Arabia's deputy prime minister and minister of defence, according to a Thai government source. Abdulroning: Normalising ties a boon This is the first official government visit in 30 years, said the source. Saudi Arabia decided to downgrade diplomatic ties with Thailand and adopt a number of measures after the murder of Saudi diplomats and the disappearance of a Saudi businessman in Bangkok following the Saudi gems theft case … [Read more...] about Saudi trip ‘breakthrough’
Share to Twitter Share to Linkedin This week we dabble in cross-disciplinary thinking. The proposition is that wisdom from other social sciences can help explain some of the odd things we encounter in the tax world — specifically regarding EU governance. Strategic forbearance has been gaining intellectual traction in recent years, thanks in part to the writing of Alisha Holland, an associate professor at Harvard University whose 2016 paper on the topic won a prize from the American Bar Foundation. An oversimplification of her thesis is that institutions vested with great power (typically large governments) may achieve desired objectives and advance their standing by purposefully not deploying those powers in the intended manner. That forbearance is likely to have adverse consequences on the private parties who would have benefited from governmental action. Collateral damage is the price of institutional inaction. It can be useful to think about the … [Read more...] about Does Strategic Forbearance Explain EU Deference To The Foreign Account Tax Compliance Act?
This article first appeared in Forum, The Edge Malaysia Weekly, on January 24, 2022 - January 30, 2022. - A + A There are a number of reasons why the government cannot allow AirAsia Bhd to fail. The company made air travel possible for the masses and was able to withstand competition during normal times. Tan Sri Tony Fernandes and his partner Datuk Kamarudin Meranun pioneered the art of operating a low-cost carrier (LCC) in the region and airlines in other countries followed suit. Many LCCs dropped out of the race even before the pandemic because they could not compete with AirAsia. In the context of making air travel cheaper, its contribution to the economy, particularly the tourism industry, is huge. The sheer number of passengers coming from overseas and travelling within the country has supported numerous ancillary businesses such as hotels, entertainment and transport. Before AirAsia came into the picture, air travel to even Sabah and Sarawak was … [Read more...] about Alternative Views: AirAsia simply too big to be ignored
Image source: The Motley Fool. Bank of the Ozarks ( NASDAQ:OZK ) Jan 21, 2022 , 11:00 a.m. ET Contents: Prepared Remarks Questions and Answers Call Participants Prepared Remarks: Operator Good day, and thank you for standing by. Welcome to the Bank OZK fourth quarter 2021 earnings conference call. [Operator instructions] Please be advised that today's conference is being recorded. [Operator instructions] I would like to hand the conference over to your host today, Mr. Tim Hicks. Please go ahead. Tim Hicks -- Chief Credit and Administrative Officer Good morning. I'm Tim Hicks, chief credit and administrative officer for Bank OZK. Thank you for joining our call this morning and participating in our question-and-answer session. In today's Q&A session, we may make forward-looking statements about our expectations, estimates and outlook for the future. Please refer to our earnings release, management comments and other public filings for … [Read more...] about Bank of the Ozarks (OZK) Q4 2021 Earnings Call Transcript