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In its official response, Country Garden acknowledged the violations and expressed regret for any inconvenience caused to customers and residents. The company stated that it takes the criticisms seriously and is committed to rectifying the issues promptly. Country Garden assured customers and stakeholders that it will implement strict measures to ensure compliance with regulations and improve its property management practices.Paul Finebaum wants to keep Indiana out of the College Football Playoff with blowout loss to Ohio State, shows fairly obvious SEC bias | Sporting NewsOTTAWA — Former Toronto Blue Jays all-stars Josh Donaldson and Russell Martin scored a major win against the Canada Revenue Agency (CRA) as a Tax Court judge cried foul over the agency’s attempt to tax millions of dollars in additional income. In an extensive ruling published Wednesday, Tax Court of Canada judge Jean-Marc Gagnon found that the CRA’s calculation of Donaldson and Martin’s taxable income during some of the years they played in Canada was “faulty.” The precedent-setting decision found that the star players’ taxable income in the years audited by CRA was millions of dollars less than what the agency claimed. In total, Martin’s total taxable income in Canada dropped by roughly $4 million for 2015 to 2017, whereas Donaldson’s was reduced by a total of roughly $2.6 million for 2016 and 2017. Veteran tax lawyer and partner at KPMG Mark Feigenbaum said the ruling will bring a sigh of relief to Canadian professional sports teams and organizations that tend to hire foreigners for high-paid positions. “This was a really big deal,” said Feigenbaum, who often represents clients in sports and entertainment. He was not involved in these cases. As first reported by National Post last year , Donaldson and Martin’s cases raised a common issue that tax experts argued could have a chilling effect on Canadian sports teams’ ability to attract top international athletes: namely, how non-resident top earners can protect their income and mitigate Canada’s higher income-tax rates. Specifically, the tax agency challenged how much income the players could deduct from their taxes using contributions to a form of pension plan called a Retirement Compensation Agreement (RCA). RCAs are commonly used by high-earning athletes and top executives recruited by Canadian organizations. It defers income and tax payments, and isn’t subject to strict contribution limits like an RRSP. The taxpayer is allowed to contribute a “reasonable” amount to their retirement every year, but the CRA withholds half of it in a fund that cannot be invested. When an RCA holder retires or loses their job, the pension account will begin paying out, at which point the money will be taxed, presumably when they are in a lower tax bracket. The CRA will then also refund the 50-per-cent portion of all contributions that it withheld. The crux of the battle between CRA and the two former Blue Jays stars was a disagreement on how the players’ contributions should be deducted from their income tax while they played for Toronto. At issue was that Russell and Donaldson spent 60 per cent of their time in the United States and only 40 per cent in Canada, with taxes payable split accordingly. The time spent in Canada was called “duty days.” CRA argued that the retirement contributions should be deducted before the 60/40 American-Canadian split was calculated, meaning the players would end up paying more taxes on the Canadian portion. The two baseball stars, represented by lawyer Marie-France Dompierre, argued the opposite: that the contributions should only be deducted from the Canadian portion after the split. Ultimately, the Tax Court sided with the players, noting that CRA’s interpretation was “faulty” in many ways. “The RCA regime is meant to be applied solely to Canadian-source income of non-residents. A non-resident’s foreign-source income is not subject to Canadian RCA rules, as it does not fall within the jurisdiction of Canada,” Gagnon wrote. The CRA’s interpretation, the judge continued, “could not have been what Parliament intended when it created the RCA regime.” The difference in interpretation — in the case of players who were paid US$28.65 million (Donaldson) and US$42 million (Martin) during the years audited by CRA — was worth potentially millions of dollars in unpaid income tax. For example, the taxable portion in Canada of Martin’s US$20 million salary in 2017 was US$7 million in CRA’s view, but US$5.5 million in the players’ view. “An athlete has difficulty with the tax rate here and compared to where they could be playing or could be based. So this mitigates a little bit of the of the differential,” Feigenbaum said. “If the government takes that away... that makes in really less competitive for someone to want to temporarily be in Canada,” he added. According to the ruling, one reason CRA’s decision was “faulty” was that the Income Tax Act is “very clear that income earned in two places, whether that income is earned by a resident or a non-resident without distinction, must be calculated as two distinct sources,” Gagnon wrote. He also noted that “Canada does not have jurisdiction over a non-resident foreign-source income and therefore cannot include, exclude, or deduct amounts under the Act to such foreign-source income.” In other words, the government can only calculate Canadian deductions from income earned in Canada. CRA declined to comment on the case, citing its policy of not commenting on court cases. “ The courts provide Canadians with an independent review of disputed issues, and court decisions serve to clarify the law or resolve disputes between the Canada Revenue Agency (CRA) and taxpayers,” CRA spokesperson Étienne Biram said in a statement. National Post cnardi@postmedia.com Get more deep-dive National Post political coverage and analysis in your inbox with the Political Hack newsletter, where Ottawa bureau chief Stuart Thomson and political analyst Tasha Kheiriddin get at what’s really going on behind the scenes on Parliament Hill every Wednesday and Friday, exclusively for subscribers. Sign up here . Our website is the place for the latest breaking news, exclusive scoops, longreads and provocative commentary. Please bookmark nationalpost.com and sign up for our politics newsletter, First Reading, here .
As the situation in the Middle East continues to evolve, it is essential for the United Nations and its member states to uphold the principles of international law and work towards a peaceful and sustainable solution to the conflicts in the region. Syria's appeal serves as a timely reminder of the urgent need for concerted international action to address the root causes of the crisis and prevent further escalation of tensions.Progressivism and the murder of a health insurance CEO
Jimmy Carter, former US president and Nobel Peace Prize recipient, dies at 100In essence, Yee's insights underscore the transformative power of acting and the social responsibility that comes with it. For young actors, it is crucial to approach their profession with a deep sense of reverence, recognizing the impact they can have on individuals and society as a whole. By embodying this respect and committing to continuous growth and self-improvement, youth actors can fulfill their potential as catalysts for positive change through their craft.
Egypt has provided EGP 65.6bn in loans for micro, small, and medium-sized enterprises to over 2.9 million beneficiaries in villages covered by the “Decent Life” presidential initiative, according to Minister of Planning, Economic Development, and International Cooperation, Rania Al-Mashat. The loans were disbursed from various financing entities. The details were presented on Sunday during Al-Mashat’s overview of the final results of the fiscal year (FY) 2023/24 socio-economic development plan to the Planning and Budget Committee of the House of Representatives, which is chaired by Fakhry El-Feki. Economic Challenges Al-Mashat highlighted that the current global economic landscape is unstable, with both economic and geopolitical challenges impacting economies worldwide. She stated that the Egyptian economy has been affected, impacting the performance and implementation of the socio-economic development plan. The plan initially projected a 4.1% economic growth rate for FY 2023/24. However, Egypt’s real GDP growth slowed to 2.4% by the end of the fiscal year. This is a decline from 3.8% in FY 2022/23 and 6.6% in FY 2021/22. The performance of key economic sectors such as the Suez Canal, the extractive and petroleum sector, and manufacturing industries have been negatively impacted by external shocks, economic challenges, and geopolitical issues, Al-Mashat said. She added that contractionary monetary and fiscal policies were adopted by the state in order to restore macroeconomic stability and govern public investments. The plan had also projected an inflation rate of 16% for FY 2023/24. Due to a flexible exchange rate policy, inflation peaked at 40.3% in September 2023 before declining to 34.1% by the end of the fiscal year. Investment Figures Al-Mashat revealed that total investments under the FY 2023/24 plan reached approximately EGP 1.626trn, a 5.8% increase compared to the previous fiscal year. The plan, which had allocated EGP 1.650trn, saw an implementation rate of approximately 98.5%. Public investments totalled EGP 926bn, representing a 6.3% growth compared to the previous year, and 88% of the planned EGP 1.050trn. As part of the government’s strategy to foster private sector-led economic development, the proportion of public investments to total investments decreased to approximately 57%, compared to a target of 64%. Private investments reached EGP 700bn in FY 2023/24, exceeding the targeted EGP 600bn with an implementation rate of 116%. This represents a 5.3% growth rate, increasing its share of total investments to approximately 43% compared to a planned 36%. The investment rate as a percentage of GDP decreased in FY 2023/24 to 13%, compared to a planned rate of 15.2%, according to Al-Mashat. She stressed the need for more investments to accelerate production and employment across all sectors, which the ministerial economic group is currently addressing. Development Objectives Al-Mashat stated that the plan’s implementations maintained the state’s key developmental objectives, particularly in human and social development. This includes sectors such as school and university education, scientific research, and health services, which received approximately EGP 107.9bn. Despite the decline in investment volume and economic growth, these sectors exceeded their targets, accounting for 34.6% of total government investments, compared to a planned 24.4%. Infrastructure sectors received around EGP 180.6bn, representing 57.9% of government investments, which is below the targeted 66.3%. Local development investments totalled approximately EGP 23.2bn, which is 7.5% of total government investments, exceeding the planned 7.2%. Approximately 35% of total local development investments went to Upper Egypt governorates, compared to 21.4% the previous year. The increase in public investments during the FY 2023/24 fiscal year resulted in the completion of 11,231 projects across various economic and social development sectors, Al-Mashat added. Sectoral Achievements In the health sector, 23 hospitals and family health centres were completed at a total cost of EGP 11.5bn. This includes eight hospitals to complete the first phase of the comprehensive health insurance system, targeting six governorates, as well as ten specialised treatment hospitals and medical centres, and five family health centres. Al-Mashat said the state’s efforts to improve healthcare services led to an increase in “the percentage of beneficiaries from comprehensive and traditional health insurance services” to approximately 70%, compared to 52% in 2013. This has helped to increase the “average life expectancy at birth” to 71.6 years. Public investments in education led to a 63% decrease in primary school dropout rates over ten years and an 84% drop in preparatory school dropouts, Al-Mashat said. The rate of accessible classrooms suitable for the middle class increased from 3% in FY 2013/14 to 7% in FY 2023/24. There are now 179 schools of this type, including applied technology, Japanese, official international, and outstanding schools. Furthermore, the percentage of graduates from applied technology schools who are employed or pursuing university education has increased to 82%. Al-Mashat confirmed that investments in higher education have achieved 100% coverage in public universities, 70% coverage in private universities, and 33% coverage in technological universities across all governorates. Regarding public utilities, 57 drinking water and sewage projects were completed with a total production capacity of approximately 310,500 cubic meters per day at a cost of EGP 8.3bn. Seven treatment plants were also completed with a total capacity of 350,000 cubic meters per day at a cost of EGP 2.8bn. This resulted in a 31% increase in the length of sewage networks, raising sewage service coverage from 50% to 67% nationwide, and from 12% to 43% in rural areas. Social housing investments reached EGP 28.4bn during FY 2023/24, representing 89% of the planned EGP 32bn. This resulted in 69,255 housing units, accommodating approximately 350,000 citizens. In the renewable energy sector, the Suez Gulf wind farm with a capacity of 252 megawatts has begun commercial operation, as well as the trial operation of the 200-megawatt Acwa Power solar plant. 635 villages were supported with electricity services, worn-out networks were replaced in 3,193 villages and 54 small villages and communities were provided with electricity. Additionally, 32 distributors were replaced, and 1,478 distribution transformers were expanded and replaced. The construction of the railway complex in Bashteel was completed. Investments in the sector have resulted in a 71% increase in passenger transport capacity by rail between 2014 and 2023, reaching 1.2 million passengers daily. Freight transport capacity by rail increased by 31%, reaching 5.9 million tons annually. The number of metro and electric traction trains increased from 106 to 220, a growth of 107%, which resulted in an increase in passenger capacity to over 5 million passengers per day. Investments in roads and railways have helped Egypt improve its ranking in the road quality index to 18th globally, compared to 41st in 2019, according to the Travel and Tourism Competitiveness Index issued in 2024. Road traffic fatalities decreased by 25%, and train accidents decreased by 78.2%. In the water resources and irrigation sector, 225 projects were completed at a cost of EGP 4.8bn, including projects to rehabilitate canals, equip wells to operate on solar power, and construct lakes and earthen barriers. Al-Mashat said that approximately 18 million citizens in around 1,500 villages, 68% of whom live in Upper Egypt, have benefited from the first phase of the “Decent Life” initiative. The cost of this phase exceeds EGP 350bn, with 23,000 projects. Approximately 17,000 projects have been completed in the first phase, with an implementation rate of 86%. The development of 100 villages was completed at a total cost of EGP 21bn, benefiting 1.2 million people and improving the “rate of access to basic services” by 69 percentage points.In conclusion, Barcelona's unbeaten record against Borussia Dortmund is a testament to their quality and consistency in European competition. However, football is unpredictable, and past results do not guarantee future success. The upcoming fixture will be a crucial test for both teams, and it remains to be seen whether Barcelona can continue their dominance over Dortmund or if the German side will finally break the curse and secure a historic victory. Football fans around the world will be eagerly anticipating this showdown, as two giants of European football collide once again.
India-Middle East economic corridor to give new direction to world: Modi
While the initial rumors of the student setting fire to the car out of frustration have been debunked, the incident serves as a reminder of the importance of proper maintenance and safety precautions when operating vehicles, especially in high-stress situations such as driving tests. It also highlights the need for clear communication and transparency to prevent misunderstandings and misinformation from spreading.EXCLUSIVE: Primebook Gen 2.0 To Launch By April 2025 With AI Features
Title: Yakuza Technical Director: Remaking is Much Harder Than You Think!In the world of football, the role of substitutes can often be overlooked. While starting players receive much of the spotlight and praise, it is the substitutes who can often make a crucial impact on the outcome of a match. However, in the case of AC Milan's midfielder Riccardo Montolivo, it seems that his manager Antonio Conte rarely trusts the substitutes, and perhaps it is time for him to give them more playing time.
The Latest: Former President Jimmy Carter is dead at age 100Itanagar: Arunachal governor Lt Gen (retd) KT Parnaik has said the state has made remarkable progress in reducing multidimensional poverty , reports Joken Ete. Addressing the 72ndNEC plenary in Agartala Saturday, he said Arunachal has achieved a 166% increase in Gross State Domestic Product (GSDP) since 2015-16, along with a 321 % rise in state's own resources since 2014-15. "The people of the state take pride in being recognised as one of the ‘frontrunner states' on the Sustainable Development Goals (SDG) scorecard for 2023-2024," he said. As the country looks forward to the next 25 years of Amrit Kaal, Arunachal Pradesh is fully committed to advancing the nation's goal of realising a ‘Viksit Bharat' by 2047, he said. Parnaik said that concerted efforts are being made towards enhancing education standards in the state, right from strengthening of anganwadis and upgrading government schools, implementation of NEP 2020, and use of technology by means of smart classes and establishment of ‘Advance Learning Centers' in the districts. Speaking on tourism, the governor said the state has a wide scope to develop eco, religious and adventure tourism. He said the main focus of tourism includes creating infrastructure, skilling youth as guides and tour operators with a focus on marketing. Highlighting the progress made in agriculture and allied sector, he said the state is producing 5,04,801 metric tonnes of cereals, including millets and 5000 MT of Kiwis. He emphasized the requirement of support from the NEC of ‘Ware Houses' for the storage and carriage of cereals and Kiwi products by rail to enable marketing in the rest of the country and also for export. The governor said the state is nurturing a dynamic start-up ecosystem with the Arunachal Pradesh Innovation and Investment Park (APIIP), actively supporting investment, start-up growth, and enhancing ease of doing business. The state's UNNATI scheme is positioned to propel towards realizing our industrial potential, while the focus remains on the ‘non-polluting' industry, he said. Parnaik said the state has also made notable strides in law-and-order including launching of 14 women police stations and ‘pink patrolling' to safeguard women, and implementing GIS, AI and ML-based crime monitoring in Itanagar as a pilot project. The state's law enforcement personnel have undergone extensive training on New Criminal Laws, 2023, he said, adding our legal professionals have been trained on the New Criminal Laws to ensure preparedness for legislative changes. He said six women from the state have scaled Mount Everest and boys and girls of the state have been winning medals at national and international levels in judo, karate, wushu, and badminton. The state needs a multidisciplinary sports stadium, along with good coaches to prepare the youth for sports competitions at national and international levels, Parnaik said. He said that the issue has been raised with the Union Minister of Youth Affairs and Sports. Touching on social issues, the governor said women in Arunachal Pradesh are at the forefront of education, sports, social and welfare activities. "There are many success stories of self-help groups assisting youth under the influence of drugs, caring for special children (differently enabled, autism, destitute and orphans) and entrepreneurship. There has been a discernible increase in women participating in political activity," he said. By 2047, the governor said, ‘Our vision for Arunachal is one of leadership in technology and innovation, where growth is harmonized with sustainability and environmental stewardship'. He said efforts are being made for ‘automation' of all data at district level to enable analysis and accurate updating. Highlighting the challenges of the state, Parnaik said that financial inclusion remains a challenge in the state, as well as workforce capacity. "We are pursuing an initiative similar to Mission Karmayogi, to help enhance the skills at the grassroots-level," he said. Parnaik expressed gratitude to the Centre and the Ministry of Development of the North Eastern Region for their support to the state through NEC. He stressed that the NEC, as a knowledge institution for the North Eastern Region, could play a pivotal role in addressing these challenges and advancing development goals. - Stay updated with the latest news on Times of India . Don't miss daily games like Crossword , Sudoku , and Mini Crossword .Illawarra man begged for help before dying alone in prison cell
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