Schulz tax plan under fire

first_img“With increases in taxation we will also harm the middle class, which is so important for Germany,” said Gerda Hasselfeldt, the deputy chairperson of the Christian Democratic Union of Germany (CDU) and Christian Social Union in Bavaria (CSU) parliamentary group and chairwoman of the Bundestag group of CSU parliamentarians.”How Schulz wants to finance all his nice promises of better education and free daycare with this submissive tax plan, he probably doesn’t even know himself,” Sahra Wagenknecht from the far-left Die Linke told Welt.Schulz has been falling further behind Merkel in the race to become Germany’s next chancellor in recent polls. German industry groups have slammed Social Democrat leader Martin Schulz’s plan to tax the rich more, local media reported Tuesday.Eric Schweitzer, head of the German Chamber of Industry and Commerce, said the plan would harm small and medium-sized companies. “This hinders innovation and investments,” Schweitzer said, according to Frankfurter Allgemeine Zeitung.Other political parties have also come out against the proposal from Schulz, who is challenging German Chancellor Angela Merkel in the country’s September general election.last_img read more

Foreign currency

first_img Standard Chartered Bank v Ceylon Petroleum Corporation: QBD (Comm) (Mr Justice Hamblen): 1 August 2011 Interest – Court ordering award to claimant in US dollars – Judgments Act 1838 Pursuant to a substantive judgment delivered by the court in July 2011 (see[2011] All ER (D) 113 (Jul)), the court delivered a further judgment on the level of post-judgment interest payable to SCB. The issues were: (i) whether the post-judgment interest payable to SCB of $166,476,281 ordered to be paid was to be calculated by reference to: (a) the rate under the Judgments Act 1838; (b) the US prime rate; or (c) the contractual rate (see [7] of the judgment for the relevant term); and (ii) whether the 1838 act rate of interest payable on SCB’s costs should be postponed or apply from the date of the order. Consideration was given to section 44 of the Administration of Justice Act 1970. The court ruled: (1) On the true construction of the contract, it was not to be construed as an agreement that SCB would not be entitled to interest under the 1838 act. The inclusion of an English jurisdiction clause was not sufficient reason for the court to refuse to exercise its statutory discretion. If it was, it would exclude the discretion under section 44 of the 1970 Act in many cases. The discretion was there to enable the court to award interest at a rate appropriate to the currency in question. In the circumstances, it was appropriate for the court to exercise its discretion so as to award interest at a rate suitable for the currency of the judgment. Consequently, the appropriate rate would be the US prime rate (see [13], [21]-[23] of the judgment). (2) It was established law that the court should not routinely make an order postponing the date for liability under the 1838 act and it was necessary to justify a departure from the usual rate (see [27] of the judgment). In the circumstances, in respect of the payment on account which had been ordered, interest would accrue at the 1838 act rate. In respect of the disputed balance, in the exercise of the court’s discretion, a limited postponement of the application of that higher rate was justified and a four month postponement would be ordered (see [29] of the judgment).center_img Robin Dicker QC and Jonathan Goldring (instructed by Linklaters) for the SCB; Ali Malek QC, Clive Freedman and James MacDonald (instructed by Gibson & Co) for the CPC.last_img read more

Carib Chief calls for more productivity in Territory

first_imgCarib Chief, Charles Williams (Press Attache photo)Newly sworn in Carib Chief, Charles Williams has called for more productivity within the Carib Territory.Williams, who addressed the ceremony to inaugurate the new chief and council on August 22, 2014, urged residents to utilize the vacant lands for agricultural purposes as a source of income.“We have to be a little more productive, we have to be a little more responsible, we have to be a little more working people”.“When you drive through the Carib Territory from one end to the other, order than the few coconut trees that you see, all the land is practically looking vacant,” he said.Chief Williams says residents must plant other crops beside bananas, in order to revive agriculture in the Carib Territory.“It is true that the banana industry went down and we have not found an agricultural crop that can replace the banana industry for us to bring back the kind of life that we were enjoying under the banana industry, there are other crops that we can still grow to put food on our table”.The Chief noted that the lack of jobs among residents there has forced young men and women into illegal activities.“When I look around, and I see the young men and women, six o’clock in the morning a young man coming by my home drunk”.“Drugs and alcohol is having a disastrous effect on the minds of the young people, because we do not have meaningful employment in the Carib Territory some of us think that all is gone,” Chief Williams said.He encouraged the residents of the Territory that all is not lost and that they should find positive things to occupy their time and energy.Dominica Vibes News Sharing is caring! Tweet LocalNews Carib Chief calls for more productivity in Territory by: – August 25, 2014 Sharecenter_img 99 Views   no discussions Share Sharelast_img read more

QPR boss Warburton insists season must be completed

first_img Follow West London Sport on TwitterFind us on Facebook QPR manager Mark Warburton has insisted that the football season must be completed – even if it means the structure of the following season is radically altered.English football matches have been suspended until 30 April because of the coronavirus epidemic.AdChoices广告However, it is widely expected that games will not resume on that date or in the near future.There have been suggestions that the season could even be cancelled.But Warburton says that must not happen – even if major changes are made in order for the season to be completed.“I get really frustrated,” he told the Press Association.“You can’t have this global pandemic and expect nothing to change.“You have to feel change somewhere. We need to finish this season and I can’t believe in some places what I am reading (about cancelling the season).“For the integrity of the game, for the fans, they need this season to finish – so we do that.”Truncated 2020-21 season?The season being completed in the autumn or even later would then create another issue: how to complete the 2020-21 campaign before next year’s European Championships, which have been put back a year because of the coronavirus crisis.Warburton believes the football authorities need to be creative in order to come up with solutions.“If that means we finish everything by November 1, we say the new season would start December 1,” he said.Warburton’s QPR side are six points from the Championship play-off places“There is a four-week transfer window, we deal with it. Then we have got from December 1 to say, through to May 21, we have got to put our season into there.“What do we do? A one-season different format? Do you have a knockout type where the top-half go into play-offs? A different format for one season to recognise the fact we have faced an unprecedented social event?“We are going to have some pain, people might not like it, but we just have to finish this season.“We can’t have 80 percent of the season done and write it off, when I saw some of the comments I just found them to be ludicrous, I really did.”‘Uncharted territory’Above all, Warburton says, football clubs need a realistic possible re-starting date for this season.He said: “Football is one tiny, micro part of what is going on in the world but when they have some clarity of the resumption of the league programme then we can all work towards that day.“If they say September 1, for example, I think if we know that is the start date then August 1 the players return. It is a way away but would respect the health situation and, God willing, gives time for all this to peak and pass.“It gives fans, players, staff to work towards and that is what we need right now – it is the uncertainty causing the anxiety in most people at the moment.“There are some very, very smart minds on these big committees but if I am in charge of one of those committees right now we are agreeing a date.“We agree that football will resume, use that date September 1 again, so four weeks earlier all clubs agree to bring their players back and have a level playing field.“At least that is in the diary, all contracts are extended. The league season can’t be finished over 11 weeks – it could be eight games in three weeks, if that is what it is don’t complain about it, it would be the same for everybody.“If there is a dramatic improvement health-wise, the clarity would still be there. Follow the same process and it goes from September 1 to August 1, no issues.“We have got to be flexible because we are facing uncharted territory and the more uncertainty we have – meeting and saying April 30, meet again and say May 15, then June 1 – it just delays the inevitable, makes the wait all the more tedious, the uncertainty greater and increases the anxiety for so many people.”[scriptless] See also:Warburton and Ferdinand among staff taking pay cut at QPRQPR boss Warburton doubts there will be transfer windowLeistner: I won’t be returning to QPRlast_img read more