Tag Archives: As a replacement

China advised Britain, the United States to handle their own affairs properly | Instant News

(MENAFN) Instead of meddling in the domestic affairs of other countries, British lawmakers and US congressmen should think about the health of their own citizens and handle their own affairs properly, a Foreign Ministry official said Wednesday.

Spokesman Hua Chunying told a press conference while commenting on British and US doubts about the principle of “patriots who run Hong Kong” and accusations that China violated the Sino-British Joint Declaration, “To be elected by their voters, they have no right to interfere in the internal affairs of the country. other, but is expected to be able to do practical actions for their own people, “

He claims that the concept of “patriot administering” has long been a prevalent practice in all countries around the world, noting that Britain, the United States and other countries have long set strict requirements for patriotism and loyalty in their laws. , especially for the loyalty of public officials to the government.

He argues that the British criticism imposed on China is devoid of evidence and reverses the black-and-white divide.

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Covid 19 coronavirus: Superyacht with Covid-19 denied entry to New Zealand, headed to Fiji | Instant News

The 85 meter long luxury yacht, Bold, belongs to German billionaire Guido Krass. Photo / Provided

A superyacht belonging to a billionaire who was denied entry to New Zealand and instead traveled to Fiji had Covid-19.

The Bold 85m long cruise received Ministry of Health approval to enter New Zealand in mid-February, but has taken refuge on Minerva Reef south of Tonga and Fiji due to bad weather.

On the contrary superyacht had diverted to Fiji, said it had ultimately been denied entry to New Zealand because Immigration NZ considered its crew of more than 20 too large to be a bubble.

It is now revealed that when he arrived in Fiji on March 6, a crew member was again positive for Covid-19.

Superyacht is granted entry through the country’s special “Blue Line” quarantine program, which is designed for cruise ship arrivals.

Upon arrival, a 44-year-old male crew member tested positive for Covid-19 during routine testing as part of the mandated 14-day quarantine on board.

Fijian health officials said it was a “weak positive” test, suggesting there was “very little viral material in the sample”.

Non-infectious virus fragments can remain detectable, and cause a positive test result long after infection has passed, and even after a previous negative test result, said a statement.

The person also had no symptoms and tested negative during pre-departure testing in Port Moresby, Papua New Guinea – Bold’s last port of call.

Superyacht Bold was denied entry to New Zealand and instead traveled to Fiji, where a crew member tested positive for Covid-19.  Photo / Provided
Superyacht Bold was denied entry to New Zealand and instead traveled to Fiji, where a crew member tested positive for Covid-19. Photo / Provided

As a result, health officials considered it a “historical case of Covid-19”.

However, he was still transferred off the ship and into the isolation ward at Lautoka Hospital.

Acting Permanent Secretary of Fiji at the Ministry of Health and Medical Services James Fong confirmed to the Herald that the man was on the Bold superyacht.

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They were told the ship was “having trouble” finding the port, after New Zealand turned it down.

“We have a fairly large quarantine port which makes it a lot easier. They will stay on the ship for 14 days of the quarantine period,” said Fong.

“This is a weak infection from a while ago, so we are not too worried about it.”

The crew will also need to return at least two negative test results before they are released to enter Fiji.

Fiji’s health authorities said the cruise ship did not stop at any other island in Fiji before arriving at the quarantine mooring in Denarau.

This is the first positive case on a cruise ship arriving via the Blue Line initiative, with 107 cruises having arrived since last year.

Superyacht is currently undergoing a quaratining process in Fiji after a crew member tested positive for Covid-19.  Photo / Provided
Superyacht is currently undergoing a quaratining process in Fiji after a crew member tested positive for Covid-19. Photo / Provided

The Herald has contacted the ship’s captain Todd Leech, but has not received a reply.

The Superyacht is owned by the German industrialist billionaire and superyacht builder Guido Krass, who is also currently in it.

Superyacht has been approved for entry into New Zealand under a rule that requires them to spend at least $ 50,000 on repair work.

Since the crew has been at sea for more than 20 days, the crew only needs to go into quarantine for 48 hours. All passengers must also test negative for Covid-19.

A Health Ministry spokesman said since Bold would not enter New Zealand, it was “inappropriate” to comment on the current situation.

“New Zealand has an effective process for any crew wishing to disembark from a foreign vessel, including determining how long the ship has been at sea and testing all crew members before they enter society,” he said.

As of last week, 54 foreign vessels have been granted exemptions for repair or repair purposes, and nine vessels for deliveries to businesses.

About 30 of them are “superyachts” – over 24 meters long – 20 of which are in local waters.

Captain Todd Leech told RNZ on Tuesday NZ Immigration regulations around crew size meant they had to release a third of the crew to enter the country.

Superyacht is now planning to go to Australia, meaning the New Zealand company has lost a repair job known to be worth $ 750,000.

NZ National Border Immigration Manager Peter Elms said Bold had asked for 23 crew members to be granted visas as “sea crew”, but they had determined that seven crew members in a predominantly passenger role did not meet the criteria required for the deliveries to New Zealand.

“It is the responsibility of ship owners to ensure they fully understand the immigration process, their legal obligations and allow sufficient time to obtain all necessary approvals before attempting to enter New Zealand,” said Elms.

“Anyone wishing to come to New Zealand must ensure that they have the appropriate immigration clearance before making plans or starting their journey.”

Bold was built in 2019 by Fremantle superyacht builder SilverYachts, founded by Krass in 2005.

The ship’s navy-like exterior belies its luxurious interior. The large open-air entertainment area, known as The Loft, features floor-to-ceiling windows, two man-made fireplaces, a dining area for 16 people and a movie screen.

The adjoining winter garden, with its open glass walls, looks down onto the spacious back deck where guests can play basketball or go sightseeing in Bold helicopters.

The helicopter locker doubles as a dance floor for 200 people, complete with LED lights, smoke engine and large speakers.

The toy locker aft doors open onto a beach club with sun loungers, and a floating dock for kayaks, wakeboards, kiteboards, two double jet skis, surfboards, three speed tenders, and 12 sets of scuba diving equipment.

The Bold can accommodate 16 guests and 21 crew with a large owner suite featuring a bathroom, including a full-size bath.

Some of the outdoor decks include two outdoor cinemas, an outdoor bar, a Jacuzzi and a teppanyaki barbecue area. While in New Zealand, Bold will carry out repairs and maintenance, which are estimated to be worth millions of dollars.


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A house for the poor will be made in place of Khokhar, Jati Umrah Palaces: Gill – Pakistan | Instant News

Published in January 30, 2021 13.28

The government has reclaimed occupied land worth more than Rs 1 billion, said Shahbaz Gill.

LAHORE (Dunya News) – Special Assistant to the Prime Minister of Political Communication Dr. Shahbaz Gill said on Saturday that homes for the poor will be built from now onwards, not in Khokhar Palace and Jati Umrah.

SAPM spoke to media and said the government had reclaimed over Rs 1 billion worth of occupied land and would make homes for the poor on it. All the thieves are united and their protests will continue for the next three years, he said.

“Prime Minister Imran Khan has clarified that he is not going to make a deal with them. The prime minister is against those who bargain for power and is the only leader who will not compromise.

Deputy President of Pakistan Muslim League-Nawaz (PML-N) Maryam Nawaz said Saif ul Malook was a party asset. Only thieves, robbers, and land occupation mafia can become assets of Maryam’s father.

“Coal power plants are obsolete in the world but PML-N built them on the fertile land of Sahiwal. Nowhere in the world can generate electricity directly from coal. “


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New Zealand already has a capital gains tax – you may not know it | Instant News

Two University of Auckland researchers argue New Zealand already has taxes on its books that can be used to tax property investors. Photo / 123rf

Prime Minister Jacinda Ardern may waive the capital gains tax, but there is already a tax on books that can do the job.

This is according to two University of Auckland researchers, who say that the CB6 section of the Income Tax Act has existed since the 1970s but is not widely known because it is rarely enforced.

However – if given a simple change – it could be turned into an effective capital gains tax that targets the profits investors make when buying and selling homes, Michael Rehm and Yang Yang said in a new research paper.

They argue that the recent skyrocketing house prices have brought the tax debate back into the spotlight.

And instead of considering the new tax, CB6’s section already states that anyone who buys land with the intention of making a profit from resale must pay income tax on those gains, Rehm said.

The government has not enforced this in the past because they think it is too difficult to know the intention of the buyer when making a purchase.

But Rehm said his decade-long analysis of rental housing purchases in Auckland showed nearly all had incurred initial losses and counted on the gains on resale to be considered a wise financial investment.

“This cash flow based stuff is a complete dog,” he said.

“The only rhyme or reason you’re going to invest in property is that you expect to get some sort of payment in the end.”

That means investors can safely be said to be acting as speculators hoping for house prices to rise – and that has broader consequences for society, Rehm said.

Auckland’s average selling price has now jumped to $ 1 million for the first time in October, while national prices have also ballooned to new highs, the Real Estate Institute reported.

This kind of price hike has further transformed housing from where Kiwis seek refuge and raise their families to golden geese treated as egg nests, Rehm said.

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It has two problems.

This helps create a rift in society between the rich, those who own property, and those who don’t, Rehm said.

And that’s funneling billions of dollars of investment from KiwiSaver accounts, stocks and businesses into real estate, where it yields less broad economic benefits, he said.

Politicians across many of the political spectrum have expressed similar concerns over rising prices.

Labor, the Greens and even the Reserve Bank this week suggested broader taxes were needed to help curb rising house prices.

Investors are already taxed like capital gains in the form of what is called a bright line test.

First introduced by the National Government in 2015, it initially required property investors who sold homes within two years of purchase to pay tax on their profits.

In early 2018, the Labor-led Government then extended the bright line test to five years.

Last week, Treasury Secretary Grant Robertson asked the Treasury Department to investigate further extension of the bright line test.

But changing taxation policies is fraught with political risks, given that opposition parties now accuse the Government of canceling its promise not to impose new taxes.

Researchers Michael Rehm and Yang Yang from the University of Auckland's Department of Property.  Photo / Provided
Researchers Michael Rehm and Yang Yang from the University of Auckland’s Department of Property. Photo / Provided

The Minister for Housing and Labor Revenue did not answer questions about whether they would consider investigating or implementing Rehm and Yang’s suggestions.

The Inland Revenue said it conducted a “very similar” study in 2014.

“It was concluded that there is systemic evidence of the turnover rate of residential properties, which is higher than normal,” he said.

“However, identifying possible speculative activity based on analytics and having enough evidence to prove speculative behavior are two different things.”

Rehm admits – even though the CB6 section already exists – enforcing it politically is another matter.

“I am not naive, I know this is a bitter pill that any politician should throw,” he said.

“I’m just trying to show that there’s a solution that’s already in the book.”

Two University of Auckland researchers argue New Zealand already has taxes on its books that can be used to tax property investors.  Photo / 123rf
Two University of Auckland researchers argue New Zealand already has taxes on its books that can be used to tax property investors. Photo / 123rf

He said the enforcement of the CB6 section would be more thorough than the bright line test because there was no time limit and also thought the analysis behind his paper was thorough.

His team used a new method to identify 117,000 rental property purchases in Auckland between 2002 and 2016, he said.

To calculate the profitability of purchasing a lease, his team then weighed the costs involved in running the various properties – such as home loan repayments, property management fees, and maintenance costs – against the rental income.

The results were clear, he said.

Leased property investment almost always goes bad compared to comparable investments when capital gains are excluded, Rehm said.

That means everyone is speculating on expectations the price will go up, he said.

“We beat our chests and said speculation is bad behavior and it needs to stop,” he said.

“But nothing has been done to try to persuade people not to continue speculating.”


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