Posts Tagged ‘My Views’
Loud Thinking October 16, 2013 at 08:30PM
October 16th, 2013 | 
Author: Al-Hamd-o-Lill-Allah, at the end of the 3rd days play of the 1st Test match, between Pakistan (6th ranked) and the world number one ranked team South Africa, Pakistani team has a vice like grip over the match.
There are bright chances that the match may end in Pakistan’s favour, even on the 4th day Tomorrow.
Loud Thinking October 16, 2013 at 07:38PM
“Anyone who believes the competitive spirit in America is dead has never been in a supermarket when the cashier opens another check-out line.”
— Ann Landers
Loud Thinking October 16, 2013 at 06:42PM
“New beginnings are often disguised as painful endings.”
Lao Tzu (600-531);
philosopher
Loud Thinking October 16, 2013 at 01:52PM
A Bonanza News for the NAB in Pakistan…!
Switzerland to automatically share tax information with India, others
A TOI news.
GENEVA/NEW DELHI: In a major boost for India and other countries seeking details on suspected black money stashed in Swiss banks, Switzerland on Tuesday agreed to automatic exchange of information and mutual administrative assistance in tax matters with overseas authorities.
The development, which virtually pulls down the famed secrecy wall surrounding Swiss banks, would lead to Switzerland providing all forms of mutual assistance – exchange on request, spontaneous information sharing, tax examinations abroad, and assistance in tax collection.
Switzerland has been facing intense global pressure to cooperate with overseas authorities to share information about accounts in its Swiss banks, which have long been known to be misused by entities from across the world, including from India, for evading taxes in their local jurisdictions.
Buckling under the international pressure, Switzerland signed OECD’s Multilateral Convention on Mutual Administrative Assistance in Tax Matters.
The convention, which has now been signed by 58 countries, including India, provides for sharing of information and mutual cooperation among all its signatories.
Paris-based OECD (Organisation for Economic Cooperation and Development), is an international policy-advisory body that has formulates global tax standards to fight tax evasion and concealment of illicit funds.
According to latest official figures released by Swiss National Bank, total funds held by Indians in Swiss banks fell to a record low level of about Rs 9,000 crore (1.42 billion Swiss francs) at the end of 2012, from about Rs 14,000 crore (2.18 billion Swiss francs) a year ago.
The overall funds held in Swiss banks by entities from across the world also fell from USD 1.65 trillion to $1.5 trillion during 2012.
Announcing Switzerland’s signature to its multilateral convention, OECD said it provides the option to undertake automatic exchange while requiring an agreement between the parties interested in this form of assistance.
“With the support of the G20, automatic exchange is becoming the new international standard, and Switzerland adheres to an instrument that will allow it, in due time, to join the jurisdictions that will decide to exchange financial information automatically,” it added.
The signing comes after the Swiss Federal Council, the highest policy making authority of the country, approved this Convention on October 9, 2013.
OECD secretary general Angel Gurria said Switzerland’s adherence to the Convention will help the country resolve the issues identified in its Peer Review by the Global Forum on Transparency and Exchange of Information.
The review that found deficiencies in Switzerland’s mechanism to deal with global requests for tax information.
Switzerland’s ambassador to the OECD Stefan Fluckiger said: “Switzerland has been committed to complying with international standards in tax matters since March 2009.”
“The signing of the Convention confirms Switzerland’s commitment to the global fight against tax fraud and tax evasion with a view to safeguarding the integrity and reputation of the country’s financial centre,” he said.
The signatories to the convention also include Canada, China, France, Italy, Japan, Korea, Luxembourg, Netherlands, New Zealand, Russian Federation, Saudi Arabia, Singapore, South Africa, UK and the US.
The jurisdictions covered by the convention through territorial extension include Sint Marteen, Cayman Islands, Montserrat and Turks and Caicos.
The sharp decline in Indian money in Swiss banks during 2012 followed a significant increase in the previous year, when such funds had risen for the first time in five years.
In a White Paper on black money tabled in the Parliament last year, the government said that total liabilities of Swiss banks towards Indians have been coming down since 2006 and fell by more than Rs 14,000 crore during 2006-2010 period.
Loud Thinking October 16, 2013 at 01:21PM
Consider Past Business Cases Before Preparing Your Own
To get buy-in from stakeholders on your business case, you need to tell a compelling story in a way they’ll understand. To create a winning presentation, find out what past presenters have done. This will give you ideas and a sense of what stakeholders may expect. Reach out to co-workers who have recently developed business cases and ask to see their documents. Get at least three or four cases that were approved so you can identify similarities. Did your colleagues use PowerPoint or Word? How did they describe the business need? What kind of data did they include? Get your hands on a few rejected cases, if you can, to see what their project leads did differently. Did they fail to address risk? Were their documents too long, or not substantial enough? You’ll learn a lot about what not to do.
Adapted by HBR from the HBR Guide to Building Your Business Case eBook + Tools.
Loud Thinking October 15, 2013 at 10:06PM
An open letter to the CEO ICC
Dear Mr. David John Richardson
CEO ICC
Greetings.
I take this opportunity to urge upon the ICC, to immediately impose a penalty of suitable ban (s) from Test matches, on South African captain GC Smith, for claiming a false catch of Misbah ul Haq, on the 2nd day (Tuesday,15 October, 2013) of the 1st Test match, being currently underway at Dubai, just like Ramdin, the West Indian Wicket Keeper, was punished by the ICC, for the same offence very recently, during the Champions Trophy in June, 2013; and also in the past Rashid Latif was imposed a 5 matches ban in the year 2003, for claiming a false catch of Alok Kapali, of Bangladesh’s team in 3rd Test match at Multan.
I firmly hope that it will not be a case of “what is good for goose is NOT good for the gander” and as the late world’s one of the famous commentator, Mr. Omar Qureshi once said “When a Pakistani umpire committed a mistake, it was called cheating and when foreign umpires did the same mistake, it was called a human error”.
Best regards,
Syed Nayyar Uddin Ahmad
Loud Thinking October 15, 2013 at 06:20PM
I strongly urge upon the ICC to impose a penalty of ban from Test matches, on South African captain Mr. Smith, for claiming a false catch of Misbah ul Haq, just like Mr. Rashid Latif was banned, under exactly the same situation and circumstances.
