If I’d bought IAG shares a decade ago, here’s how much I’d be in profit

first_img Renowned stock-picker Mark Rogers and his analyst team at The Motley Fool UK have named 6 shares that they believe UK investors should consider buying NOW.So if you’re looking for more stock ideas to try and best position your portfolio today, then it might be a good day for you. Because we’re offering a full 33% off your first year of membership to our flagship share-tipping service, backed by our ‘no quibbles’ 30-day subscription fee refund guarantee. Click here to claim your copy now — and we’ll tell you the name of this Top US Share… free of charge! If I’d bought IAG shares a decade ago, here’s how much I’d be in profit I’m sure you’ll agree that’s quite the statement from Motley Fool Co-Founder Tom Gardner.But since our US analyst team first recommended shares in this unique tech stock back in 2016, the value has soared.What’s more, we firmly believe there’s still plenty of upside in its future. In fact, even throughout the current coronavirus crisis, its performance has been beating Wall St expectations.And right now, we’re giving you a chance to discover exactly what has got our analysts all fired up about this niche industry phenomenon, in our FREE special report, A Top US Share From The Motley Fool. jonathansmith1 has no position in any of the shares mentioned. The Motley Fool UK has no position in any of the shares mentioned. Views expressed on the companies mentioned in this article are those of the writer and therefore may differ from the official recommendations we make in our subscription services such as Share Advisor, Hidden Winners and Pro. Here at The Motley Fool we believe that considering a diverse range of insights makes us better investors. “This Stock Could Be Like Buying Amazon in 1997” Jonathan Smith | Wednesday, 17th March, 2021 | More on: IAG Our 6 ‘Best Buys Now’ Sharescenter_img Simply click below to discover how you can take advantage of this. Enter Your Email Address I would like to receive emails from you about product information and offers from The Fool and its business partners. Each of these emails will provide a link to unsubscribe from future emails. More information about how The Fool collects, stores, and handles personal data is available in its Privacy Statement. Image source: Getty Images. As an investor, I aim to think long term about the stocks I buy. This is easier said than done, especially if the stocks are quite volatile. Swings both to a high profit or a high loss can make me want to sell out. However, looking at past performance can help to show me that I can ride out short-term movements. For example, what if I’d bought shares in International Consolidated Airlines Group (LSE:IAG) exactly a decade ago?Rewinding 10 yearsI’m sure you’d agree that the world was a very different place in March 2011. Before I let my mind drift too much to those hazy days, let’s get back to business! IAG shares closed at 149p on March 18 2011, and are currently trading at 216p. So over the decade, I’d be up 45%. Annualised, this is a 4.5% return, but doesn’t include dividends. 5G is here – and shares of this ‘sleeping giant’ could be a great way for you to potentially profit!According to one leading industry firm, the 5G boom could create a global industry worth US$12.3 TRILLION out of thin air…And if you click here we’ll show you something that could be key to unlocking 5G’s full potential…Although the company isn’t currently paying a dividend, it has done for periods during the last decade, so my actual profit would be higher than just the 45% mentioned above. This return is actually very impressive, given the events that have occurred during this period. The obvious one that comes to mind is the impact of the pandemic over the past year. IAG shares started 2020 comfortably above the 400p mark, but due to lockdown and restrictions on international travel, we saw the share price tumble. Full-year 2020 results showed a revenue drop of 69.2%, with a large loss of €7.4bn.If I’d been holding IAG shares over the past year, I might have been tempted to sell. During Q4 last year, the share price dropped below 100p. At this stage, I would have been in the red. But having a long-term mindset would have come in handy. Remaining patient allowed time for the shares to recover back above 200p.Should I hold IAG shares for the next decade?Looking forward from here, is it worth holding IAG shares for another decade? Personally, I think so. Events like the pandemic are once in a generation. IAG has managed to survive the worst of it, and has taken steps to improve the balance sheet. €2.74bn of capital was raised last year to help liquidity, and non-fuel costs were cut by 37.1%.After the dip should also come the surge. So for 2021, I think IAG shares could benefit from the pent-up demand of both business and leisure travel. Beyond 2021, it’s hard to predict, but at a basic level I can’t see global demand for flying dropping significantly over the next decade. But bouncing back will still take time and this remains a risk.Yet I think the main risk for IAG shares looking forward is the decisions taken on strategy. The group has leant on long-haul flights (mainly via British Airways) as the profitable area in the fleet. Short-haul traffic via Aer Lingus relies more heavily on volume of passengers. With the recent purchase of Air Europa, I’m not sure where this sits. It’s in the top three domestic carriers in Spain, but also flies to the US and South America. I think the group needs to have a clearer vision going forward on what area to specialise in.Overall, I’d buy IAG shares now for the next decade, given the performance and resilience shown by the company. 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Some advice to PR agencies

first_img About Howard Lake Howard Lake is a digital fundraising entrepreneur. Publisher of UK Fundraising, the world’s first web resource for professional fundraisers, since 1994. Trainer and consultant in digital fundraising. Founder of Fundraising Camp and co-founder of GoodJobs.org.uk. Researching massive growth in giving. Tagged with: Individual giving Howard Lake | 18 February 2005 | News AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis Some advice to PR agenciescenter_img Professional Fundraising magazine and UK Fundraising recently lamented the poor quality of charities’ fundraising PR, at least to the trade press. It seems that there is little sign of improvement.UK Fundraising thrives on receiving useful tips and news releases from fundraisers, fundraising agencies and their PR colleagues, whether in-house or at an external agency. However, we find the overall quality of their work to be poor. Worse, some of them clearly don’t actually read this publication which they try so hard to get their clients featured in.UK Fundraising echoed Professional Fundraising magazine’s lament of the state of the fundraising press release back in September 2004. We also added our own recommendations on how charities’ fundraising PR people could help us help their clients. Advertisement  21 total views,  1 views today AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis While some have acted on it, many haven’t, so we are once again requesting the following from PR staff and agencies:never telephone us to check if your email has been received. “Did you get my email?” is the kind of call that just annoys us and wastes our time. Undelivered emails almost always bounce back to the sender: check your inbox before telephoning us and charging your charity client for the service.never email us a press release and then send a paper copy in the post a few days later. UK Fundraising has only ever published online: we much prefer emailed news releases and we have a dislike of waste and duplication, especially when charities are footing the bill.avoid posting us graphics on a CD. We dislike waste: email us your graphic, or publish it on a website so that we can choose to download it. Don’t charge charities for unnecessary CDs on our account.don’t follow up an emailed press release with a phone call: that simply repeats the function of the press release, but costs your charity client more money. Perhaps we are an unusual publisher, but we almost always let people know whether we have used their news release, when it went live, and where they can view it.avoid sending dull photos: outsize cheque handovers, even by a celebrity, just don’t excite us or our readers.avoid sending us near pro-forma news releases. We see a lot of them, so some kind of creativity usually lifts the chances of a news release making it onto our site.don’t forget to include a web address for your charity or charity client. We like to link to the charity’s website at the end of a news item, and we often visit the site to find more context for a news item. What we don’t find helpful is no web link in a news release or – worse – the PR agency’s web address and not that of their charity client.To those professional PR agencies that send us well-crafted, well-timed and interesting news items – thank you: you know you’re not included in this call to action. To everyone else, and to the charities that pay for this level of service, please ponder these suggestions. Assuming you’re actually reading this, and not just blasting us with all your charity news releases because you found us on Media Disk…Of course, if there’s anything UK Fundraising can do to make fundraising PR people’s task easier, let us know.last_img read more

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13 years in prison for physician who posted democracy article on website

first_img Vietnam sentences journalist Tran Thi Tuyet Dieu to eight years in prison Reporters Without Borders voiced outage at the action of a Hanoi court today in convicting a cyber-dissident of “spying” and sentencing him to 13 years in prison followed by three years of house arrest. The dissident, pharmacist Pham Hong Son, was detained in March 2002 after translating an article about democracy into Vietnamese and posting on the Internet.The organisation described the sentence as exceptionally heavy and said it was the outcome of a summary trial lasting just a few hours preceded by nearly 15 months of abusive detention.”By convicting Dr. Pham Hong Son, the authorities have violated the Vietnamese laws and constitution, which guarantee freedom of expression and opinion,” Reporters Without Borders secretary-general Robert Ménard said, accusing the authorities of using the charges of “spying” and endangering “national security” to systematically crush all dissent.Ménard called on President Tran Duc Luong to intervene with the judicial authorities to obtain a review of his trial and his release. He said Reporters Without Borders would also alert the international organisations to which Vietnam belongs, including ASEAN and the International Organisation of French-Speaking Countries, about the case.Police surrounding the Hanoi people’s court today prevented journalists from attending Dr. Pham’s trial, which last less than half a day. A group of six diplomats from the embassies of the United States, Canada, Australia and several EU countries, who had registered their request to attend, were also barred from the courtroom.The indictment, dated 10 April 2003, accused Dr. Pham of contacting dissidents in Vietnam and abroad, endorsing the views of these dissidents and “becoming a supporter of the action plan to use press freedom and democracy to defend pluralism and the multiparty system.” The article on democracy for which he was arrested – which he took from the website of the US embassy in Vietnam – was described as an “anti-party and anti-government document” One of the diplomats waiting outside the courtroom described the sentence as “abnormally harsh.” A physician and marketing director of a pharmaceutical company, Dr. Pham has been held in a prison near the capital since his arrest on 27 March 2002. Little is known about the conditions in which he has been held. For the first four months after his arrest, it was not known where he was, and neither his family or his lawyer were allowed to visit him.Prior to translating and posting the US embassy article, Dr. Pham had written and posted several other articles in favour of democracy and human rights on Vietnamese discussion forums.Five cyber-dissents are currently detained in Vietnam. Two of them were sentenced during the last two months of 2002 to prison terms of four and 12 years. Another is under house arrest. VietnamAsia – Pacific News Follow the news on Vietnam RSF_en Organisation April 22, 2021 Find out more to go further News June 18, 2003 – Updated on January 20, 2016 13 years in prison for physician who posted democracy article on websitecenter_img News VietnamAsia – Pacific April 27, 2021 Find out more Help by sharing this information News RSF laureates support jailed Vietnamese journalist Pham Doan Trang Receive email alerts Three more independent reporters arrested in Vietnam April 7, 2021 Find out morelast_img read more

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Here to Impact lunch meeting

first_img By admin – January 31, 2018 H2i Coalition logo Twitter H2i CoalitionThe H2i Coalition has scheduled a Here to Impact lunch meeting from 11:45 a.m. to 1 p.m. Thursday at the Permian Basin Regional Council On Alcohol & Drug Abuse, 120 E. Second St.H2i engages and serves the community through education and prevention of alcohol, tobacco and other drugs.The H2i Coalition (Here 2 impact Ector County) is a program of the PBRCADA.Lunch will be provided.RSVP with Sara Tomlinson at [email protected] more information, call 432-333-4100. Facebook Pinterest Local News Facebookcenter_img WhatsApp Twitter Here to Impact lunch meeting Previous articleGUEST VIEW: The flu bug — Don’t touch porn stars, celebrities or politiciansNext articleTEXAS VIEW: Start planning to vote in primary elections admin Pinterest WhatsApplast_img read more

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Wells Fargo Commits $10M to Philadelphia

first_imgHome / Daily Dose / Wells Fargo Commits $10M to Philadelphia The Week Ahead: Nearing the Forbearance Exit 2 days ago Wells Fargo Commits $10M to Philadelphia Governmental Measures Target Expanded Access to Affordable Housing 2 days ago December 17, 2019 2,501 Views Servicers Navigate the Post-Pandemic World 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Share Save Previous: How Mortgage Default Rates Are Trending Next: Wolters Kluwer Gains Industry Recognition About Author: Krista F. Brock Data Provider Black Knight to Acquire Top of Mind 2 days ago Related Articles in Daily Dose, Featured, Investment, News Subscribe  Print This Post Data Provider Black Knight to Acquire Top of Mind 2 days ago Sign up for DS News Daily Krista Franks Brock is a professional writer and editor who has covered the mortgage banking and default servicing sectors since 2011. Previously, she served as managing editor of DS News and Southern Distinction, a regional lifestyle publication. Her work has appeared in a variety of print and online publications, including Consumers Digest, Dallas Style and Design, DS News and DSNews.com, MReport and theMReport.com. She holds degrees in journalism and art from the University of Georgia. The Best Markets For Residential Property Investors 2 days ago 2019-12-17 Seth Welborn The City of Philadelphia and Wells Fargo announced Monday they reached a “Collaboration Agreement” regarding a lawsuit the city brought against the bank in 2017. While Wells Fargo denies the city’s allegations that it violated the Fair Housing Act by discriminating against minorities in its mortgage lending division, the bank has agreed to contribute $10 million to housing-related programs in the city.The lawsuit alleged Wells Fargo violated the Fair Housing Act from 2004 to 2014 by writing high-risk, high-interest loans to minority borrowers even when they qualified for more favorable loans. These loans later experienced a higher rate of foreclosures than other loans in the city, according to the lawsuit.Wells Fargo “vigorously denied the allegations,” according to a statement released Monday from the Philadelphia mayor’s office.In fact, Wells Fargo’s Region Bank President for Greater Philadelphia, Joe Kirk, stated with the Monday announcement, “Wells Fargo has been the largest provider of loans to help low- and moderate-income families in Philadelphia achieve the dream of homeownership, and our efforts have gone well beyond making loans.”Kirk pointed out the bank has partnered with nonprofits in the city to provide more than $15 million to causes such as down payment assistance, local homebuying education, and more.Philadelphia Solicitor Marcel S. Pratt said Monday, “The resolution will provide much needed benefits to the City’s low- and moderate-income residents—most significantly by enabling homeownership, which is one of the most effective ways that families can accumulate wealth in America.”“One of the advantages of this resolution is that we secured valuable benefits that would not have been available through pursuing our litigation for City government’s injuries under the Fair Housing Act,” he added.Philadelphia Mayor Jim Kenney said, “This agreement brings substantial support to the very communities that most need this assistance.”The $10 million from Wells Fargo will not go to the city of Philadelphia but rather directly to nonprofits and grants for homeowners.Most of the money—$8.5 million—will go to down payment and closing cost assistance for low- and moderate-income borrowers. The aid will be distributed by the Philadelphia Housing Development Corporation.Then $1 million will go toward foreclosure prevention, and $500,000 will go to Philadelphia’s land care program to help clear and maintain vacant lots.“The efforts funded through these grants are consistent with Wells Fargo’s broader philanthropic strategy, which includes a $1 billion commitment over the next six years to address the U.S. housing affordability crisis,” Kirk said.In addition to the financial commitment, Pratt said, “We are also pleased that—beyond financial relief—the City and Wells Fargo will collaborate on a novel ‘Understanding Philadelphia’ program. Through the program, we hope to explore new ways to promote increased homeownership in Philadelphia and remove any impediments that exist.” Demand Propels Home Prices Upward 2 days ago The Best Markets For Residential Property Investors 2 days ago Demand Propels Home Prices Upward 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days agolast_img read more

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Donegal IFA calls for Climate Change Bill to be scrapped

first_img RELATED ARTICLESMORE FROM AUTHOR WhatsApp Facebook Almost 10,000 appointments cancelled in Saolta Hospital Group this week Business Matters Ep 45 – Boyd Robinson, Annette Houston & Michael Margey Google+ Pinterest Calls for maternity restrictions to be lifted at LUH Donegal IFA calls for Climate Change Bill to be scrapped Newsx Adverts Previous articleIrish Government funding of A5 up for discussion at North/South meetingNext articleGovernment reaffirms commitment to fund Altnagelvin Cancer Centre News Highland Google+center_img Pinterest WhatsApp The IFA is calling for the proposed Climate Change Bill to be abandoned in light of the setting of a date for the general election.Earlier this week, the Oireachtas Agriculture Committee called for the bill to be put on hold, expressing concern about some of the restrictions it would impose.the IFA says the bill is ill-timed and badly-thought, with the association’s Donegal president saying the last thing farmers need is more restrictions. Guidelines for reopening of hospitality sector published Three factors driving Donegal housing market – Robinson By News Highland – January 21, 2011 Twitter Facebook LUH system challenged by however, work to reduce risk to patients ongoing – Dr Hamilton Twitterlast_img read more

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Supply Of Services Outside India By “Intermediaries” Not Export, And Hence, Subject To IGST: Gujarat HC [Read Judgment]

first_imgNews UpdatesSupply Of Services Outside India By “Intermediaries” Not Export, And Hence, Subject To IGST: Gujarat HC [Read Judgment] Mehal Jain31 July 2020 10:53 PMShare This – xThe Gujarat High Court has ruled that supply of services outside India by “intermediaries” in India is not an export, thereby continuing their liability of 18% IGST . Justices J. B. Pardiwala and Bhargav D. Karia, while upholding the validity of section 13(8)(b) read with Sections 2(13) (which defines intermediary service) of the IGST Act, 2017, asserted that the service provided by…Your free access to Live Law has expiredTo read the article, get a premium account.Your Subscription Supports Independent JournalismSubscription starts from ₹ 599+GST (For 6 Months)View PlansPremium account gives you:Unlimited access to Live Law Archives, Weekly/Monthly Digest, Exclusive Notifications, Comments.Reading experience of Ad Free Version, Petition Copies, Judgement/Order Copies.Subscribe NowAlready a subscriber?LoginThe Gujarat High Court has ruled that supply of services outside India by “intermediaries” in India is not an export, thereby continuing their liability of 18% IGST . Justices J. B. Pardiwala and Bhargav D. Karia, while upholding the validity of section 13(8)(b) read with Sections 2(13) (which defines intermediary service) of the IGST Act, 2017, asserted that the service provided by an intermediary in India cannot be treated as “export of services” under the IGST Act, 2017. Sub-section 8 of Section 13 states that the place of supply of the services shall be the location of supplier of services in case of banking company, intermediary services and services consisting of hiring of means of transport. “It therefore, appears that the basic logic or inception of section 13(8)(b) of the IGST Act,2017 considering the place of supply in case of intermediary to be the location of supply of service is in order to levy CGST and SGST and such intermediary service therefore, would be out of the purview of IGST”, asserted the bench, adding that there is no distinction between the intermediary services provided by a person in India or outside India. “Only because, the invoices are raised on the person outside India with regard to the commission and foreign exchange is received in India, it would not qualify to be export of services, more particularly when the legislature has thought it fit to consider the place of supply of services as place of person who provides such service in India”, stated the bench. The court, however, left it open for the State and the tax department to consider the representation made by the petitioner so as to redress its grievance in consonance with the provisions of CGST and IGST Act. Facts The petitioner has challenged the constitutional validity of Section 13(8)(b) (pertaining to intermediary services) of the Integrated Goods Service Tax Act, 2017, seeking refund of IGST paid on services provided by the members of the petitioner association and to their clients located outside India. The petitioner is an association of recycling industry engaged in manufacture of metals and casting etc., for various upstream industries in India. The members of the petitioner also act as agents for scrape, recycling companies based outside India engaged in providing business promotion and marketing services for principals located outside India. The members of the petitioner also facilitate sale of recycled scrap goods for their foreign principals in India and other countries. Thus, the members of the petitioner association not only deal with goods sold by foreign principals to customers in India but also facilitate sale of goods by foreign principals in non-taxable territory to their customers, who are also located in non-taxable territories. The members of the petitioner association are registered as “Taxable Person” under the provisions of the Central Goods & Service Tax Act, 2017. It was the case of the petitioner that the members of the petitioner association have no role to play in the actual sale and purchase of recycled scrap as the goods supplied by foreign clients to its purchasers are directly shipped by the foreign client to the Indian or overseas purchaser and thereafter, such goods are cleared by the purchaser from the Customs authorities on its own account. The foreign members of the petitioner association raises sales invoice in the name of the purchaser and the purchaser who may be either Indian or overseas directly remits the sale proceeds to the foreign client. According to the petitioner, member of the petitioner association receives only the commission upon receipt of sale proceeds by its foreign client in convertible foreign exchange. The members of the petitioner association raise invoices upon its foreign client for such commission received by them. Thus, according to the petitioner, the transaction entered into by the members of the petitioner association is one of export of service from India and earning valuable convertible foreign exchange for the same. According to the petitioner, IGST cannot be levied on the members of the petitioner association, who are engaged in the transaction of export of service as stated above as the petitioner members’ export of services is covered by the Section 16(1) of the IGST Act, 2017 which provides for “zero rated supply” . Observations The bench noted that the introduction of Goods and Service Tax in India in the year 2017 is with an object of providing one tax for one nation so as to harmonize the indirect tax structure in the country. For the said purpose, the Constitution is amended by the Constitution (One Hundred First Amendment) Act, 2016 to introduce Article 246A which provides for special provision with respect to Goods and Service Tax. Article 246A begins with a non-obstante clause stipulating that notwithstanding anything contained in Articles 246 and 254, the parliament, and subject to Clause-2, Legislature of every State, have power to make laws with respect to Goods and Service Tax imposed by the Union or by such State. Clause 2 of Article 246A empowers the parliament, who has exclusive power to make laws with respect to goods and services tax where the supply of goods or of services or both takes place in the course of inter State trade or commerce. “Thus, the parliament has exclusive power under Article 246A to frame laws for inter State supply of goods of services. The basic underlying change brought in by the GST regime is to shift the base of levy of tax from point of sale to the point of supply of goods or service”, observed the bench. “In that view of the matter, Section 13(8)(b) of the IGST Act,2017 which is framed by the parliament in consonance with the Article 246(2) of the Constitution of India is required to be considered”, concluded the court. The bench appreciated that Section 8 of the IGST Act, 2017 provides for intra-State supply so as to take care for the supply of goods to or by a special economic zone and the goods imported in the territory of India till they cross the Custom in India. Section 8 is subject to provision of Section 10 of the IGST Act,2017 where as Section 12 of the IGST provides for the place of supply of services where the location of supplier and recipient is in India. Section 12(2)(b) stipulates that the place of supply of service made to any person other than registered person shall be the location of the recipient where the address on record exists and location of supply of service in other cases. Section 13 of IGST Act,2017 stipulates that the place of supply of services where the location of the supplier of services or the location of the recipient of services is outside India. Sub-section 2 of Section 13 stipulates that the place of supply of service except the services described in sub-section 3 to 13 shall be the location of the recipient of the services and if the location of recipient of service is not available in the ordinary course of business, the place of supply shall belocation of supplier of service. “Thus, sub-section 3 to 13 carves out an exception to the place of supply of services to be the place of recipient of services where the location of supplier or location of recipient is outside India”, reflected the bench. On perusal of provision of Section 13 of IGST Act,2017, the court noted that sub-section 3 to 13 thereof provide different eventualities to determine the place of supply of services. Intermediary services is defined in Section 2(13) of IGST Act,2017 which means a broker, an agent or any other person, by whatever name called, who arranges or facilitates the supply of goods or services or both, or securities, between two or more persons, but does not include a person who supplies such goods or services or both or securities on his own account and accordingly, when intermediary services are provided by brokers, the place of supply could be either the location of service provider or the service recipient. “The petitioner has tried to submit that the services provided by a broker outside India by way of intermediary service should be considered as ‘export of services’ but the legislature has thought it fit to consider such intermediary services; the place of supply would be the location of the supplier of the services. In that view of the matter, it would be necessary to refer to the definition of ‘export of services’ as contained in Section 2(6) of the IGST Act, 2017 which provides that export of service means the place of service of supply outside India”, said the bench. On a Conjoint reading of Section 2(6) and 2(13), which defines export of service and intermediary service respectively, the bench found that the person who is intermediary cannot be considered as exporter of services because he is only a broker who arranges and facilitate the supply of goods or services or both. Accordingly, exemption is granted in IGST rates from payment of IGST in respect of services provided by intermediary in case the goods are supplied in India. “There is no deeming provision as tried to be canvassed by the petitioner, but there is stipulation by the Act legislated by the parliament to consider the location of the service provider of intermediary to be place of supply. Similar situation was also existing in service tax regime w.e.f. 1st October 2014 and as such same situation is continued in GST regime also. Therefore, this being a consistent stand of the respondents to tax the service provided by intermediary in India, the same cannot be treated as “export of services” under the IGST Act,2017 and therefore, rightly included in Section 13(8) (b) of the IGST Act to consider the location of supplier of service as place of supply so as to attract CGST and SGST”, ruled the bench. The contention of the petitioner that it would amount to double taxation was not found tenable in eyes of law because the services provided by the petitioner as intermediary would not be taxable in the hands of the recipient of such service, but on the contrary a commission paid by the recipient of service outside India would be entitled to get deduction of such payment of commission by way of expenses and therefore, it would not be a case of double taxation. “If the services provided by intermediary is not taxed in India, which is a location of supply of service, then, providing such service by the intermediary located in India would be without payment of any tax and such services would not be liable to tax anywhere”, stated the bench, adding that in such circumstances, the contentions raised on behalf of the petitioner are not tenable in view of the Notification No.20/2019 issued by the Government of India, Ministry of Finance whereby Entry no.12AA is inserted to provide Nil rate of tax granting exemption from payment of IGST for service provided by an intermediary when location of both supplier and recipient of goods is outside the taxable territory i.e. India. “Therefore, the respondents have thought it fit to consider granting exemption to the intermediary services viz. service provider when the movement of goods is outside India”, observed the bench, ruling that it cannot be said that the provision of Section 13(8)(b) r.w. Section 2(13) of the IGST Act,2017 are ultra vires or unconstitutional in any manner.Click Here To Download Judgment[Read Judgment]Subscribe to LiveLaw, enjoy Ad free version and other unlimited features, just INR 599 Click here to Subscribe. All payment options available.loading….Next Storylast_img read more

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Woman hospitalised following hit and run in Portsalon

first_img Facebook Arranmore progress and potential flagged as population grows By News Highland – August 6, 2017 Facebook Google+ Important message for people attending LUH’s INR clinic WhatsApp Pinterest A woman in her 40s has been taken to hospital following a hit and run in Portsalon.Gardai in Milford have launched an investigation after the 42 year-old woman was struck by a vehicle at approximately 3am this morning.The woman was taken to Letterkenny University Hospital with suspected head injuries, her condition is unknown.Gardai have confirmed that the vehicle has been located and is currently being technically examined.No arrests have been made but Gardai say a definite line of inquiry is being pursued. Nine til Noon Show – Listen back to Monday’s Programme Twitter WhatsAppcenter_img Loganair’s new Derry – Liverpool air service takes off from CODA RELATED ARTICLESMORE FROM AUTHOR Pinterest Twitter Woman hospitalised following hit and run in Portsalon Previous articleDonegal GAA Results; Sunday 6 August 2017Next articleMoney saved to cover funeral costs stolen from property in Derry News Highland Google+ Publicans in Republic watching closely as North reopens further Community Enhancement Programme open for applications Homepage BannerNewslast_img read more

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9-year-old takes bag conveyor belt to screening area, airport investigating

first_imgbaona/iStock(MINNEAPOLIS) — A group of 20 people were checking their bags at Minneapolis-St. Paul International Airport on Saturday when a 9-year-old boy in the group slipped past his parents and jumped onto the bag conveyor belt.Delta Air Lines personnel “tried to reach for the boy” to prevent him from entering the luggage screening and sorting area, according to a statement from the airport, but “they were unable to stop him.”Within seconds, the Delta employees shut down the conveyor belt. But the boy was able to move onto another operational conveyor belt that took him to the area where checked bags are screened.It took less than four minutes for airport police to locate the child. Authorities returned him to his parents, and airport officials said he did not suffer any injures.The airport said it is “investigating the matter” and that it “will work with Delta Air Lines on options to help prevent a recurrence of the situation.”Surveillance cameras captured the boy’s short journey through the baggage system.A similar incident in July 2019 was also captured on surveillance — a 2-year-old boy was injured after he snuck past an airport counter and ended up on a baggage conveyor belt.That boy’s mother, Edith Vega, set him down for a moment to print out a boarding pass at a kiosk near the Spirit Airlines counter at the Hartsfield-Jackson Atlanta International Airport when the toddler took off, Vega told ABC Atlanta affiliate WSB-TV.By the time she looked up, it was too late, and her son, Lorenzo, was moving away on the belt, Vega said.“He just went a long ride away,” she said. “I couldn’t even catch up.”Lorenzo’s journey on the belt was full of twists and turns, and it ended five minutes later in the Transportation Security Administration baggage room, Vega said.His right arm was fractured in the incident, Vega said. It is unclear how he sustained the injury.“I’m thankful he’s alive,” Vega said. “I’m just grateful he’s here. I just hope he gets better.”TSA and airport officials said they were investigating the incident at the time.Copyright © 2021, ABC Audio. All rights reserved.last_img read more

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Mud, mirth and beyond

first_imgEver wondered what goes on in those bits of the festival that are rarely shown on TV? Months ago you were up at three in the morning to buy your one festival ticket. You bought all you needed for a weekend camping (one tent, two wellies, and a lot of baby wipes); you set up tent well away from the portaloo and made your way down to the main stage. So there you are with a crowd of expectant faces when Lucie Silvas appears. Disaster! You throw your hands up in frustration, scream with consternation and turn away in disgust. But wait. What do you see but a whole world of other stalls and stands? You’ve found the festival beyond the music.Of course not everyone must go through this strange but comforting ritual to discover the background delights of festivals. Most see them as they walk in, or read about it in the programme, or wake up with a hangover and only one sock in the middle of a circus. But sooner or later everyone comes to explore the other side.And it’s not just a set of empty diversions for those who got corporate tickets, or lost. The other attractions are what give a festival its colour and complexion. After all, they all have big bands, stages, fences, crowds and even bigger security guards. They all make lots of money, though they do give it to different people (Oxfam, Greenpeace and Richard Branson invariably). It’s what they have going on around all this that makes each festival individual and unique.The hippy granddaddy of the festival is, of course, Glastonbury. Originating, no doubt, in ancient times, Glastonbury has long been a centre of the slightly weird to the downright barmy. And the festival, while centering around the music, has a truly awesome amount of space devoted to every form of performing art imaginable, and a few beyond that.There are traditional and folk music acts, circuses, mimes, jugglers, stilt walkers, burger salesmen, hippy priests, and old women who will sell you homemade cookies at competitive prices. In the vast fields devoted to the great, the random, and the odd, you can discover unique politics, philosophies and religions. You can bask in the ludicrous, the self indulgent and the crazy. You can marvel at the talents, abilities and skills on display. You can wonder at why a man taught himself to juggle twelve balls at a time in a perspex box. Truly it is a celebration of the limits of mind, body and soul.As the first of the many fresh-faced festivals, the V Festival is the trendy, easy going, well off, new liberal, middle-class, mud-hating, blow-up sofa bringing place to be on one weekend in mid-August. Not as extensive as Glastonbury, the other side of the V festival is dominated by the absolute basics – food and beer.That’s not to say there aren’t a couple of smaller stages devoted to the up-and-coming or down-and-leaving bands of the day (where else are you likely to see a woman in a heart-shaped hat playing a xylophone?). Their funfair provides endless fun to the drunk and bored, and very reasonable prices if you happen to have lots of disposable income cluttering up your bank account.The skateboarders add a youthful edge (especially if you grew up in the late 1980s) and the padding and armour they wear just adds to the sense of danger and risk, when they stand about doing nothing all day. So, maybe not enlightenment but certainly a lightening of the wallet is the order of the day at V.And finally, the grown-up anarchist rocker enjoying his weekend before being an IT consultant again is the Leeds/Reading chaos. Here can be found plenty of stages, plenty of alcohol and plenty of weirdly, wonderfully and woefully dressed rock fans. Beer riots and tent fires are not unknown. Sporting takes the form of the bottle throw, the fifty metre crowd surf and the classic mud wrestling. All in good spirits (and bad lagers), Reading and Leeds festival-goers have a focus beyond that of the common man.And so, as we reflect on the past festival season and our brief tour, it seems Lucie Silvas has done us a great favour. Exploring the other side of festivals can be more than a way to pass the time, it can be an exploration of the true essence of a festival – get a load of people in a field and let them act like the music-loving crazy people that they are.ARCHIVE: 0th week MT 2005last_img read more

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