Archive for the ‘Uncategorized’ Category

Goa expats want total change of political blood

Home

Calcutta News.Net Thursday 1st March, 2012 (IANS)

Goan expats across the continents of Europe, Australia and America are calling for a "total change of blood" in Goa's political system ahead of assembly elections Saturday.

Members of the Goan diaspora are beseeching their counterparts back home to vote for Goa's ecology and identity, especially when their forefinger hovers over the electronic voting machine (EVM), milliseconds before the punch down.

Carmen Miranda, former director of global social development agency Panos and a resident of Britain, describes the incumbent government in Goa in four words: "Despicable, irresponsible, incompetent and criminal". And she doesn't have much faith in the political rulers of the past either.

"If any candidate has in the past been a legislator or minister in any Goa government in the past 50 years, don't vote for them... People in Goa are disillusioned and have given up," Miranda told IANS on e-mail.

A news producer with Radio Adelaide in Australia, Frankey Fernandes claims there's simply no "messiah" on Goa's political horizon.

"However, it would be a welcome sign if well educated and people with clean backgrounds came and participated. It would be personally tough for them in this era of 'Goondaraj', however, one can always hope for the best," he said.

Goa goes to polls Saturday to elect a 40-member assembly.

In California, engineer and musician Rajan Parrikar is seething with rage against the political establishment.

See more here:
Goa expats want total change of political blood

Overseas tax cheats getting off easy, says senator

Updated: Thu Mar. 01 2012 15:10:24

The Canadian Press

OTTAWA The federal government isn't doing enough to catch tax cheats who stash money in overseas havens, says a Liberal senator.

Percy Downe said the government has the names of more than 100 people who hold million of dollars in Liechtenstein bank accounts, but hasn't cracked down.

However, Nancy Bishay, a spokeswoman for Revenue Minister Gail Shea, said the government has been diligent in chasing tax dodgers.

The Liberal senator from Prince Edward Island said the Canada Revenue Agency managed to recoup only $6 million in taxes and interest from these people last year.

But Bishay says the agency has gone far beyond that in pursuit of cheats.

"Over the last two years, through audits of Canadian taxpayers involved in aggressive international transactions, the CRA has made great strides," she wrote in an email.

"As an example, in 2009-10 alone, we identified over $1 billion in additional taxes. Compare that to 2005-06 under the Liberals where $174 million was identified."

In his news release, Downe said the government seems to be bending the rules to let some tax evaders off the hook.

See more here:
Overseas tax cheats getting off easy, says senator

A call to crack down on tax cheats with overseas bank accounts

OTTAWA A Liberal senator says the federal government isnt doing enough to catch tax cheats who stash money in overseas havens.

Percy Downe says the government has the names of more than 100 people who hold million of dollars in Liechtenstein bank accounts, but hasnt cracked down.

The Prince Edward Island Liberal senator says the Canada Revenue Agency managed to recoup only $6 million in taxes and interest from these people last year.

In a release, Downe says the government seems to be bending the rules to let some of them off the hook.

He says another 1,700 Canadians are known to have accounts in just a single Swiss bank.

Downe adds that at a time when the government is scrambling to deal with the deficit, theres no excuse for letting tax cheats off easy.

Not one penny has been assessed in fines, he said of the Liechtenstein cases.

That is because not one charge has been laid. In the four years since this information has come to light, not one of these Canadians who have hidden their money abroad to avoid paying taxes in Canada have stood before a judge, in Canada or overseas.

Downe, a former chief of staff to Jean Chretien who was named to the Senate by his boss in 2003, says its a matter of fairness.

Tax fairness, like justice, must be seen to be done, he said. Honest, law-abiding, taxpaying Canadians should not have to feel let down by a federal government unable or unwilling to make a serious effort to recoup monies from Canadians who try to avoid paying their fair share.

Read more from the original source:
A call to crack down on tax cheats with overseas bank accounts

Harper government letting overseas tax cheats off easy, says senator

OTTAWA - A Liberal senator says the federal government isn't doing enough to catch tax cheats who stash money in overseas havens.

Percy Downe says the government has the names of more than 100 people who hold million of dollars in Liechtenstein bank accounts, but hasn't cracked down.

The Prince Edward Island Liberal senator says the Canada Revenue Agency managed to recoup only $6 million in taxes and interest from these people last year.

In a release, Downe says the government seems to be bending the rules to let some of them off the hook.

He says another 1,700 Canadians are known to have accounts in just a single Swiss bank.

Downe adds that at a time when the government is scrambling to deal with the deficit, there's no excuse for letting tax cheats off easy.

"Not one penny has been assessed in fines," he said of the Liechtenstein cases.

"That is because not one charge has been laid. In the four years since this information has come to light, not one of these Canadians who have hidden their money abroad to avoid paying taxes in Canada have stood before a judge, in Canada or overseas."

Downe, a former chief of staff to Jean Chretien who was named to the Senate by his boss in 2003, says it's a matter of fairness.

"Tax fairness, like justice, must be seen to be done," he said. "Honest, law-abiding, taxpaying Canadians should not have to feel let down by a federal government unable or unwilling to make a serious effort to recoup monies from Canadians who try to avoid paying their fair share."

View post:
Harper government letting overseas tax cheats off easy, says senator

BW Offshore: New contemplated bond issue

BW Offshore Limitedis contemplating to issue a NOK 500-750millionsenior unsecured bond with maturity inMarch 2017. Theproceeds will be usedfor general corporate purposes.

DNB Markets, Nordea Markets, Pareto Securities and SEB Merchant Banking have been appointed as joint lead managersof the contemplated bond issue.

For further information, please contact:

Knut R. Sthre, CFO, +47 9111 7876

Kristian Flaten, Vice President IR and Corporate Finance, +47 9509 2322

About BW Offshore:

BW Offshore is a leading global provider of floating production services to the oil and gas industry. With the acquisition of Prosafe Production in 2010, the company has become the world`s second largest contractor with a fleet of 14 FPSOsand 2 FSOs represented in all major oil regions world-wide. BW Offshore has an excellent track record on project execution and operations, as well as a robust balance sheet and strong financial capabilities. In30 years of production, BW Offshore has successfully executed more than 30 FPSO and FSO projects. The company is listed on the Oslo Stock Exchange. Further information is also available on http://www.bwoffshore.com

The owner of this announcement warrants that: (i) the releases contained herein are protected by copyright and other applicable laws; and (ii) they are solely responsible for the content, accuracy and originality of the information contained therein.

Source: BW Offshore via Thomson Reuters ONE HUG#1590559

See more here:
BW Offshore: New contemplated bond issue