Few video clips released over the past few years showed him in the caves of Afghanistan, in stark contrast to where he was ultimately located. Those video clips strayed his trackers into the rugged mountain terrains, whilst Osama lived in a million dollar mansion, close to Pakistan’s army barracks. Osama led his Al Qaeda towards terrorist activities, making the world…
Read MoreThe Dunedin District Court sentenced a Gore based dentist to five months home detention on May 2 on proven charges of tax evasion and fraud. Ian James Bloxham had to answer 22 charges, seven of which included failing to account PAYE and 12 charges relating to GST violations. The Court also convicted him on three charges of filing false Income…
Read MoreAn increasing number of small businesses are piling up their credit card debts to finance their operations, providing them immediate cash flow, according to a Massey University research published last week. The University’s Centre for Small and Medium Research conducted the annual longitudinal Survey, in which 1808 small and medium-sized companies participated. A Report, titled, Managing under Recession: Perspectives from…
Read MoreDo you file an IR3 tax return? If yes, you must be aware of the new procedure for claiming your tax credits. The procedure involves credit claims for donations, childcare and housekeeper payments. To avoid delays, we suggest you file your tax credit claim and IR3 at the same time. The total donations, childcare and housekeeper payments claimed in a…
Read MoreApart from writing a regular monthly column, Inland Revenue Department (IRD) Community Relationship Advisor Abdul Rafik answers Readers’ Queries. Here are two of them: Evading Tax Agent I had engaged a Chartered Accountant to file my returns for the past 15 years. He recently merged with a larger firm and continues to work from there. However, he has not filed…
Read MoreIndia’s international trade continued to surge but the country is yet to effectively address its Balance of Payments deficit. Official estimates for the fiscal year ending March 2011 released last week showed that the country’s trade deficit showed a marginal decline to reach about $US 104.82 billion from $US 109.62 billion recorded during the previous fiscal year. But Director General…
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The ACT Party does not care if common people get into the jaws of loan sharks and perish but at least the National Party is beginning to believe that ‘something must be done’ to get middle and lower classes out of their predicament. There are a number of horror stories concerning loan sharks and the harassment they wrought on people.…
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Fiscal year ending March 2001 was yet another period of all-round growth for Bank of Baroda, according to its Annual Report released last fortnight in Mumbai. The Banks’ net profit from its domestic and overseas operations reached $ 1.24 billion, accounting for an increase of 38.7% over the previous financial year, while Operating Profit, at $2.05 billion, was up by…
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Success comes to those who dare to dream, fight odds and work hard; those who moan and groan would always remain relegated. A good financial institution with a heart to help in times of need and a mind to understand business predicaments is however imperative for the success of every institution and individual (well almost). Victor (Virender) Kapoor, Managing Director…
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Downturn, Recession, Upturn and Boom are part of every economy and business activity and the Property sector is no exception. Although the current recession has created nervousness in the market, we will definitely experience another boom soon, bringing fresh opportunities for growth and profitability. Those with the best-laid plans for the worst of times will survive, while those who have…
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