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May 29 2012

Employees start working for themselves rather than the Government on Tuesday - two days later than last year, according to low tax campaigners.

The Adam Smith Institute said Tuesday marks Tax Freedom Day - the point in the calendar when Britons stop working for the Treasury and begin to earn for themselves.

The institute's director, Dr Eamonn Butler, said: "Tax Freedom Day, which the Adam Smith Institute has been calculating for 25 years, is the plainest way to show what the tax burden really is.

"That is why the Treasury hates it. They of course want to conceal how much tax we pay, which is why they are so keen on stealth taxes."

The think tank adds levies including VAT, income tax, national insurance, council tax, excise duties, air passenger taxes, fuel and vehicle taxes in its calculations.

Dr Butler blamed the double-dip recession and increased VAT for pushing back the date by 48 hours compared with last year.

He added: "The stark truth is that this burden costs us all 149 days of hard labour every year.

"That's not how long a rich person has to work - it is the time the average person must labour for the tax collectors."

The rest is here:
UK & World News: 'Tax Freedom Day' 48 hours later

JEDDAH, 23 April All eligible Pakistani nationals living in Saudi Arabia can cast their vote either through postal ballot or polling stations set up by the Embassy of Pakistan, Riyadh and the Consulate General of Pakistan in Jeddah on April 30.

Announcing this in a press release, the consulate said that the embassy would establish three polling stations and the consulate four other stations.

The locations in Riyadh are the embassy premises at Diplomatic Quarters and Pakistan International School, Nasaryiah, and at Saudi Arabian International School (Pakistan Section) in Al-Khobar. The locations under the consulate are at Pakistan International School (PIS), Main branch, Aziziah, Jeddah; PIS, Taif; Pakistan House, Makkah; and Pakistan House, Madinah.

The polling will commence at 9:00 a.m. and continue till 7:00 p.m. on the day. The ballot paper will be issued to each voter on production of original national identity card (NIC) or valid passport.

In the mean time, the postal ballot, marking procedure and special envelopes are being issued to all those applicants, who have applied to the embassy or consulate on the prescribed form till April 22. These marked postal ballots and a copy of NIC, as per the procedure, should be returned to the embassy or consulate by April 29.

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Polling booths for expats

THIS weeks National Cutting Horse Association (NCHA) Bayer Imax Gold Futurity might be the richest cutting horse event in the southern hemisphere and when it starts in Tamworths AELEC tomorrow will attract competitors from all over the world.

For one of those overseas trainers John Mitchell, an Australian living abroad, its also the chance to come home and compete in the most prestigious cutting event in Australia.

After winning the 1997 NCHA Open, Mitchell and his family moved to the United States however it hasnt stopped him returning to Tamworth for the Futurity every year since.

I always look forward to the Futurity and the chance to come home again, Mitchell said.

The Futurity is the biggest cutting event in Australia and if you win, its the most prestige that you can gain.

Mitchell also spoke of the excitement surrounding the Futurity.

Its the first show for two to three-year-old horses and therefore anything can happen. Its unpredictable and exciting.

The standard of the Futurity is extremely high.

When you take the top 20 horses out of the hundreds that enter, the events become very competitive, Mitchell said.

He also stressed the importance of Tamworths Australian Equine and Livestock Events Centre.

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Futurity lures expats back home

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If you happen to be someone who is currently in the process of trying to achieve a specific real estate goal, you will definitely want to get your hands on Facebook Real Estate Search because it is the perfect example of an effective resource tool which can help make your life much easier.

Facebook is one of todays most happening social networks on the Internet and being able to utilize it in accordance with your own real estate needs can definitely prove to be beneficial since it is something that you will easily have access to.

When it comes to real estate goals, analysts have come to find that the vast majority of transactions tend to begin with some sort of online search. Now, being able to incorporate those two elements has given birth to Facebook Real Estate Search which is one of the most useful tools for property buyers around the world today.

Free Listing Service

The great thing about Facebook Real Estate Search is the fact that it comes absolutely free. No need to pay for any fees in order to use the service; all you will need to do is simply register in order to create and access your own account which enables you to utilize the listing service.

Excellent Delivery

Once registered, you will be able to log in and find many property listings which are delivered to you in a well-organized manner which can be very important when it comes to people who want to make sure that they do not end up wasting their precious time. Also, Facebook Real Estate Search allows its users to view their options in a variety of ways including price range options, location options, and other parameters with which property buyers might wish to view their options.

Backtracking Feature

Another great thing about using Facebook Real Estate Search is the fact that you can maintain your own account so that any property options which might be of interest to you can actually be saved and monitored for your perusal. You will be able to keep track of all potential properties that you might want to check back at a later time.

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Facebook Real Estate Search: The Most Effective Online Resource Tool For Property Buyers

All amounts are in US dollars unless otherwise noted.

TORONTO and JOHANNESBURG, May 28, 2012 /PRNewswire/ - First Uranium Corporation (FIU.TO), (JSE:FUM) (ISIN:CA33744R1029) ("First Uranium" or "the Company") today received a demand from Olma Investment Group and other dissident shareholders to renegotiate the terms of agreed asset sales and to seek concessions from debt holders.

"Olma and its partners have repeatedly promised a concrete alternative to our restructuring plan," John Hick, First Uranium's lead independent director, said. "Instead of putting forward a viable stand alone proposal as Olma has been promoting, they have only come forward with a set of unrealistic demands that have zero chance of being accepted by the parties involved."

As has been previously communicated, First Uranium's board of directors first announced on March 2, 2012 that it had approved the sale, through two subsidiary holding companies, of its Mine Waste Solutions operation and the Ezulwini mine, to AngloGold Ashanti Ltd. and Gold One International Ltd. for $335 million and $70 million respectively.

In advance of that announcement, First Uranium and its advisors contacted approximately 20 potential buyers around the world and only AngloGold and Gold One emerged as bona fide bidders. No other credible offer has been received since the announcement of the two transactions.

First Uranium shareholders are due to consider the proposed transactions at a special meeting on June 13, 2012.

Olma and others claiming to represent 18 per cent of First Uranium's outstanding common shares proposed the following concessions in an email addressed to the Company and dated May 27, 2012:

A full copy of Olma's email follows below.

Mr Hick said: "After an exhaustive process assessing all available alternatives and based on our discussions over the past five months, and their respective reconfirmations today, we know that neither AngloGold nor Gold One are willing to reopen negotiations with a view to paying a higher price for these assets. Given our extensive interaction with the debt holders, which resulted in the compromises set out in the Company's management information circulars, the idea of these parties and, in particular, the secured debt holders, agreeing to the proposed concessions is equally implausible."

He added: "The dissidents' demands and lack of an alternative "concrete proposal" as promised last week, confirm they have no better alternative to offer than the plan which has already been approved by First Uranium's board. Shareholders need to understand that because of the Company's financial situation, if the negotiated transactions are voted down, there is a real possibility that shareholders may be left with nothing, as the Company faces significant liquidity constraints with impending debt maturities on June 30, 2012 and March 31, 2013. As previously disclosed, Mine Waste Solutions and Ezulwini also face challenges, including significant funding requirements."

The rest is here:
Olma Investment Group Fails to Put Forward an Alternative Offer - Instead makes Unrealistic Demands which First ...