Kuwait to table corporate tax bill in 2 years - finance minister

LONDON, June 8 (Reuters) - Kuwait expects to table a bill to harmonise corporate tax rates between local and foreign firms in around two years' time, offering incentives to key sectors like telecoms and IT, the country's finance minister said on Monday.
Kuwait said in April it was studying proposals to introduce the same levy for domestic firms, which generally pay little or no tax on income, and foreign companies, whose commercial activities are taxed with a rate of 55 percent in the highest bracket. 

"We are looking at many, many scenarios ... but we are definitely looking at matching them," Finance Minister Anas al-Saleh told Reuters on the sidelines of a conference in London. 

"We need to draft legislation ... in 24 months we should have a law that can go to parliament." 

Saleh expected the rate for international firms to fall and the levy on local companies to rise, though he declined to indicate a level. He added the government was also looking at introducing tax breaks for companies operating in key sectors like IT, telecommunications and petrochemicals. 

"There will also (be) incentives, incentives to encourage corporates to focus on certain sectors that are needed for our economy," he said. 

Introducing a new corporate tax will be politically sensitive in Kuwait, which has seen pressure on its state finances because of the plunge in oil prices. Officials say they want to diversify revenue sources beyond oil. 

Saleh reiterated there were no plans to introduce income tax for individuals. 

citation : taken from zawya - https://goo.gl/4jAxyZ

India - Challenges of Growth and Development

Corruption, BlackMoney , Lokpal and Affordibility of life ( Inflation)

Everyone is talking about corruption and one of most loved topic of media is black money, and now lokpal bill. There are many debates on all of this and everyone is talking about how to manage it or reduce the corruption.
I have not seen much talked and discussed about how these money is created, and why it is created and how to put of the hole.
Lokpal bill is one of the most important bill and it will improve the responsibility and bring corrupt cases into to forefront. Like RTI ( right to information act) it will be great achivement. This all will go in long way to become a nation who cares its people. I am not talking of Developed countries who do not care their own people and are arrogat. I am not talking of those who are least concerned about human rights and responsibility of powerful.
No, I am talking of nation India, who is responsible and humble towards world and its own people. Where every hand get work and dignity to sleep peacefully everynight with food and not worried for tomorrow's needs.
The major issues which India is facing to grow, and to grow responsibily. Without snatching or stealling from his own brothers and sisters.

• Sources of Black money - One of the greatest challenge is our taxation system. India needs to deal with it and close the loopholes which creates blackmoney. ( I will write in detail on the issue. Only salaried class is tax payee because it is paid in bank and those who deals in millions of cash never gets tax notice)



• India's Mandi Act ( food grain and agriculture commodities act)- This second source of proliferage.



• Cash Transaction and banking in India. - All retail and wholesale trading happens as cash transaction. This must stop. This is source of black money, all kind of wholesale and retail transaction must be through bank. This will reduce cash and black money. Still more than half of India do not have banking account, let us make banking affordable to them. Give everyone of them account and reduce cash in system.



• Indian Real Estate - Biggest investor or source where black is invested.



• India Judiciary - Presently more than 10 years backlog is there in Supreme Court for constitutional bench. What kind of Governace are we talking off. If our highest court can not deal with matter of constitution for 10 years and many more years. The backlog of all other cases are well known. This is not justice system. India needs change in very first dimension of democracy, the justice. If this system can not deliver justice, what are we then talking off? We need a system which is time bound and accountable to deliver justice.



• Accountability - If everyone is accountable and responsible for his task, why not judiciary? Let there will be system where Judiciary, including Highest Judiciary be held accounatable and required be prosecuted? Everyone here is human being and can make mistake so is judiciary, let there be a system which will held them accountable?



• India Bureucracy - Let there be reform in indian bureucracy, politicians goes and comes back but our bureacracy remains there and needs to be cleaned.



• Indian Criminal System - This is one of the area needs revamp. India needs clean, non corrupt IPC. Law and Order should be separate from investigation. Police and associated system is most corrupt and unaccountable system. They can put any one behind the bar for years under different law and after 5 to 10 years judiciary acquits him of wrong doing. What about lost time and injustice to him? Extra judicial killing is one of the most common phenomenon of Indian Police and Military. They are contract killer for Politician ( Gujarat or Business Mans, Delhi and Mumbai Cases). Do really India want such Police Force. We need a force, which people love to go to help. Present system is the system of British Empire and needs facelift.



• Inflation is India's Foreign Policy Challenge and not Fiscal Policy Challenge.



• Inflation is Indias Development Challenge, and not monetary or Fiscal Management.

Govt favoured RIL in gas contract: CAG

Govt favoured RIL in gas contract: CAG

Is this the first time? If we look at history of reliance and Dhirubhai Ambani, during licence raj. This is history of GOD father, GOD father of reliance, their fooprint in corridores of power. Past and present government has always helped them over others.

Even before they can acquire land for Jamnagar refinery, IPO came, which is approved by government. UTI invested 850 crore(8.5 in it, it is pre IPO subscription. No one really sure and it ws debated during UTI US64 debacle which government rescued.

The famous rivary between Reliance and Bombay Dying and assault on Nusli Wadia was well known. For sure no one really known the 8500 companies which are the persons acting on consent in reliance who are they?

These 8500 private comapnies are source of corruption and used for channelling benefits and money to the their political GOD father.


The c

Baba declares assets, but gives few details - Indian Express

Baba declares assets, but gives few details - Indian Express

Very nice business Idea, I never thought of. 1100 crore INR ( 250 million USD) in 17 years, without taxes and without any responsibilty, enjoy yourself. Baba of business empire.
India has many such big empires build on peoples money known as donations which are never accounted, this all money is black money. Just few days ago Satya Sai baba died , it is said he had wealth of more than 11000 crore.
India has always had a love affair with sadhus, sants and sundry babas, but till not too long ago, these worthies tended to stay out of public life. They had large numbers of followers and it was hardly a secret that many politicians were among them, but the holy men (and a few women) did not dabble in politics, at least not openly. Ministers and Governors (and Supreme Court judges too) routinely fell at the feet of such babas, but if at all any politics was discussed, it was behind closed doors.
What about wealth of many more baba's, these are the black money holders, their devotees give them black money, all this money must go to peoples of India.

Those who talk of black money must come clean themselves on black. Baba Ramdev is not Anna.


I'm raising only a nationalist force: Ramdev

He want to raise a force, saffron force which is called nationalist force. Force of Sadhwi Rithmbara and Sadhwi Pragya Singh and Naredra Modi. These are the people who want to destroy communal harmony of the country. Nationalist Force is Hindu force and it is not Baapu has dream. Those who killed Baapu can not be called patriotic, patrotic about well being of India and peoples of India. They can only be called terrorist.

Waiting for Change

Struggle is on " Baapu fought for Swaraj....... and Suraj......... both are distant dream" After 60 years of independence the government want more time to enact a law which will clean up Government. How many files for proseculation are pending with PMO and How many more are with Governers. This must go ...........

• We Want Change..........


• Clean and Transparent Governmet...........


• Accontable Government.............

Dear Baapu the fight for Swaraj ............ and Suraj............. will continue...........

Baapu............JP.................Now Anna............

Anna we are with you...........for for Swaraj and Suraj..........

We are for change...........

Anna our soul and heart are with you.

Goverment Media ............Government Spokesman

Another 60 years ........... Government Want..........

India’s Development Challenge – Corruption

India’s Development Challenge – Corruption

• 
  
  India against corruption: Anna Hazare begins fast

• 
  
  Anna Hazare reaches Rajghat, hundreds join in support

• Anna Hazare to go on fast unto death demanding anti-corruption law

• The mad media and it’s coverage

No one is talking in big way on this issue of corruption as prime issue facing the Country. Those who called themselves as torch bearer of future of India and clean society are not making it big issue. Media’s role in making issue to non issue and non issue to issue is what is happening. When ever it comes to the talking of corruption in the government, ruling party always has only one point, we have most non corrupt PM. Agreed……..so me the results. The saying goes like this “Man is known by the company he keeps.” The companions of the most non corrupt PM are as below

• Mr. Raja – ex telecom minister


• Mr. Suresh Kalmadi –


• 
  
  Mr. Ashok Chavan Mr. ………….

This is long list. On the nuclear issue…………..the Vote of confidence is owned………..there is secret in it ………… No confidence……. Is confidence……. IPI Pile project discarded ………………….. Mr. Mani Shanker Aiyer was removed as …………. Ex minister of petroleum Decisions on India’s Cabinet is taken ………….. many more consideration are there. Government must come to power ……….. and should remain in power…… we have clean PM. He has job to be completed………… of his masters voice…………. Let us unite as nation ………… against corruption………….. Against injustice…………. “For the sake of nation for bright future of the nation” --------- 9% and above growth in GDP is not guarantee of development……. Sustainable………. Ethical…………and Justice ……..