Tobin tax would hurt Belgian cross-border IORP appeal – PensioPlus

first_imgA spokesperson for the minister, Johan Van Overtveldt, said the government had not yet received the text from the European Commission and would only come up with the timing of a decision after seeing the proposal.PensioPlus on Friday said applying an FTT would have a “devastating” impact on Belgian pension funds and a net loss for pension fund members.The “inevitable consequence”, according to a statement from the association, would be that Belgium would lose all “power of attraction” as a destination for cross-border pension funds.Furthermore, it said, those cross-border pension funds already established in Belgium would be prompted to leave, seeing as neither the Netherlands nor Luxembourg are going to apply the tax.Agreeing to an FTT could mean Belgium loses its “prime location status” for pan-European pension funds, said PensioPlus.The government recently announced beneficial administrative and fiscal treatment for cross-border pension funds, its latest move in a drive to position itself as an attractive location for pan-European schemes.PensioPlus also said that, if pension funds fell under the scope of the FTT directive, an employee member of a workplace pension plan would lose out.It said scheme members would lose the equivalent of 5-24 months of pension contributions, as these would go toward paying the tax rather than building their pension.The association said the direct cost to Belgian pension funds would be around €20m on an annual basis but that total costs could be up to 3-4 times as much when indirect costs were taken into account.Under the EU ‘enhanced cooperation’ procedure being followed for the FTT law-making, a minimum of nine member states must endorse the proposal from the European Commission for it to be taken forward. PensioPlus, the Belgian pension fund association, has warned the country’s government against implementing a financial transactions tax (FTT), saying it would undermine its efforts to make the country a prime location for cross-border pension funds.Other financial services industry bodies have also been warning the Belgian finance minister against supporting the introduction of an FTT – or ‘Tobin’ tax, as it is also known.A draft of a directive on an EU FTT, which would apply to 10 of the EU’s member states, is being keenly anticipated by industry bodies in the 10 member states negotiating on this, of which Belgium is one.A statement from the Belgian insurance industry association, Assuralia, suggests it is anticipating a decision from the Belgian finance minister this week.last_img read more

Top architect shares his property journey and his humble dream home ambitions

first_imgLiam Proberts would love an apartment in the heart of the CBD. (AAP Image/Darren England) NO ARCHIVING My wife and I bought our first house for about $120,000.It was a three-bedroom worker’s cottage in one of Paddington’s steepest streets.The house was nestled into the hill and had a great courtyard with a jacaranda tree.That property really was a perfect fit for us. The Greek Islands are definitely high on my bucket list. Beautiful sunset view of Fira, Santorini, Greece. istockI’d love to spend time in a large villa somewhere in Santorini. It wouldn’t be an ostentatious home. Instead, I’d opt for a simple design that allowed the magnificent landscape to take centre stage. Breathtaking views of the water, fabulous food and a relaxed lifestyle … that would do me. I’d love to have an apartment right in the heart of Brisbane’s CBD and a weekender, with ocean views, on either the Gold Coast or the Sunshine Coast.It would be great if these places could accommodate our family of five and our friends. FANTASY HOME Liam Proberts, bureau^proberts Managing and Creative DirectorBureau^proberts managing and creative director Liam Proberts is a recognised figure in Queensland and Australian architecture, having made a strong and consistent contribution to architecture and urban design since establishing his architectural practice in 1990. He shares his property dreams with The Courier-Mail. FIRST HOME CURRENT HOME More from newsParks and wildlife the new lust-haves post coronavirus14 hours agoNoosa’s best beachfront penthouse is about to hit the market14 hours agoWe now live in Bardon on a site that overlooks a nature reserve.I designed the house to make the most of the views and our north-facing aspect.I wanted to celebrate our subtropical climate, so much of our living space opens right up to capture both breezes and views of the neighbouring tree canopy.We’ve also incorporated an internal courtyard to maintain that connection with nature. DREAM QUEENSLAND HOMElast_img read more

Sunshine Coast dominates opening auction weekend

first_imgBidding paddles for the first auction weekend of the year.A LUXURY property on the Sunshine Coast pulled eight registered bidders out of the hat to secure a $1.1 million sale on the first auction weekend of the year.The Ken Down-designed apartment at 3/5 Foote St, Mooloolaba was the star performer in an otherwise lacklustre start to the auction year with only 10 properties going under the hammer across Queensland. Size does matter for real estate buyers FOLLOW US ON FACEBOOK Rugby legend sells Paddington pad MORE REAL ESTATE STORIES “The property was passed in,” she said. “But there’s more activity at this time of year than this time last year and there’s even been a couple of (Queensland) investors showing interest. I think it’s going to be a good year.”Back on the Sunshine Coast, two registered bidders took the three-bedroom house at 7 Tall Trees Way at Little Mountain to auction where it sold for $505,000. The house at 7 Tall Trees Way, Little Mountain,“It was a neglected house,” said REMAX First – Caloundra agent Karl Rademeyer. “But it was in a good position, opposite the park and in a nice quiet area.”The property had two offers prior to auction with the buyer coming from south of Maroochydore and looking for a home to share with her daughter and mother.Mr Rademeyer said the Christmas break was much needed after the property market slowed in the middle of last year but ‘picked up quite nicely’ toward the end of the year.“And I think that trend is going to continue,” he said. A luxury apartment in the Saint Malo complex at Mooloolaba sold under the hammer for $1.1 million.Ross Cattle of Define Property organised an extended auction campaign over the Christmas and New Year period with 70 people packed into the three-bedroom apartment to see the property sell. The outdoor area at 3/5 Foote St, Mooloolaba.“It was really emotional,” Mr Cattle said.“The person who bought the property was the opening bidder and he was buying it for his parents. There were a lot of tears. The parents were crying. One of our staff members who was involved in selling the property, she started crying as well. Everyone was so emotionally attached.“I’d love to have every Saturday like that.”Eight houses, one unit and one vacant block of land made up the opening weekend auction list across the state.The only Brisbane house to go to auction was 31 Ferny Way, Ferny Hills, where two registered bidders were engaged but cautious, letting the property pass in at $480,000. Sixteen people gathered to see Brisbane’s only house auction on Saturday at 31 Ferny Way, Ferny Hills.“That’s a huge amount for this area,” said the opening bidder when told how much the bank had valued the Ferny Hills property.The Gold Coast woman, who was looking for an investment property, bid as high as $460,000 for the three-bedroom renovator with an internal lift, and was topped by a vendor bid of $480,000, after which the auction stalled. The Gold Coast bidders at the Ferny Hills auction, with the underbidders by the fence. Picture: Debra Bela.A second bidder on the phone with her mum withdrew from the auction at $450,000.“Another $5000 would have bought it,” Coronis Arana Hills lead agent Tamika Kent said. “But I think it’s promising, having run the campaign over the Christmas break, to get two bidders to auction and it was close.”More from newsParks and wildlife the new lust-haves post coronavirus10 hours agoNoosa’s best beachfront penthouse is about to hit the market10 hours agoMs Kent said the house had received a higher pre-auction conditional bid from an interstate investor which would now be revisited.In the central Queensland hub of Emerald, Selena Berry of Adams and Jones Property Specialist started the auction year with a three-bedroom lowset house at 2 Leichardt St.last_img read more

Bacolod-Silay airport reopening moved to June 15

first_img“No leisure travellers yet,” she said. The provincial government, he said, has discussed with representatives of airline companies the imposition of stricter health protocols at the airport to curb the spread of the viral illness. “[The] province opted to cancel all inbound commercial flights,” Tan said. “Outbound passengers will be at the sole control of PAL.” To help detect people possibly infected with COVID-19, Lacson said the airport will be equipped with thermal scanners that measure body temperature./PN BY DOMINIQUE GABRIEL BAÑAGA This move, according to Magallanes-Tan, will ensure that locally stranded individuals and returning Negrenses will be given priority in all flights.  It instead moved the airport’s resumption of operation to June 15 with commercial flights coming from Manila.center_img Tan also said that with the scheme they would be able to control the number of people coming in and make sure that only stranded individuals and Negrenses could enter the province. BACOLOD City – The provincial government of Negros Occidental reconsidered its decision to allow the reoperation of the Bacolod-Silay Airport by June 8.  Also, all individuals arriving at the airport will undergo mandatory real time-polymerase chain swab testing. Last week, Gov. Eugenio Jose Lacson announced commercial flights from Manila to Negros Occidental will resume on June 8. Charina Magallanes-Tan, spokesperson of the coronavirus disease 2919 (COVID-19) Incident Command Center, said the provincial government made this decision after conferring with flag carrier Philippine Airlines.last_img read more

IMCA Modifieds headline Sept. 1 Showdown at Motown

first_imgMARSHALLTOWN, Iowa – Four sanctioned divi­sions are on the card for the Friday, Sept. 1 Showdown at Motown, with IMCA Modifieds run­ning for $1,000 to win and a spot on the 2018 Fast Shafts All-Star Invitational ballot.IMCA Sunoco Stock Cars and Karl Chevrolet North­ern SportMods both vie for $500 to win while IMCA Sunoco Hobby Stocks chase a top check of $300.IMCA Speedway Motors Weekly Racing National, re­gional and Allstar Performance State points will be awarded.Spectator admission is $15 for adults, $10 for seniors and free for kids 10 and under. Pit passes are $30.Pit gates open at 4:30 p.m. and the grandstand opens at 5 p.m. Hot laps are at 6:50 p.m. and racing starts at 7:30 p.m.More information is available from promoter Toby Kruse at 515 231-5444.last_img

Germany still winless in UEFA Nations League after drawing with Switzerland

first_imgGermany were still waiting for their first-ever UEFA Nations League win after they gave a tired performance and were held to a 1-1 draw by Switzerland on Sunday.Ilkay Gundogan gave Joachim Loew’s side the perfect start with a clinical goal in the 14th minute, but Silvan Widmer earned their smaller neighbours a deserved draw just before the hour. In the end, Germany may have been grateful for the result in the League A Group 4 game.The much livelier hosts, unbeaten in their last 17 competitive matches at home, created the better chances.Germany, who also let the lead slip in a 1-1 draw with Spain on Thursday, failed to win any of their four games in the inaugural Nations League two years ago.Now they have drawn their opening two games this time around.Matthias Ginter, in spite of being surrounded by five defenders, laid the ball back to Gundogan who rolled a shot between Yann Sommer and his near post from 20 metres. Julian Draxler should have added a second shortly afterwards but shot straight at Sommer.Switzerland were let down by their old failing in front of goal with Haris Seferovic the biggest culprit, mis-kicking from six metres after Djibril Sow’s pass found him free.The Benfica striker also hit the post just before half-time.Breel Embolo’s runs from midfield constantly troubled Germany and he set up the equaliser in 58th minute.The visitors lost possession in midfield, Embolo burst into the area and laid the ball off to Widmer who scored on his return to the side after a three-year absence. Switzerland have one point after losing their opener to Ukraine.Germany coach Joachim Loew was left frustrated by his team’s failure to capitalise on their early lead.“We didn’t take our chances for a second goal and allowed Switzerland to take control in the second half. In the end I thought a draw was the right result,” he said.“When you lead 1-0 in two games and don’t win either, it’s annoying. It’s a problem that we are not finishing off games…RelatedPosts Gundogan tests positive for coronavirus Denmark hold England to draw Batshuayi double helps Belgium to massive win over Iceland “I doubt that Switzerland would have come back from 2-0 behind.”Loew stuck with his three-man defence and his side made an early breakthrough.Granit Xhaka tested Leno with a long-range shot and was just wide with a free kick as Switzerland threatened a win.Reuters/NAN.Tags: Ilkay GundoganJoachim LoewSwitzerlandUEFA Nations Leaguelast_img read more

Premier League Talking Points

first_img Press Association Manchester United will bid to respond from their Champions League exit at Bournemouth, a side whose attractive philosophy was rewarded with a victory at Chelsea last weekend. Louis van Gaal’s United have been criticised by a number of their illustrious former players for their tactics, but a win on the south coast could go some way to proving their title credentials. MAGPIES RISING Steve McClaren’s Newcastle are 18th entering this weekend’s fixtures, but a win over Jurgen Klopp’s Liverpool must have done wonders for morale and belief. The Magpies face a different test this Sunday, against a Tottenham side determined to deliver on their potential and in buoyant mood following their mauling of Monaco. MIGHTY FALL Should Leicester beat Chelsea on Monday night the Foxes will retain top spot in the standings and will surely be considered realistic contenders for the title Jose Mourinho’s men picked up in May. Chelsea could drop into the bottom three before kick-off – depending on results elsewhere – and the likelihood of the self-proclaimed Special One being out of a job would increase with a ninth loss in 16 games despite their European success in midweek. FOXES IN BOXES Jamie Vardy is experiencing a goal drought – he did not score in last week’s win as Leicester team-mate Riyad Mahrez’s hat-trick earned a 3-0 win over Swansea. It ended a record run of scoring in 11 straight Premier League games for Vardy, who has been linked with a move to opponents Chelsea. His pace will worry Chelsea and he could soon be back on the goal trail. RUDDERLESS SWANS? Swansea go to Manchester City after sacking manager Garry Monk. It is a thankless task for caretaker boss Alan Curtis and will provide little of a gauge for the future as City can tear apart the best teams, let alone one in disarray and reeling from the departure of their boss. Barclays Premier League leaders Leicester must wait until Monday for their game with defending champions Chelsea and could find themselves toppled by then as Arsenal, Manchester City and Manchester United all have a chance to move into first place. center_img Aston Villa, meanwhile, are seeking a win against the Gunners or could be cut further adrift at the bottom. Here, Press Association Sport looks at five talking points ahead of the weekend’s top-flight fixtures. BATTLE OF PHILOSOPHIES? last_img read more

Water polo to host Stanford at Uytengsu Aquatic Center

first_imgSenior goalie Amanda Longan passes the ball to her teammate in a game at Uytengsu Aquatic Center. “The preparation is all the same because Casey was taught by Jovan and everything we’ve done around here has been with Casey as well,” Longan said. “If anything, we’re making sure we’re a lot more dialed in and more accountable for knowing our responsibilities and knowing the strengths and weaknesses of us and Stanford.” Saturday’s MPSF duel will take place 2 p.m. at Uytengsu Aquatic Center. After that, the competition remains stiff as the Trojans travel to take on Cal next weekend. “Obviously, I hope I can stop all the shots that come my way, but I hope I can keep our spirits high throughout the game, more importantly,” Longan said. “And regardless of how the game goes, I can help keep the team moving forward. That’s the biggest concern for me right now: keeping our spirits up and keeping us motivated to go, go, go regardless of how the score looks.” “Trying to stop their top shooters and trying to slow down their fast break [are] the biggest [priorities] because they’re really good in the counter, and they have some good shooters,” senior captain and goalie Amanda Longan said. “Especially [Fischer]. She’s got a sniper on her, so we have to make sure we rule those [shooters] out.” The Cardinal are 14-1 this season, with their only loss being against USC in the Barbara Kalbus Invitational championship match earlier this season. Although the Trojans have prevailed in their last four games against the Cardinal, the team is preparing harder than ever for this weekend to counter Stanford’s strength on both ends of the pool. Stanford’s offensive firepower poses a threat to any opponent. The Cardinal’s 17.43 goals per game leads the MPSF by a considerable margin, with USC as the second leading scorer at 14.70 goals per game. Stanford also boasts seven of the top 25 scorers in the Mountain Pacific Sports Federation, while only three USC players have achieved the same rank. The Trojan defense should be especially wary of junior driver Makenzie Fischer, whose 3.92 goals per game tops the MPSF. Maintaining this sense of unity was important for the team these past couple of weeks after the unexpected termination of head coach Jovan Vavic for his alleged involvement in the college admissions bribery scheme. Vavic had led the women’s water polo program at USC since its inception. Despite staffing changes, the Trojans are back to business as usual and are preparing to face Stanford with heightened intensity under Moon’s leadership. Fortunately for the Trojans, Longan is having a stellar season in goal, giving up just 3.86 goals per game while averaging 10.95 saves. In conjunction with her philosophy to lead by example, Longan also plays an important role in keeping her teammates’ intensity high. Along with consistent leaders like Longan and senior co-captain and  driver Courtney Fahey, the new crop of Trojans has yielded several standouts this season, including freshman two-meter Alejandra Aznar. Aznar garnered her second MPSF Newcomer of the Week award following the Trojans’ last game against Hawaii, in which she scored twice and earned a penalty shot for her team. Aznar and the Trojans’ other young talent will need to contribute to the Trojans’ scoring efforts Saturday in order to counter Stanford’s potent offense. After achieving a decisive victory two weeks ago in their first game under interim head coach Casey Moon, the No. 1 USC women’s water polo team seeks to extend its undefeated streak to 37 games when it takes on No. 2 Stanford Saturday.last_img read more

WHS Daily Bulletin: Saturday is Crusader Knight

first_img Close Forgot password? Please put in your email: Send me my password! Close message Login This blog post All blog posts Subscribe to this blog post’s comments through… RSS Feed Subscribe via email Subscribe Subscribe to this blog’s comments through… RSS Feed Subscribe via email Subscribe Follow the discussion Comments Logging you in… Close Login to IntenseDebate Or create an account Username or Email: Password: Forgot login? Cancel Login Close WordPress.com Username or Email: Password: Lost your password? Cancel Login Dashboard | Edit profile | Logout Logged in as Admin Options Disable comments for this page Save Settings You are about to flag this comment as being inappropriate. Please explain why you are flagging this comment in the text box below and submit your report. The blog admin will be notified. Thank you for your input. There are no comments posted yet. Be the first one! Post a new comment Enter text right here! Comment as a Guest, or login: Login to IntenseDebate Login to WordPress.com Login to Twitter Go back Tweet this comment Connected as (Logout) Email (optional) Not displayed publicly. Name Email Website (optional) Displayed next to your comments. Not displayed publicly. If you have a website, link to it here. Posting anonymously. Tweet this comment Submit Comment Subscribe to None Replies All new comments Comments by IntenseDebate Enter text right here! Reply as a Guest, or login: Login to IntenseDebate Login to WordPress.com Login to Twitter Go back Tweet this comment Connected as (Logout) Email (optional) Not displayed publicly. Name Email Website (optional) Displayed next to your comments. Not displayed publicly. If you have a website, link to it here. Posting anonymously. Tweet this comment Cancel Submit Comment Subscribe to None Replies All new comments Submitted to Sumner Newscow — Today’s Wellington High School bulletin for Tuesday, May 5, 2015:Tuesday•Golf at Hesston 8 a.m.•JV Golf at Clearwater 3 p.m.Wednesday•Lions Club Awards 10 p.m. in Auditorium.Thursday•Regional Tennis 10 a.m.•Golf at Tex Consolver 3 p.m.•Baseball at WHS vs Clearwater 4 p.m.•Softball at WHS vs Clearwater 4:30 p.m.Friday•Regional Tennis at Winfield 10 a.m.•Track at Chaparral 3 p.m.Saturday•Baseball at Ark City 4 p.m., 6 p.m.•Regional Tennis at Winfield 9 a.m.Today’s Lunch – Pork Rib with Bun, Romaine and Tomato, Tri-Tater, Green Beans, Pineapple, Apple Crisp and milk.Tomorrow’s Lunch -Soft Taco, Tortilla Chips with Salsa, Refried Beans, Shredded Romaine, pears and milk.Today’s News *JV Golf will be dismissed at 1:00 today. They will be marked “activity.”*This Saturday is Crusader Knight-In from 7 p.m. to midnight. This is a middle school and high school event where you can watch The Sandlot and participate in a hockey tournament . See you there!*There will be a girls basketball meeting for returning players today @ 3:10 in the Health Room. Please see Coach Adams if you have any questions.*There will be a football meeting tomorrow in the Weight Room at 3:10 p.m.*The 2014-2015 Sports Banquet will be on Tuesday, May 12 at 7 a.m. in the auditorium.*There will be a meeting tomorrow after school in the health room for anyone interested in participating in Cross Country next school year.*Final Schedule–Students must be in the classroom for the entire finals period and cannot be released early, even if they finish early.Friday May 15thNormal 1st through 4th hours.Students not taking finals are released at 11:18.All students taking finals will attend first lunch.1st hour Final- 11:45-1:232nd Hour Final- 1:28-3:05.Monday May 18th3rd hour Final- 8:00-9:374th hour final- 9:42-11:18All students taking finals will attend first lunch5th hour Final- 11:45-1:236th hour Final- 1:28-3:05.Tuesday May 19th7th Hour Final- 8:00-9:378th Hour Final- 9:42-11:18School is dismissed for the summer at 11:18.*There are only three applicants for NHS officers next year. Please come get a form from Ms. Hollas if you are interested.*Senior Finals will be on Monday, May 11th and Tuesday, May 12th. Seniors only need to come Monday  morning if they are taking a final the following day in class.  Mondays finals will be 5th,6th,7th and 8th periods. Tuesdays finals will be  1st,2nd,3rd and 4th periods. Seniors will be dismissed after 4th hour on Tuesday.*Volleyball girls- Camp Forms, Fundraising forms and money need to be turned into the office.*Help the Library create the ultimate young adult reading list by scanning the QR Codes on the flyers around the school. Let the Library know what books you want to read!  You can also go to: http://goo.gl/forms/yElq1CUx2bToday is:National Teacher Appreciation DayCinco de Mayo.Follow us on Twitter.last_img read more

Iowa finds no violations at Tyson plant with deadly outbreak

first_imgWATERLOO, Iowa (AP) — Iowa’s workplace safety agency says an inspection didn’t uncover any violations at Tyson Foods’ largest pork processing plant, which employed several people who died after contracting the coronavirus.The Iowa Occupational Safety and Health Administration closed its investigation into the Tyson plant in Waterloo earlier this month without sanctioning the meat company.County officials and workers have alleged that in March and early April, Tyson workers did not have adequate personal protective equipment to stop the spread of the virus and were not social distancing. The company says it has taken numerous safety steps since then.Black Hawk County has said more than 1,000 of the Waterloo plant’s 2,800 workers had tested positive for the virus or antibodies by early May.last_img read more