Tag Archives: That&#

Emma Wiggle about the survivor lockdown, wrote the song for Wiggles and his deputy in New Zealand | Instant News

Wigglemania has got to grips with New Zealand. Since announcing a nationwide tour here last week, brightly dressed Australian children’s entertainers have seen demand soar, and parents are in desperate need of tickets, twice as much.


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‘Those who consider themselves political gods have gathered against PM Imran’ – Pakistan | Instant News

Published in November 28, 2020 15:59

Asad Umar said the opposition was doing politics over the corona virus situation.

SUKKUR (Dunya News) – Federal Minister for Planning, Development and Special Initiatives Asad Umar said those who consider themselves political gods have gathered to fight Prime Minister Imran Khan.

Asad Umar spoke to media in Sukkur on Saturday and said the opposition was doing politics over the coronavirus situation and urged political opponents to protect the lives of their workers as their own.

He said the federal government would fully cooperate to resolve the Sindh issue, and development packages would be announced for Sukkur and North Sindh. The Sindh people will also soon see a change, he added.

Pakistan Tehreek-e-Insaf (PTI) follows the COVID-19 standard operating procedure (SOP) and does not hold rallies, he said, adding that the opposition could also hold ceremonies following the coronavirus protocol.


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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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Mona Singh opens up about motherhood and freezes her eggs, saying ‘Its A Woman’s Call’ | Instant News

Actor Mona Singh has joined forces with Farah Khan and Anita Hassanandani to voice her opinion on motherhood and it is a woman’s choice when she wants to enter that phase. In a post uploaded by Mona, she said that having a baby may not be the first thing on the list of women after marriage and it’s perfectly normal. She also opened up about freezing her eggs. Read on to find out more.

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Mona Singh opens up about motherhood

Mona Singh took to Instagram to open up about the decision to become a mother and how it has always been women’s calling. She has taken inspiration from director Farah Khan and actor Anita Hassanandani who have also guaranteed this. Mona Singh also shared that she is glad she decided to freeze her eggs because she wanted to take the time to decide when she is ready to step in and embrace motherhood.

She talked about the recently released show on Sony TV, Story 9 Month Ki, in which protagonist Alia who is a widow wants to become a mother. She is trying to get pregnant with the help of IVF. Mona Singh also said that the event sent a very empowering message through its storyline. She also added that it will continue to inspire women that they have choices and that it’s up to them to make them. He uploaded a post with the hashtag #ItsAWomansCall to echo his sentiments.

Her fans, too, appreciate Mona Singh for sharing this with them. They have shared that they are proud of him for sharing this and also supporting him in his decision. Check out their reactions here:

Instagram Mona Singh takes a peek at the actor’s life. She also shares photos and videos from her personal and professional life. Mona Singh’s Instagram also looks at photos of her pet dog. He also shared photos of his food.

Mona Singh was last seen in the Zee 5 series Mom Over Mars. She will next be seen in a web series titled Black Widows starring Shamita Shetty, Sharad Kelkar, Raima Sen and Swastika Mukherjee. It will be released on 18 December 2020.

Read also | Imran Khan’s wife, Avantika Malik, shares secret messages about healing on Instagram

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Image courtesy of- @monajsingh Instagram

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Brazil faces a $ 112 billion refinancing gap in early 2021 | Instant News

BRASILIA, Nov 24 (Reuters) – Brazil’s debt has swelled to unprecedented levels due to the COVID-19 pandemic and the government faces a $ 112 billion refinancing gap early next year, with April funding needs the highest for a month.

Publicly, at least, Treasury officials in Latin America’s top economies insist there will be no problems getting investors to lend to them. The so-called liquidity cushion can cover at least three months of the loan.

In addition, nearly all of Brazil’s debt is denominated in reais and more than 90% of it is held by domestic investors, many of whom are forced to hold it by banking regulations.

Financial analysts also see little risk of a boycott by lenders, which is likely to trigger a serious crisis and wreak havoc on Brazilian financial markets.

But the likelihood that the Ministry of Finance may have difficulty repaying debts, due to sudden unfavorable political, economic or market conditions, is not zero. And it will likely pay a premium to shift so much debt at once, analysts say.

According to Treasury Department figures, about 605 billion reais ($ 112 billion) of domestic federal debt is due in the first four months of next year. That’s 14.1% of Brazil’s 4.82 trillion reais pile of domestic debt.

The month to watch is April, when the 283 billion reais of debt will need to be extended. That is 6.6% of Brazil’s debt and will be the largest single month of maturity debt on record, according to the Ministry of Finance.

“It’s a huge number, and if people want to reduce their exposure a little bit for whatever reason, that’s a significant amount,” said Sergi Lanau, deputy chief economist at the Washington-based Institute of International Finance (IIF).

“It’s not a good situation, but it would be much worse if it was foreign debt. We are not too worried about the pile maturing. If something goes wrong at that point, then you will be exposed,” he said. the word.

The IIF analysis shows that the government’s domestic debt maturing in April amounts to 3.7% of GDP, also an all-time high for a month.

Economy Minister Paulo Guedes said he saw “no problem” for the Ministry of Finance to reimburse the debt. About half of the 600 billion reais due early next year may already be covered by cash inflows from central banks and public sector banks, he said.


The government’s surprisingly aggressive fiscal response to the pandemic, particularly through direct income transfers to the poor, has driven its deficits and debt to records that are far above most other developing economies.

Brazil’s main deficit, excluding interest payments, is estimated at nearly 12% of GDP this year, with overall debt rising to around 95% of GDP, according to the government.

That has forced the Treasury Department to borrow more, more and more in short dated paper because it’s cheaper and as growing concerns around the fiscal outlook mean investors are reluctant to lend to the government long-term loans.

While reducing average debt maturity lengths and record low official interest rates have brought average interest costs down to a record low, the so-called “roll over risk” for the Treasury has increased sharply.

“The problem is if we can’t sell any bonds. But we don’t have to worry too much, there’s money in the system,” said an interest rates specialist at a hedge fund in Sao Paulo.

“The treasury won’t run out of cash: that’s not the case. But it will continue to pay higher interest rates and see a steeper curve,” he said.

The difference between long-term and short-term interest rates has widened sharply. Before the pandemic, the difference between the January 2022 and January 2027 futures rates was 180 basis points or less. That tripled to 460 basis points in September, and is now creeping back to that all-time peak.

The Treasury has failed to sell the full allocation of bonds offered at several auctions in recent weeks, both the fixed rate ‘LTN’ note and the floating rate ‘LTF’ note linked to the central bank’s official Selic rate.

To attract buyers, the Ministry of Finance has to pay a higher premium. It also relies on other sources of financing, including a recent transfer of 325 billion reais from the central bank.

Waldery Rodrigues, special secretary of the economy ministry, said last week that a central bank selling part of its foreign currency reserves to pay debt is “on the menu” for next year, although the decision rests with the central bank.

($ 1 = 5.40 reais)

(Reporting by Jamie McGeever; Editing by Tom Brown)


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